780 Apollo Blvd Melbourne, FL 32901
- Office buildings
- 26,856 SF
- 1.66 lot acres
Current Use by Public Records
- Brevard Symphony Orchestra / Orchestra / Entertainer
- Renee Dial / Attorney
- Johnson & Johnson / Insurance Agency
- Fun Galaxy / Gambling House
- Omni Home Care / Home Health Care Service
Property Details for 780 Apollo Blvd
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.66 lot acres
- Property size
- 26,856 SF
- Zone code
- CP
- Property type
- Office buildings
- APN
- 27-37-34-00-00289.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional two-story office building, located at 780 S Apollo Blvd in Melbourne, Florida, presents a compelling investment opportunity. Boasting a total of 26,856 square feet, the property sits on a generous 1.66 acres of land and was constructed in 1984. Currently, there is approximately 2,000 square feet of vacant office space available for lease, ideal for a variety of businesses. The building is zoned CP and features a multi-tenant configuration, offering flexibility for different occupancy needs. Its convenient location offers easy access to Melbourne International Airport and a nearby hospital, ensuring excellent accessibility for employees and clients. The property also benefits from its proximity to popular restaurants and eateries, enhancing the overall appeal and convenience for tenants. The available space is approximately 2,000 square feet and the tenant is responsible for electricity. This property represents a strong investment opportunity in a thriving area of Melbourne, Florida, with the potential for significant returns. The building's size, location, and existing infrastructure make it an attractive option for businesses seeking a well-established presence in a desirable location. The 2,000 square foot vacant space presents an immediate opportunity to generate income or expand existing operations. The 32901 zip code ensures easy access to major transportation routes and amenities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,330,000
- 6.5%
- $2,255,000
- 7%
- $2,410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,580,000
- Geo Method
- $2,540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,875,000
- Retail
- $2,940,000
- Mixed-Use
- $2,810,000
- Hospitality
- $2,775,000
- Educational
- $2,245,000
- Residential Income
- $2,780,000
- Energy
- $2,725,000
- Income-Based Land
- $2,190,000
- Food Service
- $2,465,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6202
- Latitude
- 28.0969
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
