Remodeled Professional Office
For Sale
$315,000
Pending
2149 Aurora Rd, Melbourne, FL 32935
Recently remodeled space supports professional office, residential, or commercial use.
Property Size1,244 SF
Lot Size0.46 Acres
Days on Market279
Property Features for 2149 Aurora Rd
General Information
Standard status
Pending
Size
1,244 SF
Lot size
0.46 Acres
Taxes and HOA fees
Annual Taxes
$1,977
Listing Agency:
ITG Realty
(321) 622-2701
Listed By:
Nathan Doyle · License #3127048
(321) 695-4175
Source:
Exprealty
Added: Jan 29
Changed: Oct 28
Last Checked: Nov 3 at 11:34AM
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 ITG Realty
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Investment Insights
Based on property information with market context.
This recently remodeled office unit contains 1,244 square feet and supports professional office, residential, or commercial use. The property includes a parking lot positioned behind the building for client and staff access.
The site fronts Aurora Road in Melbourne, FL and includes approximately ±0.46 acres in total. An adjacent ±0.23-acre lot lies to the south, providing additional land within the property offering. The configuration combines an office building, rear parking, and adjoining land in a flexible commercial setting.
The site fronts Aurora Road in Melbourne, FL and includes approximately ±0.46 acres in total. An adjacent ±0.23-acre lot lies to the south, providing additional land within the property offering. The configuration combines an office building, rear parking, and adjoining land in a flexible commercial setting.
Key Highlights
- 1,244‑square‑foot recently remodeled office unit
- Supports professional office, residential, or commercial use
- Approximately ±0.46 acres of total land area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,928
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,560
$338.6K
Cap Rate 7%
$241,829
$241.8K
Cap Rate 9%
$188,089
$188.1K
Market Conditions
NOI Build-Up for 1,244 SF
Gross rent
$26.9K $21.60/SF
− Vacancy
−$4.3K −$3.46/SF
EGI
$22.6K $18.14/SF
− OpEx
−$5.6K −$4.54/SF
NOI
$16.9K $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%
$338,560
Cap Rate 7%
$241,829
Cap Rate 9%
$188,089
Alternative Uses
Best Use
Office B
$241.8K
$211.6K – $282.1K
NOI $16,928 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Recently remodeled space supports professional office, residential, or commercial use.
Where is this office unit located?
The property is located at 2149 Aurora Rd Melbourne, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,244‑square‑foot recently remodeled office unit; Supports professional office, residential, or commercial use; Approximately ±0.46 acres of total land area
