Concrete Block Office
2101 Grant Pl Melbourne, FL 32901
2101 Grant Pl, Melbourne, FL, 32901
$999,000
For Sale
$999,000
Concrete block office building with private parking and direct street access in downtown Melbourne.
Property Size3,066 SF
Lot Size0.39 Acres
Price / SF$325.83
Days on Market112
Property Features for 2101 Grant Pl
General Information
- Standard status
- Active
- Size
- 3,066 SF
- Lot size
- 0.39 Acres
Listing agency
Reach Commercial Real Estate
(321) 300-4773
Listed by
Cassandra Hartford · License #3296024
(321) 300-4773
Source
Exprealty
Added: Apr 1 Updated: Jul 20 at 4:52PM Checked: Jul 20 at 4:52PM
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 Reach Commercial Real Estate
Investment Insights
Based on property information with market context.
This concrete block office building sits on 0.39 acres and includes a private parking lot with direct street access. The property is currently suited to office use, with the benefit of having been owner-operated as a CPA practice for more than 60 years. The building needs updating, though the roof is described as solid and the overall structure as sound.
Located in Melbourne’s Central Business District, the property falls under C-3 zoning. The listed use range extends beyond office to a broader commercial and civic core, with the remarks indicating professional services, medical, financial, retail, and food service among the options.
For buyers considering a downtown Melbourne site with parking and C-3 zoning, this offering presents a straightforward improvement-and-carry opportunity centered on a functional concrete block office facility.
Located in Melbourne’s Central Business District, the property falls under C-3 zoning. The listed use range extends beyond office to a broader commercial and civic core, with the remarks indicating professional services, medical, financial, retail, and food service among the options.
For buyers considering a downtown Melbourne site with parking and C-3 zoning, this offering presents a straightforward improvement-and-carry opportunity centered on a functional concrete block office facility.
Key Highlights
- Concrete block office building in downtown Melbourne’s Central Business District
- 0.39‑acre property with a private parking lot and direct street access
- C‑3 zoning with a wide‑ranging use list beyond office (includes professional services, medical, financial, retail, and food service)
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 | $66.2k | $21.60 |
| − Vacancy | −$10.6k | −$3.46 |
| EGI | $55.6k | $18.14 |
| − OpEx | −$13.9k | −$4.54 |
| NOI | $41.7k | $13.61 |
3,066 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$596.0K
$521.5K – $695.4K
NOI $41,722 @ 7.0% cap · market cap 4.18%
Second Best
Healthcare Medical
$551.2K
$482.3K – $643.1K
NOI $38,587 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$808.9K
$707.8K – $943.7K
NOI $56,623 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Concrete block office building with private parking and direct street access in downtown Melbourne.
Where is this office building located?
The property is located at 2101 Grant Pl Melbourne, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Concrete block office building in downtown Melbourne’s Central Business District; 0.39‑acre property with a private parking lot and direct street access; C‑3 zoning with a wide‑ranging use list beyond office (includes professional services, medical, financial, retail, and food service)
