Updated Medical Office
315 E Strawbridge Avenue Melbourne, FL 32901
315 E Strawbridge Avenue, Melbourne, FL, 32901
$499,900
For Sale
$499,900
SINGLE_FAMILY - Melbourne, FL
Property Size1,496 SF
Lot Size0.17 Acres
Price / SF$334.16
Days on Market182
Property Features for 315 E Strawbridge Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Guest, Parking Lot
- Fencing
- Fenced, Privacy
- Standard status
- Active
- APN
- 28-37-03-33-00002.0-0002.00
- Size
- 1,496 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WELLS MAP NO 3 N 60 FT OF LOTS 2,3 ALL LOT 6 BLK 2 EX HWY R/W
- Tax Annual Amount
- 4837
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Membrane
Listing Agency
LIV Signature Real Estate, LLC
(321) 241-4429
540 Montreal Ave, Melbourne, FL
Listed by
Anthony M Romero · License #695178
(321) 917-7450
Added: Jan 16 Checked: Jul 17 at 8:06 am
MLS# 1066709
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated standalone medical office building offers a welcoming lobby and expansive reception area, along with three private offices. The interior includes modern tile flooring, recessed lighting, and granite and marble surfaces, with remodeled restrooms. Central A/C supports day-to-day comfort, and a fenced, paver stone patio provides outdoor space for staff breaks or seating.
The property is located in downtown Melbourne, positioned on US-192 with approximately 200 feet of highway frontage. Six dedicated parking spaces are available, including one ADA space.
The building is described as turnkey and is listed with C-1 zoning, supporting a range of commercial uses within the C-1 classification.
The property is located in downtown Melbourne, positioned on US-192 with approximately 200 feet of highway frontage. Six dedicated parking spaces are available, including one ADA space.
The building is described as turnkey and is listed with C-1 zoning, supporting a range of commercial uses within the C-1 classification.
Key Highlights
- 1,492 SF standalone medical office with lobby, expansive reception, three private offices, and remodeled restrooms
- C‑1 zoning for versatile commercial use
- Approx. 200 ft of highway frontage on US‑192 with parking lot and 6 dedicated spaces (including 1 ADA)
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 | $32.3k | $21.60 |
| − Vacancy | −$5.2k | −$3.46 |
| EGI | $27.1k | $18.14 |
| − OpEx | −$6.8k | −$4.54 |
| NOI | $20.4k | $13.61 |
1,496 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 4.07%
Second Best
Healthcare Medical
$269.0K
$235.4K – $313.8K
NOI $18,828 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,628 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Florida Green MD
Medical Clinic
Liv Melbourne Wellness ...
Spa & Massage Center
MedAesthetics
Spa & Massage Center
Bella Mia Mobile ...
Spa & Massage Center
Similar For Sale Nearby
Similar Off Market Nearby
- Strubbe Todd DVM — Melbourne, FL 32904
FAQs
What type of property is this?
Medical Office Space - Standalone medical office features a lobby, reception area, private offices, and remodeled restrooms with central A/C.
Where is this medical office space located?
The property is located at 315 E Strawbridge Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,492 SF standalone medical office with lobby, expansive reception, three private offices, and remodeled restrooms; C‑1 zoning for versatile commercial use; Approx. 200 ft of highway frontage on US‑192 with parking lot and 6 dedicated spaces (including 1 ADA)
