Office Unit with Executive
For Sale
$757,000
3845 W Eau Gallie Blvd Ste 101, Melbourne, FL 32935
Condominium office suite with dedicated reception, private offices, conference space, and modern interior finishes.
Property Size2,590 SF
Price / SF$292.28
Days on Market48
Property Features for 3845 W Eau Gallie Blvd Ste 101
General Information
Standard status
Active
Size
2,590 SF
Class
A
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,590 SF
Listed By:
Brian L. Lightle, CCIM, SIOR, CRE · License #FL #BK510409
(321) 863-3228
Source:
Teamlbr
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 12 at 4:59PM
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 Brian L. Lightle, CCIM, SIOR, CRE
Investment Insights
Based on property information with market context.
This 2,590 SF office condominium at 3845 W Eau Gallie Blvd Ste 101 offers a structured professional layout for business operations and client-facing use. The suite includes a reception area, executive office, six private offices, conference room, break room, dedicated IT/server room, and two restrooms. Modern construction and executive-quality interior finishes support a move-in-ready presentation, while the condominium format provides ownership rather than a leasehold interest.
Positioned on W Eau Gallie Boulevard in Melbourne, the property has immediate access to I-95, on-site parking, and prominent signage opportunities. The configuration is identified as suitable for general office, professional services, and medical-adjacent uses. Its flexible arrangement can accommodate multiple office applications within a polished commercial setting.
Positioned on W Eau Gallie Boulevard in Melbourne, the property has immediate access to I-95, on-site parking, and prominent signage opportunities. The configuration is identified as suitable for general office, professional services, and medical-adjacent uses. Its flexible arrangement can accommodate multiple office applications within a polished commercial setting.
Key Highlights
- 2,590 SF office condominium at 3845 W Eau Gallie Blvd Ste 101
- Six private offices plus an executive office and conference room
- Reception area, break room, dedicated IT/server room, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,245
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,900
$704.9K
Cap Rate 7%
$503,500
$503.5K
Cap Rate 9%
$391,611
$391.6K
Market Conditions
NOI Build-Up for 2,590 SF
Gross rent
$55.9K $21.60/SF
− Vacancy
−$9.0K −$3.46/SF
EGI
$47.0K $18.14/SF
− OpEx
−$11.7K −$4.54/SF
NOI
$35.2K $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%
$704,900
Cap Rate 7%
$503,500
Cap Rate 9%
$391,611
Alternative Uses
Best Use
Office B
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$683.3K
$597.9K – $797.2K
NOI $47,832 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Condominium office suite with dedicated reception, private offices, conference space, and modern interior finishes.
Where is this office units located?
The property is located at 3845 W Eau Gallie Blvd Ste 101 Melbourne, FL.
What is the asking price?
The asking price for this property is $757,000.
What are key features of this property?
This property features: 2,590 SF office condominium at 3845 W Eau Gallie Blvd Ste 101; Six private offices plus an executive office and conference room; Reception area, break room, dedicated IT/server room, and two restrooms
