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    690 Thomas Barbour Dr Melbourne, FL 32935

    For Sale
    $399,000

    Prime Melbourne office, 10,000+ sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional single-tenant office building at 690 Thomas Barbour Drive in Melbourne, Florida, presents a unique investment opportunity. Built in 1951, the property boasts a generous 10,018.8 square foot lot, offering ample space and potential for expansion or redevelopment. Currently configured as a single-unit office space, it's ideally suited for a business seeking a prominent location in the desirable Ballard Park area. The property's zoning allows for single-tenant office use, providing flexibility for a variety of business types. Its convenient location offers easy access to beaches, river boat launches, tennis courts, shopping, and dining, making it an attractive proposition for both employees and clients. The asking price is $399,000. This property presents a rare chance to acquire a well-situated office building in a thriving Florida community, with the potential to tailor the space to meet specific business needs. The property's existing structure provides a solid foundation for immediate occupancy or a comprehensive renovation to create a modern and efficient workspace. The ample lot size allows for future expansion or the addition of complementary structures. Located in Brevard County, Florida, with a zip code of 32935, this property offers a blend of established charm and convenient access to a wide range of amenities.

    Property Features for 690 Thomas Barbour Dr

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1951
    Units
    1

    HighLights

    • 10,018.8 SF lot in Melbourne, FL.
    • Single‑tenant office building, 32935 zip code.
    • $399,000 asking price.
    • Located in the desirable Ballard Park area.
    • Zoned for single‑tenant office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6273091
    Latitude
    28.1183458

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Melbourne office, 10,000+ sq ft lot.
    Where is this office property / space located?
    The property is located at 690 Thomas Barbour Dr Melbourne, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 10,018.8 SF lot in Melbourne, FL.; Single-tenant office building, 32935 zip code.; $399,000 asking price.
    Request Owner's contact information
    690 Thomas Barbour Dr Melbourne, FL 32935
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    Melbourne, FL 32935
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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
    690 Thomas Barbour Dr Melbourne, FL 32935
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