Flexible-Layout Office
401 Ocean Avenue #105, Melbourne Beach, FL 32951
For Sale
Contact for pricing
A coastal office setting in Melbourne Beach supports professional and creative use.
Property Size11,242 SF
Price / SF$0.23
Days on Market192
Property Features for 401 Ocean Avenue #105
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Property Use
Building Details
Year Built
Listing Agency:
D. Basile Real Estate, LLC
(321) 751-4500
Listed By:
Renee Andrea Rader · License #3425937
(321) 266-5767
Source:
Mccoyfreeman
Added: May 2
Changed: Nov 8
Last Checked: Nov 8 at 9:30AM
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 D. Basile Real Estate, LLC
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.
Suite 105 is an office property at 401 Ocean Avenue in Melbourne Beach, Florida. Its layout accommodates professional or creative use, and the building dates to 1979. The property is listed at 11,242 square feet.
The address places the suite within Melbourne Beach’s beachside community, near local businesses and major roadways.
The address places the suite within Melbourne Beach’s beachside community, near local businesses and major roadways.
Key Highlights
- 11,242‑square‑foot office property
- Suite 105 at 401 Ocean Avenue, Melbourne Beach, FL 32951
- Building constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,588
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,071,760
$3.1M
Cap Rate 7%
$2,194,114
$2.2M
Cap Rate 9%
$1,706,533
$1.7M
Market Conditions
NOI Build-Up for 11,242 SF
Gross rent
$222.6K $19.80/SF
− Vacancy
−$17.8K −$1.58/SF
EGI
$204.8K $18.22/SF
− OpEx
−$51.2K −$4.55/SF
NOI
$153.6K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,071,760
Cap Rate 7%
$2,194,114
Cap Rate 9%
$1,706,533
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,588 @ 7.0% cap · market cap 6,025.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,472 @ 7.0% cap · market cap 9,002.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 32951, FL
11,525
Population
7,720
Households
1.5
Avg Household Size
61
Median Age
52%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
1,423
Density / Sq Mi
$88,859
Median Household Income
$53,281
Median Earnings
$1,690
Median Rent
$495,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Brevard County, FL
Properties on Market for Office Units in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A coastal office setting in Melbourne Beach supports professional and creative use.
Where is this office unit located?
The property is located at 401 Ocean Avenue #105 Melbourne Beach, FL.
What are key features of this property?
This property features: 11,242‑square‑foot office property; Suite 105 at 401 Ocean Avenue, Melbourne Beach, FL 32951; Building constructed in 1979
