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Property profile & analytics
OFF-MARKET Estimated value $685,000
Office buildings

311 6th Ave Indialantic, FL 32903-4301

1,659 SF 0.23 ac lot Built 1958
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US19-0427104
Property summary
AI-generated overview

This exceptional free-standing office building presents a unique investment opportunity in the thriving Indialantic, Florida market. Located just one block south of the vibrant downtown area and a mere two blocks from the beach, this property enjoys unparalleled visibility and accessibility. The 0.23-acre lot houses a concrete block structure featuring five private offices, a welcoming reception area, ample storage space, and a convenient kitchenette. On-site parking ensures ease of access for both staff and clients. The functional layout is ideal for a variety of professional office or medical uses, capitalizing on the area's low retail vacancy rate (below 3%). Its strategic location offers strong foot traffic and proximity to Downtown Melbourne, Brevard County's largest employment hub, only two miles away. The building boasts a newer roof (installed in 2013), contributing to its excellent condition and minimizing future maintenance needs. Furthermore, the versatile zoning allows for either commercial or single-family development, presenting significant potential for future expansion or alternative uses, enhancing the long-term value of this exceptional investment. This turnkey property is ready for immediate occupancy and offers a compelling blend of location, functionality, and future development potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1958
Construction WOOD
Total area 1,659 SF
Lot 0.23 ac (10,019 SF)
Zoning code RP
APN 27-38-31-EO-00016.0-0009.00
UPID US19-0427104
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$467k
Blend (final) Blend
$685k
Owner & transaction history
Sapphire Sands LLC · 1 yrs held
Sapphire Sands LLC
since 2025
Last sale
$655,000
7 recorded transactions
2025
$655,000
2022
$565,000
2012
Price N/A
2007
$356,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RP · Indialantic, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Map
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