Executive Office Building with Backup
For Sale
$17,900,000
Pending
1050 Satcom Ln, Melbourne, FL
Completed in 2015 and updated in 2020, the building includes a high-capacity diesel backup generator.
Property Size61,819 SF
Lot Size9.60 Acres
Days on Market589
Property Features for 1050 Satcom Ln
General Information
Standard status
Pending
Size
61,819 SF
Class
A
Lot size
9.60 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$58,162
Amenities
executive conference rooms
high-level security rooms
gym
locker rooms
gourmet chef kitchens
lounge
café
grand lobby reception
outdoor dining space
Building Details
Year Built
2015
Year Renovated
2020
Tenancy
Single
Listing Agency:
One Sotheby's International
(321) 984-3135
Listed By:
James Edmunds · License #3414010
(321) 349-5068
Source:
Exprealty
Added: Jan 30, 2025
Changed: Sep 6
Last Checked: Sep 10 at 1:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Sotheby's International
Investment Insights
Based on property information with market context.
An executive office building offering 61,819 square feet, completed in 2015 and updated in 2020. The property includes multiple executive conference and high-level security rooms, a state-of-the-art gym with private men’s and women’s locker rooms, multiple chef kitchens, an elegant lounge area, a café, a grand lobby reception, and outdoor dining space.
The building is situated just off US-1 and Viera Boulevard and positioned along Pineda Causeway’s key corridor in Brevard County. The location is described as providing connectivity linking I-95, US-1, and Route 520.
Construction is Class IIB with 100% non-combustible materials, reinforced concrete, a metal frame, and thermal glass finishes. The property is also equipped with a high-capacity diesel backup generator with the capability to sustain full functionality off the grid for nearly a year. It is anchored by a mission-critical global tenant through a leaseback arrangement.
The building is situated just off US-1 and Viera Boulevard and positioned along Pineda Causeway’s key corridor in Brevard County. The location is described as providing connectivity linking I-95, US-1, and Route 520.
Construction is Class IIB with 100% non-combustible materials, reinforced concrete, a metal frame, and thermal glass finishes. The property is also equipped with a high-capacity diesel backup generator with the capability to sustain full functionality off the grid for nearly a year. It is anchored by a mission-critical global tenant through a leaseback arrangement.
Key Highlights
- 61,819 SF executive office building completed in 2015 and updated in 2020
- 9.6+ acres of professionally landscaped grounds
- High‑capacity diesel backup generator capable of sustaining full functionality off the grid for nearly a year
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$841,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,824,660
$16.8M
Cap Rate 7%
$12,017,614
$12.0M
Cap Rate 9%
$9,347,033
$9.3M
Market Conditions
NOI Build-Up for 61,819 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.34M $21.60/SF
− Vacancy
−$213.6K −$3.46/SF
EGI
$1.12M $18.14/SF
− OpEx
−$280.4K −$4.54/SF
NOI
$841.2K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,824,660
Cap Rate 7%
$12,017,614
Cap Rate 9%
$9,347,033
Alternative Uses
Best Use
Office B
$12.02M
$10.52M – $14.02M
NOI $841,233 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.31M
$14.27M – $19.03M
NOI $1,141,673 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Completed in 2015 and updated in 2020, the building includes a high-capacity diesel backup generator.
Where is this office building located?
The property is located at 1050 Satcom Ln Melbourne, FL.
What is the asking price?
The asking price for this property is $17,900,000.
What are key features of this property?
This property features: 61,819 SF executive office building completed in 2015 and updated in 2020; 9.6+ acres of professionally landscaped grounds; High‑capacity diesel backup generator capable of sustaining full functionality off the grid for nearly a year
