1101 Hibiscus Blvd West Melbourne, FL 32901
- Office buildings
- 20,110 SF
- 2.34 lot acres
Current Use by Public Records
- Somnomedics / Medical Laboratory
- Veda Salon / Hair Salon
- Sutton Place Salon / Hair Salon / Hair Care
- EveryBody Massage / Sports Massage Therapist / Massage Therapist
- IGC Realty Rental Management / Real Estate Agency / Property Management Company
Property Details for 1101 Hibiscus Blvd
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.34 lot acres
- Property size
- 20,110 SF
- Zone code
- C1
- Property type
- Office buildings
- APN
- 28-37-05-00-00001.1-0000.00
- APU
- 9223372036854775807
Description
The Hibiscus Business Center, located at 1101 W Hibiscus Blvd, West Melbourne, FL 32901, offers exceptional executive office space in a prime Brevard County location. This two-building complex, built in 1978, comprises 32,135 total square feet and features 6 suites, with 4,620 square feet currently vacant. Units range from a minimum of 460 square feet to a maximum contiguous space of 1,800 square feet, perfect for businesses of various sizes. The property sits on a 2.34-acre lot and is zoned C1. Amenities include convenient common areas such as restrooms, hallways, elevators, stairwells, and attractive garden seating areas with water fountains. Its strategic location provides easy access to shopping, dining, Melbourne International Airport, and major Brevard County employers. Public transportation is readily available with bus stops conveniently located near the property, complete with a signalized crosswalk. This multi-tenant property offers a blend of traditional and professional office spaces, ideal for a variety of businesses seeking a well-maintained and conveniently located office environment in West Melbourne's thriving submarket.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,185,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,545,000
- 6.5%
- $3,065,000
- 7%
- $2,880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,205,000
- Geo Method
- $2,875,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,450,000
- Retail
- $2,665,000
- Mixed-Use
- $2,920,000
- Hospitality
- $2,835,000
- Educational
- $3,025,000
- Residential Income
- $2,825,000
- Energy
- $2,290,000
- Income-Based Land
- $3,050,000
- Food Service
- $2,615,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.639
- Latitude
- 28.0849
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
