Professional Office
New
For Sale
Contact for pricing
7185 Murrell Road 101b, Melbourne, FL 32940
The interior combines private workrooms, shared bullpen space, a conference room, and a full kitchenette.
Property Size3,200 SF
Price / SF$2.23
Days on Market6
Property Features for 7185 Murrell Road 101b
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Property Use
Office
Listing Agency:
One Sotheby's International
(321) 259-2993
Listed By:
The Ellis Group
(321) 480-9703
Source:
Startbrevardsearch
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 8:39AM
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 One Sotheby's International
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,200-square-foot office suite in Viera East is arranged with a lobby and waiting area, a conference room, three private offices, and an open bullpen with cubicles. The space also includes a breakroom with a full kitchenette, separate men's and women's restrooms with showers, and a storage closet equipped with a utility sink. Windows bring natural light into the carpeted interior.
The property is just off Murrell Road, with access to Viera's major roadways, businesses, dining, and amenities.
The property is just off Murrell Road, with access to Viera's major roadways, businesses, dining, and amenities.
Key Highlights
- 3,200‑square‑foot professional office suite
- Lobby and waiting area, conference room, three private offices, and open bullpen with cubicles
- Breakroom with full kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,546
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,920
$870.9K
Cap Rate 7%
$622,086
$622.1K
Cap Rate 9%
$483,844
$483.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$11.1K −$3.46/SF
EGI
$58.1K $18.14/SF
− OpEx
−$14.5K −$4.54/SF
NOI
$43.5K $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%
$870,920
Cap Rate 7%
$622,086
Cap Rate 9%
$483,844
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 609.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 827.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 32940, FL
44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The interior combines private workrooms, shared bullpen space, a conference room, and a full kitchenette.
Where is this office unit located?
The property is located at 7185 Murrell Road 101b Melbourne, FL.
What are key features of this property?
This property features: 3,200‑square‑foot professional office suite; Lobby and waiting area, conference room, three private offices, and open bullpen with cubicles; Breakroom with full kitchenette
