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Office Suite with Open Workspace
For Lease
$1,687/Mo

401 Ocean Avenue 203, Melbourne Beach, FL 32951

A private office and open work area allow for flexible workspace arrangements.

Space SizeContact for details
Property Size12,000 SF
Days on Market257

Property Features for 401 Ocean Avenue 203

General Information

Standard status Active
Size 12,000 SF
Property subtype Office

Space & Availability

Space Use Office
Private Offices 1

Additional Details

Utilities Included in Rent water, sewer

Taxes and HOA fees

Annual Taxes $21,582

Building Details

Building Size 12,000 SF
Year Built 1979
Listing Agency: D. Basile Real Estate, LLC
Listed By: Louie Polsinelli · License #3030685
Source: Mvpsalesgroup
Added: Feb 20 Changed: Nov 2 Last Checked: Oct 30 at 2:07AM

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

Rey
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Investment Insights

Based on property information with market context.

Suite 203 is an office unit with a private office, an open work area and abundant natural light. The layout can accommodate different workspace configurations. The property was built in 1979.

At 401 Ocean Avenue in Melbourne Beach, the suite is near major roadways, local businesses and the beachside community. Water and sewer service are included in the rent; the tenant pays for electricity.

Key Highlights

  • Suite 203 at 401 Ocean Avenue in Melbourne Beach
  • Private office paired with open work area
  • Natural light in the suite

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Dental Office Hair Salon Restaurant Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

314
Businesses Nearby

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

Lease Benchmarks for Melbourne Beach, FL

$6.24 /SF/Yr
Avg Asking Price
$2.17–$17 /SF/Yr
Price Range
7,198 SF
Avg Space Size

This space is priced 73% below the average of $6.24 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - A private office and open work area allow for flexible workspace arrangements.
Where is this office unit located?
The property is located at 401 Ocean Avenue 203 Melbourne Beach, FL.
What is the lease rate?
The lease rate is $1,687/Mo.
What are key features of this property?
This property features: Suite 203 at 401 Ocean Avenue in Melbourne Beach; Private office paired with open work area; Natural light in the suite
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