Multi-Unit Office
47 W New Haven Ave Melbourne, FL 32901
For Sale
$799,000
Two-story, multi-unit office building with separate electric metering and ample illuminated parking.
Property Size3,294 SF
Price / SF$242.56
Days on Market227
Property Features for 47 W New Haven Ave
General Information
Standard status
Active
Size
3,294 SF
Listing Agency:
The Ullian Realty Corporation
(321) 750-3439
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Exprealty
Added: Dec 12, 2025
Changed: Jul 22
Last Checked: Jul 22 at 9:25AM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
Two-story multi-unit office building totaling 3,294 SF, with the first floor at 1,539 SF and the second floor at 1,755 SF. Each level includes a reception area and office space, along with dedicated conference rooms. The interior features drop ceilings and a mix of vinyl tile and carpet, plus storage/mechanical rooms on the first floor. There are two restrooms per level, and both floors have lots of windows for natural light. Each unit is individually metered for electric, and there is one water meter.
The building is located directly on New Haven Avenue, an immediate connector between Interstate 95, US1, and the Beaches. A FDOT traffic count lists 44,500 vehicles per day on New Haven Avenue. Close by are Downtown Melbourne, the Melbourne International Airport, Melbourne Square Mall, and Holmes Regional Medical Center.
On-site parking consists of 15 paved, striped, illuminated spaces, supporting convenient customer and employee access.
The building is located directly on New Haven Avenue, an immediate connector between Interstate 95, US1, and the Beaches. A FDOT traffic count lists 44,500 vehicles per day on New Haven Avenue. Close by are Downtown Melbourne, the Melbourne International Airport, Melbourne Square Mall, and Holmes Regional Medical Center.
On-site parking consists of 15 paved, striped, illuminated spaces, supporting convenient customer and employee access.
Key Highlights
- 3,294 SF two‑story multi‑unit office building on New Haven Avenue
- 1st floor: 1,539 SF with reception, 3 offices, conference room, 2 storage/mechanical rooms, and 2 restrooms
- 2nd floor: 1,755 SF with reception, 5 offices, large conference room, break room, and 2 restrooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $21.60 |
| − Vacancy | −$11.4k | −$3.46 |
| EGI | $59.8k | $18.14 |
| − OpEx | −$14.9k | −$4.54 |
| NOI | $44.8k | $13.61 |
3,294 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$640.4K
$560.3K – $747.1K
NOI $44,825 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.1K
$760.4K – $1.01M
NOI $60,834 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-story, multi-unit office building with separate electric metering and ample illuminated parking.
Where is this office units located?
The property is located at 47 W New Haven Ave Melbourne, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,294 SF two‑story multi‑unit office building on New Haven Avenue; 1st floor: 1,539 SF with reception, 3 offices, conference room, 2 storage/mechanical rooms, and 2 restrooms; 2nd floor: 1,755 SF with reception, 5 offices, large conference room, break room, and 2 restrooms
