Two-Building Office
800 E Melbourne Avenue, Melbourne, FL 32901
For Sale
New
$995,000
Two separate structures offer office layouts, including a former pharmacy configuration and a second suite with reception and kitchenette.
Property Size3,100 SF
Lot Size0.34 Acres
Price / SF$320.97
Days on Market3
Property Features for 800 E Melbourne Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Condition
Road Access
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Liv Signature Real Estate LLC
Listed By:
Anthony M Romero · License FL #695178
(321) 917-7450
Source:
Lehmannflorida
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
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 Liv Signature Real Estate LLC
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Investment Insights
Based on property information with market context.
This office property consists of two freestanding buildings on a 0.34-acre corner parcel. The 2,300-square-foot building is configured with a pharmacy, laboratory, and offices. A second building provides approximately 700 square feet with three offices, a reception area, kitchenette, and full bathroom. The property was built in 1948.
The site has frontage on both Melbourne Avenue and Waverly Place in downtown Melbourne’s business district. It is zoned C-3 / Mixed Use, with future use identified for multifamily, residential, and commercial purposes. Hotel Melby Tapestry Collection is a two-minute walk away.
The site has frontage on both Melbourne Avenue and Waverly Place in downtown Melbourne’s business district. It is zoned C-3 / Mixed Use, with future use identified for multifamily, residential, and commercial purposes. Hotel Melby Tapestry Collection is a two-minute walk away.
Key Highlights
- Two freestanding office buildings on a 0.34‑acre corner lot
- Approximately 2,300 square feet with pharmacy, lab, and office build‑out
- Approximately 700 square feet with three offices, reception, kitchenette, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,352
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,040
$847.0K
Cap Rate 7%
$605,029
$605.0K
Cap Rate 9%
$470,578
$470.6K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$61.4K $19.80/SF
− Vacancy
−$4.9K −$1.58/SF
EGI
$56.5K $18.22/SF
− OpEx
−$14.1K −$4.55/SF
NOI
$42.4K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,040
Cap Rate 7%
$605,029
Cap Rate 9%
$470,578
Alternative Uses
Best Use
Office B
$605.0K
$529.4K – $705.9K
NOI $42,352 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$904.0K
$791.0K – $1.05M
NOI $63,277 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Melbourne, FL
Properties on Market for Office buildings in Melbourne
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two separate structures offer office layouts, including a former pharmacy configuration and a second suite with reception and kitchenette.
Where is this office building located?
The property is located at 800 E Melbourne Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two freestanding office buildings on a 0.34‑acre corner lot; Approximately 2,300 square feet with pharmacy, lab, and office build‑out; Approximately 700 square feet with three offices, reception, kitchenette, and full bathroom
