Two-Tenant Office
For Sale
Contact for pricing
1322 Oak St, Melbourne, FL 32901
Two office buildings totaling 5,298 SF, each configured for a single tenant.
Property Size5,298 SF
Price / SF$188.75
Days on Market228
Property Features for 1322 Oak St
General Information
Standard status
Active
Size
5,298 SF
Property subtype
Office
Zoning
C1
Occupancy
50%
Lease Type
NNN
Investment Type
Redevelopment
Building Details
Year Built
1957
Buildings
2
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Space Coast Professional Properties
Listed By:
Jennifer Burn · License #6501326001
Source:
Crexi
Added: Mar 16
Changed: Oct 25
Last Checked: Oct 28 at 8:38AM
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 Space Coast Professional Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two separate office buildings totaling 5,298 SF, with each building set up for single-tenant occupancy. Building sizes are 3,930 SF and 1,368 SF.
This offering is for sale and is identified as office buildings and office spaces, with the address provided as 1322 Oak St, Melbourne, FL 32901.
The configuration is straightforward for users or investors looking to own two independently occupied office buildings within the same offering.
This offering is for sale and is identified as office buildings and office spaces, with the address provided as 1322 Oak St, Melbourne, FL 32901.
The configuration is straightforward for users or investors looking to own two independently occupied office buildings within the same offering.
Key Highlights
- Two office buildings totaling 5,298 SF
- Building 1 features 3,930 SF and is configured for a single tenant
- Building 2 features 1,368 SF and is configured for a single tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,095
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,900
$1.4M
Cap Rate 7%
$1,029,929
$1.0M
Cap Rate 9%
$801,056
$801.1K
Market Conditions
NOI Build-Up for 5,298 SF
Gross rent
$114.4K $21.60/SF
− Vacancy
−$18.3K −$3.46/SF
EGI
$96.1K $18.14/SF
− OpEx
−$24.0K −$4.54/SF
NOI
$72.1K $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 Rate 5%
$1,441,900
Cap Rate 7%
$1,029,929
Cap Rate 9%
$801,056
Alternative Uses
Best Use
Office B
$1.03M
$901.2K – $1.20M
NOI $72,095 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,843 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,086
Businesses Nearby
Explore this area
Business Placement
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings totaling 5,298 SF, each configured for a single tenant.
Where is this office building located?
The property is located at 1322 Oak St Melbourne, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two office buildings totaling 5,298 SF; Building 1 features 3,930 SF and is configured for a single tenant; Building 2 features 1,368 SF and is configured for a single tenant
