Renovated Stand-Alone Office
For Sale
Contact for pricing
390 Poinciana Drive, Melbourne, FL 32935
Updated lighting, fresh paint, large windows, and a private parking lot enhance the property’s business-ready setting.
Property Size1,725 SF
Price / SF$2.03
Days on Market83
Property Features for 390 Poinciana Drive
General Information
Standard status
Active
Size
1,725 SF
Amenities
ample parking
spacious floor plan
high-end finishes
updated lighting
freshly painted interiors
large windows
Building Details
Buildings
1
Listing Agency:
Relentless Real Estate Co.
Listed By:
Scott Loveridge · License #3058836
(321) 302-0763
Source:
Startbrevardsearch
Added: Jul 25
Changed: Oct 11
Last Checked: Oct 14 at 10:47PM
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 Relentless Real Estate Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This stand-alone office building at 390 Poinciana Drive has undergone renovation with updated lighting, freshly painted interiors, and upgraded finishes. Large windows bring natural light into the space while providing street visibility. The interior offers a spacious layout that can be adapted for office operations or retail-oriented use.
A private parking lot provides on-site parking for customers and employees. The property is positioned in Midtown Melbourne within a high-traffic area, with access to major roads and nearby businesses. Its location and flexible interior configuration support businesses seeking a visible standalone setting.
A private parking lot provides on-site parking for customers and employees. The property is positioned in Midtown Melbourne within a high-traffic area, with access to major roads and nearby businesses. Its location and flexible interior configuration support businesses seeking a visible standalone setting.
Key Highlights
- Renovated stand‑alone office building in Midtown Melbourne
- Private parking lot for customers and employees
- Spacious interior layout adaptable for office or retail‑oriented use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,888
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,760
$397.8K
Cap Rate 7%
$284,114
$284.1K
Cap Rate 9%
$220,978
$221.0K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$31.1K $18.00/SF
− Vacancy
−$2.6K −$1.53/SF
EGI
$28.4K $16.47/SF
− OpEx
−$8.5K −$4.94/SF
NOI
$19.9K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,760
Cap Rate 7%
$284,114
Cap Rate 9%
$220,978
Alternative Uses
Best Use
Office B
$335.3K
$293.4K – $391.2K
NOI $23,474 @ 7.0% cap · market cap 670.69%
Second Best
Retail
$284.1K
$248.6K – $331.5K
NOI $19,888 @ 7.0% cap · market cap 568.23%
Theoretical Best
Office A
$455.1K
$398.2K – $531.0K
NOI $31,857 @ 7.0% cap · market cap 910.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
616
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated lighting, fresh paint, large windows, and a private parking lot enhance the property’s business-ready setting.
Where is this office building located?
The property is located at 390 Poinciana Drive Melbourne, FL.
What are key features of this property?
This property features: Renovated stand‑alone office building in Midtown Melbourne; Private parking lot for customers and employees; Spacious interior layout adaptable for office or retail‑oriented use
