5-Office Professional
For Sale
Contact for pricing
2101 Grant Place, Melbourne, FL 32901
A reception area, kitchenette, and private workrooms create a practical layout for professional operations.
Property Size1,274 SF
Price / SF$1.45
Days on Market39
Property Features for 2101 Grant Place
General Information
Standard status
Active
Size
1,274 SF
Property subtype
Office
Building Details
Year Built
1962
Listing Agency:
J. Edwards Real Estate
(321) 626-0015
Listed By:
Paul Matchett · License #3039052
(321) 960-9636
Source:
Mccoyfreeman
Added: Sep 22
Changed: Oct 29
Last Checked: Oct 29 at 2:47PM
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 J. Edwards Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,274-square-foot office unit includes five private offices, a lobby and reception area with a front desk, a kitchenette, and one bathroom. Built in 1962, the space is arranged for a professional setting, with private work areas and a central area for receiving visitors.
The property is at 2101 Grant Place in the Central Business District of Downtown Melbourne, Florida.
The property is at 2101 Grant Place in the Central Business District of Downtown Melbourne, Florida.
Key Highlights
- 1,274 square feet of office space
- Five private offices
- Lobby and reception area with front desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,337
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,740
$346.7K
Cap Rate 7%
$247,671
$247.7K
Cap Rate 9%
$192,633
$192.6K
Market Conditions
NOI Build-Up for 1,274 SF
Gross rent
$27.5K $21.60/SF
− Vacancy
−$4.4K −$3.46/SF
EGI
$23.1K $18.14/SF
− OpEx
−$5.8K −$4.54/SF
NOI
$17.3K $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%
$346,740
Cap Rate 7%
$247,671
Cap Rate 9%
$192,633
Alternative Uses
Best Use
Office B
$247.7K
$216.7K – $289.0K
NOI $17,337 @ 7.0% cap · market cap 937.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 1,271.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, kitchenette, and private workrooms create a practical layout for professional operations.
Where is this office unit located?
The property is located at 2101 Grant Place Melbourne, FL.
What are key features of this property?
This property features: 1,274 square feet of office space; Five private offices; Lobby and reception area with front desk
