CBS Office Building with
2814 S Harbor City Boulevard Melbourne, FL 32901
2814 S Harbor City Boulevard, Melbourne, FL, 32901
$449,000
For Sale
$449,000
CBS office building with newer roof, terrazzo flooring, and large open front room plus offices/storage.
Property Size1,400 SF
Price / SF$320.71
Days on Market19
Property Features for 2814 S Harbor City Boulevard
General Information
- Standard status
- Active
- Size
- 1,400 SF
Building Details
- Year Built
- 1955
Listing agency
Mac Evoy Real Estate Co
(772) 925-4791
Listed by
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Source
Laerrealty
Added: Jul 5 Updated: Jul 22 at 4:32AM Checked: Jul 23 at 3:28AM
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 Mac Evoy Real Estate Co
Investment Insights
Based on property information with market context.
This CBS office building totals about 1,400 square feet and is described as having a newer roof, terrazzo floors, and improved lighting. The interior includes a large open front room along with two separate office/storage areas, plus two bathrooms. The vaulted ceiling and wood trim are noted, and the building is enclosed with CBS walls. The rear includes a thick concrete pad, described as suitable for expansion.
The property is located on a thriving continuation of U.S. Highway 1 / S Harbor City Blvd with high traffic count and nearly 200 feet of highway frontage. Access is available from the highway or from an alley/Irvine Street behind the site. The property has plenty of side and rear parking and is completely fenced.
Additional site details include a concrete pad at the back of the building and a CBS wall enclosure, with the property also noted as located in an Opportunity Zone.
The property is located on a thriving continuation of U.S. Highway 1 / S Harbor City Blvd with high traffic count and nearly 200 feet of highway frontage. Access is available from the highway or from an alley/Irvine Street behind the site. The property has plenty of side and rear parking and is completely fenced.
Additional site details include a concrete pad at the back of the building and a CBS wall enclosure, with the property also noted as located in an Opportunity Zone.
Key Highlights
- 1,400 SF CBS office building built in 1955 with a newer roof
- Nearly 200 ft of highway frontage on US Highway 1 / S Harbor City Blvd
- Terrazzo floors, great lighting, and vaulted ceiling with wood trim
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 | $30.2k | $21.60 |
| − Vacancy | −$4.8k | −$3.46 |
| EGI | $25.4k | $18.14 |
| − OpEx | −$6.4k | −$4.54 |
| NOI | $19.1k | $13.61 |
1,400 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Septic Tank Cleaning
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - CBS office building with newer roof, terrazzo flooring, and large open front room plus offices/storage.
Where is this office building located?
The property is located at 2814 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,400 SF CBS office building built in 1955 with a newer roof; Nearly 200 ft of highway frontage on US Highway 1 / S Harbor City Blvd; Terrazzo floors, great lighting, and vaulted ceiling with wood trim
