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    5700 Highway 1 Melbourne, FL 32940

    For Lease
    $24 SF/Yr

    Class A Office Suites, 1,200-4,673 SF

    Lot size:
    71,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Class A office building, located at 5700 N Hwy 1 in Melbourne, Florida, offers a variety of flexible spaces ideal for businesses of all sizes. Built in 2009, the 71,565 square foot Meridian Center Professional Center boasts a unique architectural design inspired by traditional European open studios. Large glass facades, curved panel walls, and projected panel entryways create a striking and modern aesthetic. The property is currently multi-tenant and offers suites ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,673 square feet. There are currently 5,873 square feet of vacant space available. The building features elevators for convenient access to all floors. Its prime location in Brevard County, Florida, zip code 32940, provides excellent visibility and accessibility. The property is suitable for a variety of uses, including traditional office, executive office, and medical office spaces. This is a rare opportunity to secure high-quality office space in a desirable location. Inquire today to learn more about available suites and lease terms.

    Property Features for 5700 Highway 1

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    71,565 SF
    Class
    A
    Total Rate
    143130

    Building Details

    Year Built
    2009

    Unit(s) available at that property

    Space
    1st Floor
    Size
    1,200 SF
    Rate per SF
    $24
    Space
    2nd Floor
    Size
    4,673 SF
    Rate per SF
    $24
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6619101
    Latitude
    28.2023715

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    FAQs

    What type of property is this?
    Medical office - Class A Office Suites, 1,200-4,673 SF
    Where is this medical office located?
    The property is located at 5700 Highway 1 Melbourne, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    Request Owner's contact information
    5700 Highway 1 Melbourne, FL 32940
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    Melbourne, FL 32940
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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
    5700 Highway 1 Melbourne, FL 32940
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