Second-Floor Office
904 E New Haven Avenue, Melbourne, FL 32901
For Sale
Contact for pricing
Private offices surround a flexible open area with a dedicated kitchen and restroom.
Property Size6,148 SF
Price / SF$0.98
Days on Market53
Property Features for 904 E New Haven Avenue
General Information
Standard status
Size
Additional Details
Floor
Amenities
private kitchen
private restroom
Listing Agency:
Reach Commercial Real Estate
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Startbrevardsearch
Added: Sep 18
Changed: Nov 1
Last Checked: Nov 8 at 5:42AM
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 Reach Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located at 904 E New Haven Avenue, this second-floor office suite provides 6,148 square feet of professional workspace in Downtown Melbourne. The layout features twelve private offices along with a substantial open area that can accommodate meetings, team workspace, or training functions.
The suite also includes a private kitchen and restroom. Access is provided by stairs, offering a straightforward configuration for professional office operations and shared workplace activities. Its combination of enclosed offices and adaptable open space supports a range of office-based layouts within a single suite.
The suite also includes a private kitchen and restroom. Access is provided by stairs, offering a straightforward configuration for professional office operations and shared workplace activities. Its combination of enclosed offices and adaptable open space supports a range of office-based layouts within a single suite.
Key Highlights
- 6,148‑square‑foot second‑floor office suite
- Twelve private offices
- Large open area for meetings, team workspace, or training
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,994
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,880
$1.7M
Cap Rate 7%
$1,199,914
$1.2M
Cap Rate 9%
$933,267
$933.3K
Market Conditions
NOI Build-Up for 6,148 SF
Gross rent
$121.7K $19.80/SF
− Vacancy
−$9.7K −$1.58/SF
EGI
$112.0K $18.22/SF
− OpEx
−$28.0K −$4.55/SF
NOI
$84.0K $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%
$1,679,880
Cap Rate 7%
$1,199,914
Cap Rate 9%
$933,267
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,994 @ 7.0% cap · market cap 1,399.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,493 @ 7.0% cap · market cap 2,091.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
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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 Units in Melbourne, FL
Properties on Market for Office Units in Melbourne
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices surround a flexible open area with a dedicated kitchen and restroom.
Where is this office unit located?
The property is located at 904 E New Haven Avenue Melbourne, FL.
What are key features of this property?
This property features: 6,148‑square‑foot second‑floor office suite; Twelve private offices; Large open area for meetings, team workspace, or training
