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115 Hickory St Melbourne, FL 32904

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Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 542-square-foot office space is ideally situated on the second floor of a two-story building at 115 Hickory Street. The property boasts a convenient single-tenant occupancy, eliminating the complexities of shared spaces. The suite includes one bathroom, adding to its functionality and privacy. Access is effortless thanks to the building's on-site elevator. Located on a 0.46-acre lot (APN: 28-36-01-04-0000a.1-0000.00), this property offers unparalleled convenience with its prime location just off US 192. This strategic position provides quick access to major transportation arteries, including I-95, US1, and HWY A1A, as well as the Melbourne International Airport, ensuring seamless commutes and efficient logistics. The rental rate includes water, trash, sewer, and common area maintenance, minimizing operational expenses and maximizing value. This turnkey solution presents a rare opportunity for businesses seeking a well-appointed, conveniently located office space in a thriving area. The building consists of only one suite, offering a unique sense of privacy and control.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Holding Company
  • Construction Company
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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