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129 Hibiscus Blvd Melbourne, FL 32901-3029

OFF-MARKET Office buildings Google Maps
29,398 SF 1.96 ac lot Built 1981
Entity Owned ~ Est. High Equity
Estimated value (blended)
$2.72M
Range $2.45M – $2.99M (±10%)
Property ID US18-0621066

Property summary

AI-generated overview

This exceptional executive office suite, located at 129 W Hibiscus Blvd in Melbourne, Florida, presents a fantastic opportunity for a single tenant. Built in 1981, the property offers 2,000 square feet of immediately available space, perfect for a business seeking a prestigious and efficient workspace. The single-tenant occupancy ensures privacy and control over the entire space. The property's address is conveniently situated in Melbourne, FL, zip code 32901, offering easy access to local amenities and transportation networks. The building's classic design provides a professional and established image for your business. This is an ideal location for businesses seeking a well-maintained and readily available office space in a desirable area of Melbourne. The property's size is currently listed at 2,000 square feet, although the listing indicates a potential for expansion up to 4,000 square feet. This flexibility allows for growth and adaptation to changing business needs. The property is classified as an executive office suite, suggesting a higher level of finish and amenities than standard office spaces. This presents a unique opportunity to establish a strong and impressive business presence in a thriving Florida community. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional office space. The property's geographic coordinates are 28.0844283 latitude and -80.6247999 longitude.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 29,398 SF
Lot 1.96 ac (85,378 SF)
Zoning code C2
APN 28-37-04-01-0000D.0-0001.00
UPID US18-0621066

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
  • Production Facility Textile Manufacturer
  • Physician Medical Clinic
  • Law Firm
  • Drug Testing Service
  • Life Coach

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.36M
Blend (final) Blend
$2.72M

Owner & transaction history

since 2026
Last sale
$2.5M
6 recorded transactions
2026
Price N/A
2026
Price N/A
2025
$2.5M
2022
$3.2M
2007
$764,100
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL

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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