2725 Center Place Melbourne Melbourne, FL 32940
Well-maintained two-story flex building combines office space with a rear warehouse and secured fenced yard access.
Property Features for 2725 Center Place Melbourne
General Information
- Standard status
- Active
- Size
- 20,187 SF
Building Details
- Year Built
- 1986
Listing office (321) 800-4656
Listing date Jul 14, 2026
Source Curriproperties
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Investment Insights
Based on property information with market context.
The warehouse includes two dock-high bays and three roll-up doors (14' x 10'), along with a 400 SF mezzanine storage area and an 800 SF air-conditioned workspace. Clear height ceilings range from 20' to 22'. Outdoor amenities include a 1,350 SF fenced patio and access to a 16,000 SF gated yard, and the property offers 155 parking spaces. Roof and HVAC are noted as well-maintained, and the building is located in Melbourne’s Pineda/Wickham Rd corridor with easy access to I-95, US-1, and the beaches.
Key Highlights
- Well‑maintained 20,187 SF two‑story commercial building on a 2.06‑acre lot, built in 1986
- Flexible light industrial zoning with office‑to‑warehouse configuration: professional office with rear warehouse space
- First floor includes a 3,868 SF tenant space leased at $22/SF; additional office and warehouse space available
Local Financial Insights For Flex RnD
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 | $339.1k | $16.80 |
| − Vacancy | −$22.0k | −$1.09 |
| EGI | $317.1k | $15.71 |
| − OpEx | −$111.0k | −$5.50 |
| NOI | $206.1k | $10.21 |
