Office Suite with Private
For Sale
Contact for pricing
4840 Dairy Road #101, Melbourne, FL 32904
Concrete-block construction, impact-rated openings, a full kitchen, and a dedicated conference room support a functional office layout.
Property Size1,250 SF
Price / SF$1.84
Days on Market297
Property Features for 4840 Dairy Road #101
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
2012
Construction
concrete block
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Jan 7
Changed: Oct 29
Last Checked: Oct 29 at 2:55PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
The 1,250-square-foot office suite was built in 2012 with concrete-block construction and impact windows and doors. Its interior includes a lobby, a full kitchen, a conference room, and three windowed private offices. Wood-stained trim, crown molding, chair rails, and upgraded lighting define the finish package.
The property is at 4840 Dairy Road in Melbourne, minutes from I-95, Melbourne Airport, and L3 Harris.
The property is at 4840 Dairy Road in Melbourne, minutes from I-95, Melbourne Airport, and L3 Harris.
Key Highlights
- 1,250‑square‑foot office suite
- Three private offices with windows
- Full kitchen, lobby, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,010
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,200
$340.2K
Cap Rate 7%
$243,000
$243.0K
Cap Rate 9%
$189,000
$189.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.0K $21.60/SF
− Vacancy
−$4.3K −$3.46/SF
EGI
$22.7K $18.14/SF
− OpEx
−$5.7K −$4.54/SF
NOI
$17.0K $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%
$340,200
Cap Rate 7%
$243,000
Cap Rate 9%
$189,000
Alternative Uses
Best Use
Office B
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 739.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 1,003.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Concrete-block construction, impact-rated openings, a full kitchen, and a dedicated conference room support a functional office layout.
Where is this office unit located?
The property is located at 4840 Dairy Road #101 Melbourne, FL.
What are key features of this property?
This property features: 1,250‑square‑foot office suite; Three private offices with windows; Full kitchen, lobby, and conference room
