Remodeled Flex Space With Loading
2015 Waverly Place, Melbourne, FL 32901
For Sale
$3,490,000
Commercial Sale, Melbourne, FL
Property Size13,765 SF
Lot Size0.77 Acres
Price / SF$253.54
Days on Market485
Property Features for 2015 Waverly Place
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fully equipped kitchen
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
LIV Signature Real Estate, LLC
(321) 241-4429
Listed By:
Anthony M Romero · License FL BK695178
(321) 917-7450
Added: Jul 16, 2025
Changed: Oct 30
Last Checked: Nov 12 at 5:06PM
MLS# 1051895
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 13,765-square-foot flex property occupies a 0.77-acre lot in Downtown Melbourne. The building includes separated showroom areas, offices, a fully equipped kitchen, warehouse space, and a loading dock. Improvements completed in 2016 included electrical systems, air-conditioning units, hurricane-impact windows and doors, fixtures, and finishes. Block construction, carpet and tile flooring, central heating and cooling, public water, and public sewer support the existing layout.
Access is available from both Waverly Place and Vernon Place, with a dedicated parking lot serving the property. The site spans a full city block within Melbourne’s downtown business district. The sale includes the real estate only.
Access is available from both Waverly Place and Vernon Place, with a dedicated parking lot serving the property. The site spans a full city block within Melbourne’s downtown business district. The sale includes the real estate only.
Key Highlights
- 13,765‑square‑foot flex building on a 0.77‑acre lot
- 2016 remodeling included electrical, A/C units, impact windows and doors, fixtures, and finishes
- Showrooms, office areas, kitchen, warehouse space, and loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,935
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,978,700
$4.0M
Cap Rate 7%
$2,841,929
$2.8M
Cap Rate 9%
$2,210,389
$2.2M
Market Conditions
NOI Build-Up for 13,765 SF
Gross rent
$305.6K $22.20/SF
− Vacancy
−$21.4K −$1.55/SF
EGI
$284.2K $20.65/SF
− OpEx
−$85.3K −$6.19/SF
NOI
$198.9K $14.45/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,978,700
Cap Rate 7%
$2,841,929
Cap Rate 9%
$2,210,389
Alternative Uses
Best Use
Retail
$2.84M
$2.49M – $3.32M
NOI $198,935 @ 7.0% cap · market cap 5.70%
Second Best
Office B
$2.69M
$2.35M – $3.13M
NOI $188,057 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,971 @ 7.0% cap · market cap 8.05%
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
Lease Details
1
Dock-high doors
Yes
Paved road access
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
$244,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Melbourne, FL
Properties on Market for Flex space in Melbourne
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Soul Sushi 9 (Food Truck) — Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial facility combining showrooms, offices, kitchen space, and warehouse areas with dual access and on-site parking.
Where is this flex space located?
The property is located at 2015 Waverly Place 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: 13,765‑square‑foot flex building on a 0.77‑acre lot; 2016 remodeling included electrical, A/C units, impact windows and doors, fixtures, and finishes; Showrooms, office areas, kitchen, warehouse space, and loading dock
