Remodeled Office
For Sale
Contact for pricing
2774 N Harbor City Boulevard #101, Melbourne, FL 32935
Four private offices are complemented by a conference room, reception area, and kitchenette.
Property Size1,500 SF
Price / SF$1.67
Days on Market164
Property Features for 2774 N Harbor City Boulevard #101
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1995
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: May 20
Changed: Oct 29
Last Checked: Oct 29 at 2:38PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 1500-square-foot office suite was built in 1995 and has been remodeled. Its layout includes four private offices, a large conference room, a waiting area, and a reception space. Two bathrooms and a kitchenette provide additional on-site functionality.
The south-corner unit fronts US1 in Melbourne, Florida, offering direct exposure along the highway.
The south-corner unit fronts US1 in Melbourne, Florida, offering direct exposure along the highway.
Key Highlights
- 1500 square feet of office space
- Four private offices plus a large conference room
- Waiting area and dedicated reception space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,412
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,240
$408.2K
Cap Rate 7%
$291,600
$291.6K
Cap Rate 9%
$226,800
$226.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$5.2K −$3.46/SF
EGI
$27.2K $18.14/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$20.4K $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%
$408,240
Cap Rate 7%
$291,600
Cap Rate 9%
$226,800
Alternative Uses
Best Use
Office B
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 816.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 1,108.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
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 - Four private offices are complemented by a conference room, reception area, and kitchenette.
Where is this office unit located?
The property is located at 2774 N Harbor City Boulevard #101 Melbourne, FL.
What are key features of this property?
This property features: 1500 square feet of office space; Four private offices plus a large conference room; Waiting area and dedicated reception space
