Lakefront-View Office
For Sale
$3,850,000
7351 Office Park Place, Melbourne, FL 32940
Move-in-ready office property with flexible work areas, meeting space, and an employee kitchen lounge.
Property Size10,849 SF
Price / SF$354.87
Days on Market49
Property Features for 7351 Office Park Place
General Information
Standard status
Active
Size
10,849 SF
Listing Agency:
SouthTrend Realty
(321) 752-1199
Listed By:
Adam Rathbun · License #601973
(321) 266-9200
Source:
Startbrevardsearch
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 9:04AM
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 SouthTrend Realty
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Investment Insights
Based on property information with market context.
This 10,849-square-foot office building at 7351 Office Park Place is configured for professional users and includes 18 perimeter offices. Eight offices have direct lakefront views, while open areas currently used for cubicle work can be adapted into additional enclosed offices. The interior and exterior are described as being in outstanding condition and ready for occupancy.
A 700-square-foot conference room includes a movable center wall, allowing the space to function as one large meeting room or two smaller conference rooms. The layout also provides a kitchen and employee lounge next to the restrooms. Positioned within a professional office setting in Melbourne, Florida, the property offers a practical configuration for office operations and adaptable workspace planning.
A 700-square-foot conference room includes a movable center wall, allowing the space to function as one large meeting room or two smaller conference rooms. The layout also provides a kitchen and employee lounge next to the restrooms. Positioned within a professional office setting in Melbourne, Florida, the property offers a practical configuration for office operations and adaptable workspace planning.
Key Highlights
- 10,849 SF office building at 7351 Office Park Place, Melbourne, FL 32940
- 18 perimeter offices, including 8 with direct lakefront views
- 700 SF conference room can divide into two smaller meeting rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,633
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,952,660
$3.0M
Cap Rate 7%
$2,109,043
$2.1M
Cap Rate 9%
$1,640,367
$1.6M
Market Conditions
NOI Build-Up for 10,849 SF
Gross rent
$234.3K $21.60/SF
− Vacancy
−$37.5K −$3.46/SF
EGI
$196.8K $18.14/SF
− OpEx
−$49.2K −$4.54/SF
NOI
$147.6K $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%
$2,952,660
Cap Rate 7%
$2,109,043
Cap Rate 9%
$1,640,367
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.46M
NOI $147,633 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,359 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready office property with flexible work areas, meeting space, and an employee kitchen lounge.
Where is this office building located?
The property is located at 7351 Office Park Place Melbourne, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 10,849 SF office building at 7351 Office Park Place, Melbourne, FL 32940; 18 perimeter offices, including 8 with direct lakefront views; 700 SF conference room can divide into two smaller meeting rooms
