Two-Tenant Office
1322 Oak St Melbourne, FL 32901
For Sale
Contact for pricing
Two office buildings totaling 5,298 SF, each configured for a single tenant.
Property Size5,298 SF
Price / SF$188.75
Days on Market131
Property Features for 1322 Oak St
General Information
- Standard status
- Active
- Size
- 5,298 SF
- Property subtype
- Office
Listing Agency:
Space Coast Professional Properties
Listed By:
Jennifer Burn · License #6501326001
Source:
Crexi
Added: Mar 16
Changed: Jul 22
Last Checked: Jul 24 at 10:52AM
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
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 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 | $114.4k | $21.60 |
| − Vacancy | −$18.3k | −$3.46 |
| EGI | $96.1k | $18.14 |
| − OpEx | −$24.0k | −$4.54 |
| NOI | $72.1k | $13.61 |
5,298 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Senior Helpers
Home Health Care Service
FAQs
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
