Two-Unit Office
For Sale
$725,000
2020 W Eau Gallie Blvd Ste 101 & 102, Melbourne, FL 32935
Office condominium units in a two-suite configuration, constructed in 2014.
Property Size3,341 SF
Days on Market61
Property Features for 2020 W Eau Gallie Blvd Ste 101 & 102
General Information
Standard status
Active
Size
3,341 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,341 SF
Year Built
2014
Listing Agency:
Lightle Beckner Robison, Inc.
Listed By:
Hayden Brouillette · License #SL3587660
(321) 722-0707
Source:
Teamlbr
Added: Aug 14
Changed: Oct 4
Last Checked: Oct 12 at 5:28PM
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.
This office condominium property comprises two units identified as Suites 101 and 102. The building was constructed in 2014 and is located at 2020 W Eau Gallie Blvd in Melbourne, Florida. The property is offered for sale as an office-oriented commercial asset.
Key Highlights
- Two office condominium units included
- Suites 101 and 102
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,464
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,280
$909.3K
Cap Rate 7%
$649,486
$649.5K
Cap Rate 9%
$505,156
$505.2K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$72.2K $21.60/SF
− Vacancy
−$11.5K −$3.46/SF
EGI
$60.6K $18.14/SF
− OpEx
−$15.2K −$4.54/SF
NOI
$45.5K $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%
$909,280
Cap Rate 7%
$649,486
Cap Rate 9%
$505,156
Alternative Uses
Best Use
Office B
$649.5K
$568.3K – $757.7K
NOI $45,464 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,702 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium units in a two-suite configuration, constructed in 2014.
Where is this office units located?
The property is located at 2020 W Eau Gallie Blvd Ste 101 & 102 Melbourne, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two office condominium units included; Suites 101 and 102; Built in 2014
