Office Unit with Conference
For Sale
Contact for pricing
7185 Murrell Road #101b, Melbourne, FL 32940
A flexible workspace combines private offices, an open bullpen, and a full kitchenette.
Property Size3,200 SF
Price / SF$2.23
Days on Market52
Property Features for 7185 Murrell Road #101b
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
2001
Listing Agency:
One Sotheby's International
(321) 259-2993
Listed By:
The Ellis Group
(321) 480-9703
Source:
Mccoyfreeman
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 29 at 2:45PM
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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Investment Insights
Based on property information with market context.
This 3,200-square-foot office unit, built in 2001, includes a lobby and waiting area, a conference room, three private offices, and an open bullpen with cubicles. A full kitchenette serves the breakroom. Separate men's and women's restrooms each have a shower; additional features include a storage closet with utility sink, carpeted floors, and windows that bring natural light into the space.
The office is at 7185 Murrell Road #101b in Melbourne, just off Murrell Road in Viera East. The property offers access to Viera roadways, businesses, dining, and amenities.
The office is at 7185 Murrell Road #101b in Melbourne, just off Murrell Road in Viera East. The property offers access to Viera roadways, businesses, dining, and amenities.
Key Highlights
- 3,200 square feet; built in 2001
- Conference room, three private offices, and open bullpen with cubicles
- Lobby and waiting area, plus a 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 - A flexible workspace combines private offices, an open bullpen, 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 feet; built in 2001; Conference room, three private offices, and open bullpen with cubicles; Lobby and waiting area, plus a breakroom with full kitchenette
