Multi-Office Professional
540 N Harbor City Blvd Melbourne, FL 32935
For Sale
$539,600
Office suite features five offices, conference/reception areas, two entrances, and two bathrooms with a large parking lot.
Property Size1,857 SF
Price / SF$290.58
Days on Market277
Property Features for 540 N Harbor City Blvd
General Information
- Standard status
- Active
- Size
- 1,857 SF
Listing Agency:
HomeSmart Coastal Realty
(386) 562-1314
Listed By:
Alison Mannting · License #3369290
(386) 562-1314
Source:
Exprealty
Added: Oct 21, 2025
Changed: Jul 23
Last Checked: Jul 24 at 6:10PM
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 HomeSmart Coastal Realty
Investment Insights
Based on property information with market context.
This office property is configured as a large suite with five separate offices and conference space, along with a sizable open receptionist work area. The layout also includes a good-size waiting room and two bathrooms, with one bathroom on each side of the office. Two separate entrances support convenient access to the suite.
The property is positioned right on US 1 and is described as having very high traffic count, with a large parking lot serving visitors and employees.
Overall, the space is designed for a professional office setting with a mix of private rooms and shared front-of-house areas, backed by on-site parking.
The property is positioned right on US 1 and is described as having very high traffic count, with a large parking lot serving visitors and employees.
Overall, the space is designed for a professional office setting with a mix of private rooms and shared front-of-house areas, backed by on-site parking.
Key Highlights
- Office suite with five separate offices plus conference and reception areas
- Large open receptionist work area and a good‑size waiting room
- Two entrances for the office suite
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 | $40.1k | $21.60 |
| − Vacancy | −$6.4k | −$3.46 |
| EGI | $33.7k | $18.14 |
| − OpEx | −$8.4k | −$4.54 |
| NOI | $25.3k | $13.61 |
1,857 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$361.0K
$315.9K – $421.2K
NOI $25,270 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.9K
$428.7K – $571.6K
NOI $34,295 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael Poe Law
Law Firm
FAQs
What type of property is this?
Office units - Office suite features five offices, conference/reception areas, two entrances, and two bathrooms with a large parking lot.
Where is this office units located?
The property is located at 540 N Harbor City Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $539,600.
What are key features of this property?
This property features: Office suite with five separate offices plus conference and reception areas; Large open receptionist work area and a good‑size waiting room; Two entrances for the office suite
