Property profile

1301 Eau Gallie Blvd Melbourne, FL 32935

OFF-MARKET
Office buildings
Property ID
US18-3999502
13,088 SF 1.61 ac lot Built 1994
Individually Owned 36-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office space, located at 1301 W Eau Gallie Blvd in Melbourne, Florida (zip code 32935), offers a unique opportunity for medical professionals. Situated on a major thoroughfare, this property boasts convenient access to I-95 and US 1, ensuring high visibility and easy accessibility for patients and staff. The building features an upscale façade, ample parking, and a durable metal roof. Monument and building signage provide excellent branding opportunities. Currently, one suite is available, ranging from 1,000 to 1,600 contiguous square feet. Specifically, Suite 102, a 1,200 square foot space, is highlighted. This impressive suite includes a desirable loft area, creating versatile workspace. The interior is beautifully appointed, featuring solid wood doors and a thoughtful layout. The suite also includes a reception area, five private offices, a kitchenette, two restrooms (one with a shower), and a dedicated storage area. A unique rear balcony porch adds to the suite's appeal. The property is offered at a modified gross rate of $20 per square foot per year. This is a multi-tenant building in Brevard County. The minimum divisible space is 1,000 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,088 SF
Lot 1.61 ac (70,132 SF)
Zoning code C1A
APN 27-37-20-01-0000A.0-0001.00
UPID US18-3999502

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
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Foster Care Service Social Service Agency
  • Training Center
  • Mediation Service
  • Tax Preparation

Location

1301 Eau Gallie Blvd Melbourne, FL 32935-5398
Melbourne metro Census 64302 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.93M
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.39M

Owner & transaction history

since 1989
3 recorded transactions
1989
$148,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1A · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area adjacent to major streets and convenient and complementary to major commercial, industrial and transportation facilities. The types of uses permitted and o…

General category INDUSTRIAL

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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