Property profile

334 4th Ave Indialantic, FL 32903

OFF-MARKET
Office buildings
Property ID
US18-0185243
4,472 SF 0.23 ac lot Built 2007
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,472 square foot Class-A office building, constructed in 2007, presents a unique investment opportunity in the heart of Indialantic, Florida. Built with reinforced concrete and 8-inch thick concrete walls, this hurricane-proof structure ensures lasting durability and peace of mind. The building boasts high-end finishes throughout, including a well-appointed kitchenette, multiple private restrooms (including one full en-suite), a spacious conference room, and a welcoming reception/waiting area. Upstairs, a private executive office features a remarkable 430 square foot terrace offering breathtaking views of downtown Indialantic and 5th Avenue. Its prime location offers unparalleled convenience, situated just three blocks from the beach and a short 10-minute drive from Melbourne International Airport. The building sits directly off the vibrant commercial hub of 5th Avenue, surrounded by upscale businesses and flagship stores. This is a rare chance to acquire a nearly new, exceptionally well-built office building in a highly desirable location. The 0.23-acre lot provides ample space and the building's superior construction and prime location make it an ideal investment for discerning buyers seeking a strong return. Don't miss this opportunity to own a benchmark property in Indialantic.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,472 SF
Lot 0.23 ac (10,019 SF)
Zoning code RP
APN 27-38-31-EO-00013.0-0021.00
UPID US18-0185243

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

334 4th Ave Indialantic, FL 32903-4214
Indialantic metro Census 66200 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.00M
Comparable Approach Comparable
$852k
Blend (final) Blend
$260k

Owner & transaction history

since 2005
3 recorded transactions
2006
Price N/A
2005
$64,700
1969
Price N/A

Zoning & alternative use

RP · Indialantic, FL
Top alternative use upside
Commercial (general) $1.1M +25.5%
Auto repair, garage $930,000 +10.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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