Prominent Office
325 5th Avenue Indialantic, FL 32903
325 5th Avenue, Indialantic, FL, 32903
$3,300,000
For Sale
$3,300,000
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 Market50
Property Features for 325 5th Avenue
General Information
- Standard status
- Active
- Size
- 21,569 SF
- Lot size
- 1.03 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1964
Listing agency
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed by
Hayden Brouillette
Source
Teamlbr
Added: Jun 2 Updated: Jul 21 at 7:18AM Checked: Jul 21 at 7:18AM
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 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
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 | $465.9k | $21.60 |
| − Vacancy | −$74.5k | −$3.46 |
| EGI | $391.3k | $18.14 |
| − OpEx | −$97.8k | −$4.54 |
| NOI | $293.5k | $13.61 |
21,569 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
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
