Second-Floor Office
2955 Pineda Plaza Way Unit 214 Melbourne, FL 32940
2955 Pineda Plaza Way Unit 214, Melbourne, FL, 32940
$269,000
For Sale
$269,000
Second-floor office unit with a private waiting area, reception, private office, and two private restrooms.
Property Size1,283 SF
Price / SF$209.66
Days on Market604
Property Features for 2955 Pineda Plaza Way Unit 214
General Information
- Standard status
- Active
- Size
- 1,283 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing agency
Hart To Hart Real Estate, Inc.
(321) 242-2526
Listed by
Richard Hart · License #590871
(321) 242-2526
Source
Xome
Added: Nov 26, 2024 Updated: Jul 22 at 4:41AM Checked: Jul 22 at 4:41AM
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 Hart To Hart Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in Pineda Plaza at Suntree, this second-floor commercial office unit is configured with a private waiting area, reception work space, a reception window, and one private office. The suite also includes two private restrooms.
The property is centrally located in Brevard County and offers easy access via direct access exit to the Pineda Causeway and a traffic light on Wickham Road. Sign locations are noted along Pineda Causeway, Wickham Road, and Pineda Plaza Way.
A unit survey is attached for reference.
The property is centrally located in Brevard County and offers easy access via direct access exit to the Pineda Causeway and a traffic light on Wickham Road. Sign locations are noted along Pineda Causeway, Wickham Road, and Pineda Plaza Way.
A unit survey is attached for reference.
Key Highlights
- 2nd‑floor commercial office unit with 1,283 sq. ft. of space
- Includes private waiting area, reception window, and reception work area
- Features a private office plus 2 private restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $21.60 |
| − Vacancy | −$4.4k | −$3.46 |
| EGI | $23.3k | $18.14 |
| − OpEx | −$5.8k | −$4.54 |
| NOI | $17.5k | $13.61 |
1,283 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$249.4K
$218.2K – $291.0K
NOI $17,459 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.5K
$296.2K – $394.9K
NOI $23,694 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Susie Burke, Hart ...
Real Estate Agency
The Huff Group
Insurance Agency
Laura Starr Hair ...
Hair Salon
MIKA Florida Leadership ...
Training Center
Grecian Garden Café
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Second-floor office unit with a private waiting area, reception, private office, and two private restrooms.
Where is this office units located?
The property is located at 2955 Pineda Plaza Way Unit 214 Melbourne, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 2nd‑floor commercial office unit with 1,283 sq. ft. of space; Includes private waiting area, reception window, and reception work area; Features a private office plus 2 private restrooms
