1500 Eau Gallie Blvd Melbourne, FL 32935-5452
- Office buildings
- 23,150 SF
- 1.95 lot acres
Current Use by Public Records
- Family Empowerment Project / Charitable Organization / Social Service Agency
- Florida Department of Corrections / Government Office
- Space Coast USBC Bowling Association / Bowling Alley
- Nearby Mobile Locksmith Melbourne FL / Locksmith
- Home Builders & Contractors Association of Brevard / Charitable Organization / Social Service Agency
Property Details for 1500 Eau Gallie Blvd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.95 lot acres
- Property size
- 23,150 SF
- Zone code
- C1A
- Property type
- Office buildings
- APN
- 27-37-17-00-00762.0-0000.00
- APU
- 9223372036854775807
Description
HBCA Professional Suites offers 3,560 square feet of versatile office space in a Class B building, renovated in 2022. The property features 18 suites, ranging from a minimum of 100 square feet to a maximum contiguous space of 2,231 square feet, perfect for businesses of all sizes. Multiple tenancy options are available, catering to diverse needs, from executive offices to coworking spaces and creative office layouts. The building boasts ample parking with 50+ spaces, ensuring convenient access for tenants and clients. Located in a high-traffic area of Melbourne, near the intersection of Eau Gallie and Apollo, this property benefits from excellent visibility and accessibility. Utilities such as power and water are included in the competitive rental rates, starting at $400 per month. The "plug-and-play" setup allows for immediate occupancy, minimizing downtime and maximizing productivity. The zoning is designated for office use, ensuring compliance and suitability for various business operations. This is an exceptional opportunity for businesses seeking a well-maintained, conveniently located, and cost-effective office space in a thriving Melbourne commercial district.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,600,000
- 6.5%
- $5,170,000
- 7%
- $4,800,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,196,000
- AI Estimate
- $3,082,000
Market price range: $3.13M - $9.54MMarket price range: $2.28M - $5.31M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,420,000 Current use
- COMMERCIAL (GENERAL)
- $7,170,000 Change: +12% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,175,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6446
- Latitude
- 28.1293
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA