Medical Office Suite with Plumbed Exam
3018 W New Haven Avenue, West Melbourne, FL 32904
For Sale
Contact for pricing
Configured with four plumbed clinical rooms, a reception area, private office, break room and two restrooms.
Property Size63,900 SF
Price / SF$0.05
Days on Market722
Property Features for 3018 W New Haven Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Mccoyfreeman
Added: Nov 18, 2024
Changed: Nov 8
Last Checked: Nov 8 at 3:04PM
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 The Ullian Realty Corporation
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 1,500-square-foot medical office suite includes a reception and waiting area, four plumbed exam rooms, a private office, two restrooms and a break room. Wood flooring and a drop ceiling are installed throughout. City water and sewer service and FPL electric serve the space. The existing layout supports medical or conventional office use.
The property is at 3018 W New Haven Avenue in West Melbourne. Reported traffic counts are approximately 37,000 vehicles per day on New Haven Avenue and 25,500 on Wickham Road. Nearby retailers include Home Depot, Lowe's, Target, Winn-Dixie and Publix. The center provides 205 paved, striped and lighted common parking spaces. Melbourne Mall, Melbourne International Airport and Downtown Melbourne are also nearby.
The property is at 3018 W New Haven Avenue in West Melbourne. Reported traffic counts are approximately 37,000 vehicles per day on New Haven Avenue and 25,500 on Wickham Road. Nearby retailers include Home Depot, Lowe's, Target, Winn-Dixie and Publix. The center provides 205 paved, striped and lighted common parking spaces. Melbourne Mall, Melbourne International Airport and Downtown Melbourne are also nearby.
Key Highlights
- 1,500‑square‑foot suite with four plumbed exam rooms
- Reception and waiting area, private office, break room and two restrooms
- Wood flooring and drop ceiling throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$804,220
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,084,400
$16.1M
Cap Rate 7%
$11,488,857
$11.5M
Cap Rate 9%
$8,935,778
$8.9M
Market Conditions
NOI Build-Up for 63,900 SF
Gross rent
$1.46M $22.80/SF
− Vacancy
−$116.6K −$1.82/SF
EGI
$1.34M $20.98/SF
− OpEx
−$536.1K −$8.39/SF
NOI
$804.2K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,084,400
Cap Rate 7%
$11,488,857
Cap Rate 9%
$8,935,778
Alternative Uses
Best Use
Office B
$12.42M
$10.87M – $14.49M
NOI $869,551 @ 7.0% cap · market cap 30,036.30%
Second Best
Healthcare Medical
$11.49M
$10.05M – $13.40M
NOI $804,220 @ 7.0% cap · market cap 27,779.62%
Theoretical Best
Office A
$16.86M
$14.75M – $19.67M
NOI $1,180,105 @ 7.0% cap · market cap 40,763.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Brevard County, FL
Properties on Market for Medical Office Space in Brevard County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Sherry's Pet Salon — 4100 W New Haven Ave, Melbourne, FL 32904, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with four plumbed clinical rooms, a reception area, private office, break room and two restrooms.
Where is this medical office space located?
The property is located at 3018 W New Haven Avenue West Melbourne, FL.
What are key features of this property?
This property features: 1,500‑square‑foot suite with four plumbed exam rooms; Reception and waiting area, private office, break room and two restrooms; Wood flooring and drop ceiling throughout
