Well-Maintained Office
21 W Fee Ave Melbourne, FL 32901
21 W Fee Ave, Melbourne, FL, 32901
Contact for pricing
For Sale
Contact for pricing
Well-maintained, 100% occupied office building offered for sale.
Property Size7,078 SF
Price / SF$190.73
Days on Market136
Property Features for 21 W Fee Ave
General Information
- Standard status
- Active
- Size
- 7,078 SF
- Property subtype
- OFFICE
Listing agency
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed by
Jeffery T. Robison CCIM · License ##BK3113472
Source
Moodyscre
Added: Mar 9 Updated: Jul 21 at 12:55AM Checked: Jul 22 at 4:22AM
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 well-maintained office building is offered for sale and is 100% occupied. The property is presented as being in good condition and fully leased at the time of listing.
The listing also notes an excellent location, supporting continued income stability tied to current occupancy.
At this size, the building is positioned as a straightforward option for buyers seeking an office asset with existing tenants in place.
The listing also notes an excellent location, supporting continued income stability tied to current occupancy.
At this size, the building is positioned as a straightforward option for buyers seeking an office asset with existing tenants in place.
Key Highlights
- 100% occupied office building offered for sale.
Local 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 | $152.9k | $21.60 |
| − Vacancy | −$24.5k | −$3.46 |
| EGI | $128.4k | $18.14 |
| − OpEx | −$32.1k | −$4.54 |
| NOI | $96.3k | $13.61 |
7,078 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,317 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,717 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rebecka L. Van ...
Foster Care Service
Northwestern Mutual Life ...
Financial Advisor
The Images of Life 4D ...
Medical Clinic
Sukolsky Robert
Insurance Agency
Center For Life Enhancement
Foster Care Service
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FAQs
What type of property is this?
Office building - Well-maintained, 100% occupied office building offered for sale.
Where is this office building located?
The property is located at 21 W Fee Ave Melbourne, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 100% occupied office building offered for sale.
