Renovated Medical Office
1532 North Harbor City Blvd Melbourne, FL 32935
For Sale
Contact for pricing
Predominantly medical space with direct US-1 frontage, fully renovated in 2020, and delivered vacant at closing.
Property Size3,200 SF
Price / SF$296.88
Days on Market464
Property Features for 1532 North Harbor City Blvd
General Information
Standard status
Active
Size
3,200 SF
Property subtype
OFFICE
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed By:
Vitor De Sousa · License #3113472
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:04PM
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 Lightle Beckner Robison, Inc.
Investment Insights
Based on property information with market context.
Located at 1532 N Harbor City Blvd in Melbourne, this fully renovated medical office building is predominantly built out for healthcare use. The property is currently occupied by MedFast Urgent Care but will be delivered vacant at the time of closing. Fully renovated in 2020, the facility includes modern medical buildout.
The building offers direct frontage on US-1 for visibility and convenient access. Additional parking is available at 836 Creel Street, located directly across the street and being sold separately.
The offering includes a medical-oriented configuration supported by the existing improvements, with the space positioned for a straightforward transition to a new healthcare operator upon closing.
The building offers direct frontage on US-1 for visibility and convenient access. Additional parking is available at 836 Creel Street, located directly across the street and being sold separately.
The offering includes a medical-oriented configuration supported by the existing improvements, with the space positioned for a straightforward transition to a new healthcare operator upon closing.
Key Highlights
- Commercial property at 1532 N Harbor City Blvd, Melbourne, FL with direct frontage/access on US‑1
- Currently occupied by MedFast Urgent Care and will be delivered vacant at closing
- Predominantly built out as medical space with modern medical facilities
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 | $69.1k | $21.60 |
| − Vacancy | −$11.1k | −$3.46 |
| EGI | $58.1k | $18.14 |
| − OpEx | −$14.5k | −$4.54 |
| NOI | $43.5k | $13.61 |
3,200 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 4.58%
Second Best
Healthcare Medical
$575.3K
$503.4K – $671.2K
NOI $40,274 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Florida Aid To Animals — 741 Creel St, Melbourne, FL 32935
- trueVETS Melbourne — 1029 Sarno Rd, Melbourne, FL 32935
- Anderson Debbie DVM — 741 Creel St, Melbourne, FL 32935
Frequently Asked Questions
What type of property is this?
Medical Office Space - Predominantly medical space with direct US-1 frontage, fully renovated in 2020, and delivered vacant at closing.
Where is this medical office space located?
The property is located at 1532 North Harbor City Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Commercial property at 1532 N Harbor City Blvd, Melbourne, FL with direct frontage/access on US‑1; Currently occupied by MedFast Urgent Care and will be delivered vacant at closing; Predominantly built out as medical space with modern medical facilities
