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    1990 New Haven Ave Melbourne, FL 32904

    • Office buildings
    • 57,187 SF
    • 2.36 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $3,310,000
    Last Sale
    Jul 10, 2020
    $3,419,200
    Location Intelligence
    Property ID
    US18-5234806
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chase Mortgage / Mortgage Lender
    • Brewer Behavioral Health / Psychologist
    • Chase Bank / Bank / Atm
    • Square Deal Gold Buyers / Gold Dealer
    • Edward J. Kinberg / Attorney

    Property Details for 1990 New Haven Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.36 lot acres
    Property size
    57,187 SF
    Zone code
    CP
    Property type
    Office buildings
    APN
    28-37-05-00-00259.0-0000.00
    APU
    9223372036854775807

    Description

    This exceptional three-story office building, the Melbourne Financial Center, presents a compelling investment opportunity in a vibrant Florida location. Situated on a 2.36-acre lot at 1990 W New Haven Ave, Melbourne, FL 32904, this 45,000± square foot property offers a variety of executive office suites and larger spaces, with a minimum divisible area of 927 square feet. Currently, 7,720 square feet of space is available. Built in 1985, the building boasts two elevators and two external staircases providing convenient access to all three floors. Ample parking is available for tenants and visitors. The common areas have undergone a complete renovation, presenting a modern and inviting atmosphere. The property is zoned CP and benefits from its proximity to shopping and restaurants, making it an attractive location for businesses and employees alike. This is an excellent chance to acquire a well-maintained, strategically located office building with significant potential for growth and return on investment. Various floor plans are available to accommodate diverse business needs. The property's strong location and updated amenities make it an ideal choice for businesses seeking a professional and convenient workspace.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,330,000
      6.5%
      $3,240,000
      7%
      $3,720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,500,000
      Geo Method
      $3,540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,675,000
      Retail
      $3,460,000
      Mixed-Use
      $3,640,000
      Hospitality
      $2,930,000
      Educational
      $3,310,000
      Residential Income
      $3,440,000
      Energy
      $3,545,000
      Income-Based Land
      $2,930,000
      Food Service
      $3,805,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.653
    Latitude
    28.0795
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $60,192
    $1,336,430
    $1,946,230
    $3,282,660
    -
    $1,336,430
    $1,946,230
    $3,282,660

    Comparable in this City

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      OFFICE BUILDING • 8,569 SF
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    • Value Estimation
      $405,000
      6,026 SF

      2110 Dairy Rd Ste, Unit 102

      OFFICE BUILDING • 6,026 SF
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    • Value Estimation by Request
      1,800 SF

      7608 Silver Sands Rd

      OFFICE BUILDING • 1,800 SF
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    • Value Estimation
      $360,000
      1,862 SF

      3960 Minton Rd

      OFFICE BUILDING • 1,862 SF
      3960 Minton Rd, Melbourne, FL 32904-9558
      View Details

    Similar Nearby for Sale

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      Well-maintained commercial property in prime Palm Bay location.
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      Melbourne Industrial Land Parcel

      0.7-Acre Industrial Lot, $420K
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    Similar Nearby for Lease

    • $2,395,000
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      Office Building with Expansion Potential

      Office building for rent with room for expansion.
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    • $16 SF/Yr
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      Melbourne Office Building Investment Opportunity

      Executive Suites, Prime Location, Ample Parking
      1990 New Haven Ave, Melbourne, FL 32904
      View Details
    • $17 SF/Yr
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      Melbourne Retail & Office Space

      Prime 3,000 SF Single-Tenant Retail/Office
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    • $23 SF/Yr
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      West Melbourne Office Space

      1,500 SF Office, High Traffic Area
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      View Details
    • $15 SF/Yr
      2,184 SF

      Office Space in West Melbourne

      Office space available in a well-maintained West Melbourne location.
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      View Details
    • $27 SF/Yr
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      Prime Office Space, US 192

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    1990 New Haven Ave
    Melbourne, FL 32904
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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
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