Multi-Office Building with
New
For Sale
$539,600
540 N Harbor City Blvd, Melbourne, FL 32935
Configured with multiple private work areas, dual entrances, two bathrooms, and a dedicated waiting room.
Property Size1,857 SF
Price / SF$290.58
Days on Market4
Property Features for 540 N Harbor City Blvd
General Information
Standard status
Active
Size
1,857 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1952
Listing Agency:
HomeSmart Coastal Realty
Listed By:
Alison Mannting · License #3369290
(386) 562-1314
Source:
Greaterorlandohomesforsale
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 1 at 5:01PM
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 offers five separate office or conference spaces along with an open reception and work area. A sizable waiting room serves the front portion of the layout, while two separate entrances provide access from both sides. Each side of the office has its own bathroom, creating a practical arrangement for day-to-day operations. Interior finishes include laminate and carpet, with electric fixtures and ceiling fans.
The property includes a large parking lot and is positioned directly on US 1 in Melbourne. The address is within a Historic Area, and the building dates to 1952. Its visible US 1 setting and dedicated parking are notable physical characteristics of the property.
The property includes a large parking lot and is positioned directly on US 1 in Melbourne. The address is within a Historic Area, and the building dates to 1952. Its visible US 1 setting and dedicated parking are notable physical characteristics of the property.
Key Highlights
- Five separate offices or conference spaces
- Open receptionist and work area with a sizable waiting room
- Two separate entrances and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$505,400
$505.4K
Cap Rate 7%
$361,000
$361.0K
Cap Rate 9%
$280,778
$280.8K
Market Conditions
NOI Build-Up for 1,857 SF
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.
Gross rent
$40.1K $21.60/SF
− Vacancy
−$6.4K −$3.46/SF
EGI
$33.7K $18.14/SF
− OpEx
−$8.4K −$4.54/SF
NOI
$25.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$505,400
Cap Rate 7%
$361,000
Cap Rate 9%
$280,778
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Configured with multiple private work areas, dual entrances, two bathrooms, and a dedicated waiting room.
Where is this office building 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: Five separate offices or conference spaces; Open receptionist and work area with a sizable waiting room; Two separate entrances and two bathrooms
