Flex Space with Overhead
For Sale
Contact for pricing
3195 New York Avenue 13, Melbourne, FL 32934
Commercial space includes water, sewer, trash service, and exterior maintenance.
Property Size4,800 SF
Price / SF$1.17
Days on Market47
Property Features for 3195 New York Avenue 13
General Information
Standard status
Active
Size
4,800 SF
Additional Details
Utilities to Site
Yes
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Meili Viera Porter · License #3215665
(321) 848-7344
Source:
Startbrevardsearch
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 19 at 6:17AM
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 Waterman Real Estate Inc.
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 flex space at 3195 New York Avenue, 13, includes three hand-operated overhead doors that support direct access to the building. The property also includes water, sewer, and trash service, along with exterior maintenance. These included services simplify ongoing occupancy for a range of commercial operations.
Key Highlights
- Three hand‑operated overhead doors
- Water, sewer, and trash service included
- Exterior maintenance included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,333
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,660
$586.7K
Cap Rate 7%
$419,043
$419.0K
Cap Rate 9%
$325,922
$325.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$43.2K $9.00/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$41.9K $8.73/SF
− OpEx
−$12.6K −$2.62/SF
NOI
$29.3K $6.11/SF
Area
Brevard County, FL
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,660
Cap Rate 7%
$419,043
Cap Rate 9%
$325,922
Alternative Uses
Best Use
Flex RnD
$700.1K
$612.6K – $816.8K
NOI $49,009 @ 7.0% cap · market cap 875.16%
Second Best
Warehouse
$472.5K
$413.4K – $551.2K
NOI $33,072 @ 7.0% cap · market cap 590.57%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,646 @ 7.0% cap · market cap 1,582.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32934, FL
18,355
Population
7,987
Households
2.3
Avg Household Size
51
Median Age
42%
College-Educated
94%
High-School Grad
22.9 sq mi
ZIP Area
802
Density / Sq Mi
$102,871
Median Household Income
$51,988
Median Earnings
$1,782
Median Rent
$392,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial space includes water, sewer, trash service, and exterior maintenance.
Where is this flex space located?
The property is located at 3195 New York Avenue 13 Melbourne, FL.
What are key features of this property?
This property features: Three hand‑operated overhead doors; Water, sewer, and trash service included; Exterior maintenance included
