Single-Tenant Office
For Sale
Contact for pricing
1331 S Harbor City Boulevard, Melbourne, FL 32901
Waterfront office or medical space with private offices, reception, and natural light from large windows.
Property Size2,256 SF
Price / SF$2.70
Days on Market90
Property Features for 1331 S Harbor City Boulevard
General Information
Standard status
Active
Size
2,256 SF
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Relentless Real Estate Co.
(321) 302-0763
Listed By:
Carmen Louise Conrad · License #3589134
Source:
Startbrevardsearch
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 16 at 8:39AM
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 Relentless Real Estate Co.
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Investment Insights
Based on property information with market context.
This 2,256 SF office unit is configured for a single occupant and can support office or medical use. The layout includes a reception area and multiple private offices, providing a defined entry point along with separated work areas. Large windows bring natural light into the interior and frame water views.
The property is situated along the Indian River in Melbourne, with visibility from US-1. Its waterfront setting and accessible corridor exposure distinguish the unit while complementing its practical office configuration. The combination of reception space, private offices, and river views creates a functional setting for a professional operation.
The property is situated along the Indian River in Melbourne, with visibility from US-1. Its waterfront setting and accessible corridor exposure distinguish the unit while complementing its practical office configuration. The combination of reception space, private offices, and river views creates a functional setting for a professional operation.
Key Highlights
- 2,256 SF office unit configured for a single occupant
- Office or medical use supported by the property information
- Reception area and multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,393
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,860
$567.9K
Cap Rate 7%
$405,614
$405.6K
Cap Rate 9%
$315,478
$315.5K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$51.4K $22.80/SF
− Vacancy
−$4.1K −$1.82/SF
EGI
$47.3K $20.98/SF
− OpEx
−$18.9K −$8.39/SF
NOI
$28.4K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,860
Cap Rate 7%
$405,614
Cap Rate 9%
$315,478
Alternative Uses
Best Use
Office B
$438.6K
$383.8K – $511.7K
NOI $30,700 @ 7.0% cap · market cap 503.94%
Second Best
Healthcare Medical
$405.6K
$354.9K – $473.2K
NOI $28,393 @ 7.0% cap · market cap 466.07%
Theoretical Best
Office A
$595.2K
$520.8K – $694.4K
NOI $41,664 @ 7.0% cap · market cap 683.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Waterfront office or medical space with private offices, reception, and natural light from large windows.
Where is this office units located?
The property is located at 1331 S Harbor City Boulevard Melbourne, FL.
What are key features of this property?
This property features: 2,256 SF office unit configured for a single occupant; Office or medical use supported by the property information; Reception area and multiple private offices
