Second-Floor Office
321 Ocean Avenue #209, Melbourne Beach, FL 32951
For Sale
Contact for pricing
Open interior layout with a private bathroom and air conditioning maintained by the landlord.
Property Size8,746 SF
Price / SF$0.18
Days on Market130
Property Features for 321 Ocean Avenue #209
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Amenities
private bathroom
air conditioning
Building Details
Year Built
Listing Agency:
Fraser Group, Inc
Listed By:
Kim Fraser · License FL #702955
(321) 917-3289
Source:
Mccoyfreeman
Added: Jul 6
Changed: Nov 11
Last Checked: Nov 12 at 10:00AM
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 offers 8,746 square feet of open-plan space, a private bathroom, and air conditioning. The landlord handles air-conditioning maintenance, and water is included.
Restaurants, the beach, and the river are each within one block of the property.
Restaurants, the beach, and the river are each within one block of the property.
Key Highlights
- 8,746 square feet of open office space
- Private bathroom and air conditioning
- Landlord maintains the air‑conditioning; water is included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,488
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,389,760
$2.4M
Cap Rate 7%
$1,706,971
$1.7M
Cap Rate 9%
$1,327,644
$1.3M
Market Conditions
NOI Build-Up for 8,746 SF
Gross rent
$173.2K $19.80/SF
− Vacancy
−$13.9K −$1.58/SF
EGI
$159.3K $18.22/SF
− OpEx
−$39.8K −$4.55/SF
NOI
$119.5K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,389,760
Cap Rate 7%
$1,706,971
Cap Rate 9%
$1,327,644
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,488 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,523 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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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
$495,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Brevard County, FL
Properties on Market for Office Units in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Open interior layout with a private bathroom and air conditioning maintained by the landlord.
Where is this office unit located?
The property is located at 321 Ocean Avenue #209 Melbourne Beach, FL.
What are key features of this property?
This property features: 8,746 square feet of open office space; Private bathroom and air conditioning; Landlord maintains the air‑conditioning; water is included
