Technical
Financial
Distress signals
Property profile

1800 Hibiscus Blvd Melbourne, FL 32901

OFF-MARKET
Strip malls
Property ID
US18-2212624
34,726 SF 6.67 ac lot Built 1986
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

Located on West Hibiscus Boulevard in Melbourne, Florida (zip code 32901), this exceptional property offers 1,500 to 4,750 square feet of versatile commercial space ideal for a variety of office uses, including traditional, medical, or creative office settings. The space is currently configured as office space with a semi-open layout, featuring a large central area, several private offices boasting floor-to-ceiling windows, a convenient breakroom, and a restroom. The adaptable design allows for easy subdivision to accommodate specific tenant needs. Situated amidst mature oak trees, this property benefits from high traffic counts and excellent signage visibility, enhancing its marketing potential. A secluded courtyard adds to the property's unique appeal. The building is multi-tenant. This premium space presents a rare opportunity to establish a presence in a desirable Melbourne location. The address is 1800 W Hibiscus Blvd. The property is available for lease. The total building square footage is not currently specified.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,726 SF
Lot 6.67 ac (290,545 SF)
Zoning code M1
APN 27-37-32-00-00510.0-0000.00
UPID US18-2212624

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
  • Grocery & Convenience Store Specialty Food Shop
  • Cinema Theater & Performing Art Venue
  • Business Service Center Corporate Office
  • Accounting Firm Tax Preparation
  • Medical Clinic

Location

1800 Hibiscus Blvd Melbourne, FL 32901-2629
Melbourne metro Census 64702 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.73M
Blend (final) Blend
$3.44M

Owner & transaction history

since 2007
2 recorded transactions
2022
Price N/A
2007
Price N/A

Zoning & alternative use

M1 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and which can serve intensive commercial uses and light manufacturing, warehousing, dis…

General category INDUSTRIAL
Top alternative use upside
Medical building $5.6M +16.9%

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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