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Property profile & analytics

311 6th Ave Indialantic, FL 32903-4301

  • Office buildings
  • 1,659 SF
  • 0.23 lot acres
OFF-MARKET
Last Sale
May 23, 2025
$655,000
Value Estimations
$685,000
Show details
Cap Rate Potential
3.5%
Office buildings
Location Intelligence
Property ID
US19-0427104
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 311 6th Ave

Year built
1958
Construction
WOOD
Lot size
0.23 lot acres
Property size
1,659 SF
Zone code
RP
Property type
Office buildings
APN
27-38-31-EO-00016.0-0009.00
APU
273831EO000160000900

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $690,000
    ML approach
    $735,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $467,000
    Market price range: $214k - $467k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Indialantic
County
Brevard
State
Florida
Longitude
-80.5712
Latitude
28.0893
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,526
$175,000
$300,000
$475,000
-
$175,000
$300,000
$475,000
More about this property
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