690 Thomas Barbour Drive, Melbourne, FL 32935
Zoned for single-tenant office use, this SF tenant space offers flexibility for an established or relocating business.
- Added:
- Jun 25, 2024
- Days on Market:
- 729
- Last Refresh:
- Jun 15 at 7:59 am
Property Features for 690 Thomas Barbour Drive
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- Office
Building Details
- Year Built
- 1951
Listing agent Ellingson Properties (321) 536-1461
Listing office (321) 536-1461
Listing date Jun 25, 2024
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Ellingson Properties
HighLights
- Single‑family (SF) tenant office space with zoning for single‑tenant office use
- Year built: 1951
- Membrane roof
- Parking available on‑site: lot parking
- Heating listed as “3”
Overview
The property is located at 690 Thomas Barbour Drive in Melbourne, Florida, and the remarks describe convenient access to beaches, river boat launches, tennis, shopping, and dining. The surrounding area is positioned as an amenity-rich setting for office users and visitors.
For a tenant or buyer seeking a dedicated office environment, the single-tenant zoning is a practical fit for businesses that want control over their premises. The space is also presented as a relocation option for local operations, or as a location that can be built out to better match a specific office layout. Interested parties should schedule an appointment to review the space and confirm build-out considerations in line with the property’s single-tenant office zoning.
Local 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 | $33.5k | $21.60 |
| − Vacancy | −$5.4k | −$3.46 |
| EGI | $28.1k | $18.14 |
| − OpEx | −$7.0k | −$4.54 |
| NOI | $21.1k | $13.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6272713
- Latitude
- 28.1183308
