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    1608 Apollo Blvd Melbourne, FL 32901

    For Sale
    $1,615,000

    1.2-acre medical building & adjacent lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity in Melbourne, Florida, presents a 1.2-acre mixed-use property encompassing a well-maintained 2011 medical building and an adjacent 0.40-acre lot. The 3,500 square foot medical building boasts five exam rooms, three bathrooms, three offices, a lunchroom, triage area, two reception offices, three exit doors, four storage rooms, and twenty parking spaces. High-quality interior finishes include solid wood doors, plantation shutters, granite countertops, and high-end cabinetry. The property also features two retention ponds, one of which is already developed on the adjacent 0.80 acres where the building sits. Located just blocks from Holmes Regional Hospital, this versatile property offers immediate use and significant long-term development potential. A fully engineered site plan for a second building and additional parking is available, providing flexibility for multiple tenants or expansion. The total lot size is 17,424 square feet. This is a rare opportunity to acquire a newer medical facility with exceptional potential for growth and diversification. The asking price is $1,615,000.

    Property Features for 1608 Apollo Blvd

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $1,615,000 asking price.
    • 17,424 square foot lot size; Mixed‑use land and building.
    • Melbourne, FL, 32901 location; 1608 S Apollo Boulevard.
    • Includes a 3,500 square foot, 2011‑built medical building and an adjacent 0.40‑acre lot with retention pond.
    • Medical building features 5 exam rooms, 3 baths, 3 offices, and ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.617802
    Latitude
    28.083634

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    FAQs

    What type of property is this?
    Mixed-use property - 1.2-acre medical building & adjacent lot
    Where is this mixed-use property located?
    The property is located at 1608 Apollo Blvd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,615,000.
    What are key features of this property?
    This property features: $1,615,000 asking price.; 17,424 square foot lot size; Mixed-use land and building.; Melbourne, FL, 32901 location; 1608 S Apollo Boulevard.
    Request Owner's contact information
    1608 Apollo Blvd Melbourne, FL 32901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1608 Apollo Blvd Melbourne, FL 32901
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