Prominent Office
For Sale
$3,300,000
325 5th Avenue, Indialantic, FL 32903
For sale office building on 1.03 acres with ample parking, a functional layout, and strong in-place tenancy.
Property Size21,569 SF
Lot Size1.03 Acres
Price / SF$152
Days on Market96
Property Features for 325 5th Avenue
General Information
Standard status
Active
Size
21,569 SF
Class
A
Lot size
1.03 Acres
Property subtype
Office
Building Details
Building Size
21,569 SF
Year Built
1964
Listing Agency:
Lightle Beckner Robison Inc
Listed By:
Hayden Brouillette · License #SL3587660
(321) 722-0707
Source:
Teamlbr
Added: Jun 2
Changed: Aug 31
Last Checked: Sep 5 at 7:08AM
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 Lightle Beckner Robison Inc
Investment Insights
Based on property information with market context.
325 5th Avenue is an office property offered for sale in Indialantic, featuring 21,569 rentable square feet on 1.03 acres. The building is presented as having a highly functional layout and ample parking, designed to support day-to-day operations.
The property is described as one of the most prominent office assets in the beachside market, with strong in-place tenancy already in position.
Ideal for investors and owner-users, this asset combines substantial rentable space with an existing tenant base within a beachside office setting.
The property is described as one of the most prominent office assets in the beachside market, with strong in-place tenancy already in position.
Ideal for investors and owner-users, this asset combines substantial rentable space with an existing tenant base within a beachside office setting.
Key Highlights
- Office building built in 1964
- 21,569 rentable SF on 1.03 acres
- Functional layout with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$293,511
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,870,220
$5.9M
Cap Rate 7%
$4,193,014
$4.2M
Cap Rate 9%
$3,261,233
$3.3M
Market Conditions
NOI Build-Up for 21,569 SF
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.
Gross rent
$465.9K $21.60/SF
− Vacancy
−$74.5K −$3.46/SF
EGI
$391.3K $18.14/SF
− OpEx
−$97.8K −$4.54/SF
NOI
$293.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,870,220
Cap Rate 7%
$4,193,014
Cap Rate 9%
$3,261,233
Alternative Uses
Best Use
Office B
$4.19M
$3.67M – $4.89M
NOI $293,511 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,336 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 32903, FL
13,880
Population
7,469
Households
1.9
Avg Household Size
52
Median Age
51%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
3,856
Density / Sq Mi
$101,549
Median Household Income
$55,718
Median Earnings
$1,700
Median Rent
$495,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - For sale office building on 1.03 acres with ample parking, a functional layout, and strong in-place tenancy.
Where is this office building located?
The property is located at 325 5th Avenue Indialantic, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Office building built in 1964; 21,569 rentable SF on 1.03 acres; Functional layout with ample parking
