Second-Floor Office
For Sale
Contact for pricing
321 Ocean Avenue 206, Melbourne Beach, FL 32951
Open-plan office space with a private restroom, air conditioning, and water service included.
Property Size8,746 SF
Price / SF$0.24
Days on Market97
Property Features for 321 Ocean Avenue 206
General Information
Standard status
Active
Size
8,746 SF
Additional Details
Floor
2
Utilities to Site
Yes
Listing Agency:
Fraser Group, Inc
Listed By:
Kim Fraser · License #702955
(321) 917-3289
Source:
Startbrevardsearch
Added: Jul 15
Changed: Oct 15
Last Checked: Oct 19 at 6:18AM
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 Fraser Group, Inc
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Investment Insights
Based on property information with market context.
This second-floor office unit at 321 Ocean Avenue, Suite 209, provides 8,746 square feet of open interior space. The premises include a private bathroom and air conditioning, with the landlord responsible for maintaining the system.
Water service is included. The property is positioned at an intersection in Melbourne Beach, with several restaurants, the beach, and the river located within one block.
Water service is included. The property is positioned at an intersection in Melbourne Beach, with several restaurants, the beach, and the river located within one block.
Key Highlights
- 8,746‑square‑foot second‑floor office unit
- Open interior layout ready for configuration
- Private bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,016
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,380,320
$2.4M
Cap Rate 7%
$1,700,229
$1.7M
Cap Rate 9%
$1,322,400
$1.3M
Market Conditions
NOI Build-Up for 8,746 SF
Gross rent
$188.9K $21.60/SF
− Vacancy
−$30.2K −$3.46/SF
EGI
$158.7K $18.14/SF
− OpEx
−$39.7K −$4.54/SF
NOI
$119.0K $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%
$2,380,320
Cap Rate 7%
$1,700,229
Cap Rate 9%
$1,322,400
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $119,016 @ 7.0% cap · market cap 5,621.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,521 @ 7.0% cap · market cap 7,629.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 32951, FL
11,525
Population
7,720
Households
1.5
Avg Household Size
61
Median Age
52%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
1,423
Density / Sq Mi
$88,859
Median Household Income
$53,281
Median Earnings
$1,690
Median Rent
$495,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan office space with a private restroom, air conditioning, and water service included.
Where is this office unit located?
The property is located at 321 Ocean Avenue 206 Melbourne Beach, FL.
What are key features of this property?
This property features: 8,746‑square‑foot second‑floor office unit; Open interior layout ready for configuration; Private bathroom included
