Downtown Melbourne Commercial Building For
For Sale
$3,490,000
2015 Waverly Pl, Melbourne, FL 32901
Premier 13,765 SF commercial building in Downtown Melbourne.
Property Size13,765 SF
Lot Size0.77 Acres
Price / SF$253.54
Days on Market465
Property Features for 2015 Waverly Pl
General Information
Standard status
Active
Size
13,765 SF
Lot size
0.77 Acres
Property subtype
Commercial
Building Details
Year Built
1953
Listing Agency:
LIV Signature Real Estate, LLC
Listed By:
Anthony M Romero · License #BK695178
(321) 917-7450
Source:
Spacecoasthomefinders
Added: Jul 15, 2025
Changed: Oct 21
Last Checked: Oct 20 at 9:29PM
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 LIV Signature Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Downtown Melbourne's business district, this commercial building offers 13,765 square feet of space. The property was extensively remodeled in 2016 with updates including new electrical systems, A/C units, hurricane-impact windows and doors, and premium fixtures and finishes. The Class-A property features showrooms, office space, a fully equipped kitchen, and warehouse areas with a loading dock. Situated on a 0.77-acre lot spanning a full city block, the property has dual access from Waverly Place and Vernon Place, with parking. This sale includes the real estate.
Key Highlights
- Prime Downtown Melbourne location in the heart of the business district.
- Substantial 13,765 sq ft Class‑A commercial building.
- Extensive 2016 remodel with new electrical, A/C, hurricane‑impact windows/doors, and premium finishes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,314
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,746,280
$3.7M
Cap Rate 7%
$2,675,914
$2.7M
Cap Rate 9%
$2,081,267
$2.1M
Market Conditions
NOI Build-Up for 13,765 SF
Gross rent
$297.3K $21.60/SF
− Vacancy
−$47.6K −$3.46/SF
EGI
$249.8K $18.14/SF
− OpEx
−$62.4K −$4.54/SF
NOI
$187.3K $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%
$3,746,280
Cap Rate 7%
$2,675,914
Cap Rate 9%
$2,081,267
Alternative Uses
Best Use
Office B
$2.68M
$2.34M – $3.12M
NOI $187,314 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$2.27M
$1.98M – $2.64M
NOI $158,697 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,212 @ 7.0% cap · market cap 7.28%
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
1,950
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Island Tile & Marble LLC — 2418 S Harbor City Blvd, Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Showroom - Premier 13,765 SF commercial building in Downtown Melbourne.
Where is this showroom located?
The property is located at 2015 Waverly Pl Melbourne, FL.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Prime Downtown Melbourne location in the heart of the business district.; Substantial 13,765 sq ft Class‑A commercial building.; Extensive 2016 remodel with new electrical, A/C, hurricane‑impact windows/doors, and premium finishes.
