For Sale
1 / 50
$2,900,000
2725 Center Pl, Melbourne, FL 32940
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Estimated value (blended)
$2.62M
Range $2.35M – $2.88M (±10%)
Implied cap rate
5.70%
In-place · NOI ÷ last sale
Property ID
US18-3924956
Property summary
AI-generated overview
This exceptional first-floor office space, located in Melbourne, Florida's desirable Pineda corridor, offers 2,250 to 4,500 square feet of versatile workspace. The suite boasts seven private offices, three open areas perfect for workstations or cubicles, ample storage, and an executive suite complete with a private bathroom. This traditional, executive, and creative office space is situated in a professional two-story building, providing convenient access to I-95 and nearby beaches. Included in the lease are shared amenities such as a breakroom, restrooms, a well-equipped conference room, and the services of an on-site receptionist. The property also features abundant parking and prominent monument signage. This is a gross lease with utilities as the only additional expense
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
21,593 SF
Lot
2.06 ac (89,734 SF)
Zoning code
IU
APN
26-37-30-50-00000.0-0005.00
UPID
US18-3924956
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
-
Consultant
-
Advertising Agency Marketing & Advertising
-
Advertising Agency Marketing & Advertising
-
Real Estate Agency
-
Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.57M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.62M
Owner & transaction history
since 2021
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
IU · Melbourne, FL
Top alternative use upside
Retail stores
$3.7M
+32.8%
Medical building
$3.5M
+23.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.62M
Value range
$2.35M – $2.88M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
Income certainty
100
$2.35M
blend $2.62M
$2.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,593 SF
Lot area
2.06 ac
Year built
1986
Stories
2
APN
26-37-30-50-00000.0-0005.00
Assessed value
$2,002,090
Annual tax
$27,852
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.29M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.48M
@ 6.5% CAP return
$2.29M
@ 7% CAP return
$2.13M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,852
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.75M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.1 mi away · 25,760 SF
6.2 mi away · 16,208 SF
14.6 mi away · 18,080 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 107 sales
$129
-6%
County 178 sales
$125
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+33%
vs current-use indication
Medical Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.70%
Selected cap rate for this warehouses
Derived from the Melbourne market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$206k *
Last sale · Sep 2021
$2.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.62M
Move the market yield to see immediate price impact.
Value / SF
$167
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.20%5.70%6.20%
$186k
$3.57M
$3.25M
$2.99M
$206k
$3.96M
$3.62M
$3.32M
$227k
$4.36M
$3.98M
$3.66M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.90M
2.9 mi · Sep 2025 · $95/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,852
Tax year 2023
Assessed value
$2,002,090
Assessed 2023
Previous assessed
$1,982,560
+1.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$296,100
Assessed improvement
$1,705,990
Land market value
$296,100
Improvement market value
$1,705,990
Total market value
$2,002,090
Applied tax rate
4,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
21,593 SF
Lot
2.06 ac (89,734 SF)
Zoning code
IU
APN
26-37-30-50-00000.0-0005.00
UPID
US18-3924956
Jurisdiction
BREVARD
Zoning & alternative use
IU · Melbourne, FLZoning IU · permitted uses
IU · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IU
Jurisdiction
Melbourne, FL
Recorded code
IU
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