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Property profile

321 Ocean Ave 206 Melbourne Beach, FL 32951

FOR SALE
Office buildings
Property ID
US18-5541532
10,819 SF 0.83 ac lot Built 1979
Last sale Dec 2015 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Office Unit 209 is located on the second floor of a commercial building constructed in 1979 at 321 Ocean Avenue in Melbourne Beach. The unit has an open interior layout, includes a private bathroom, and is equipped with air conditioning. Building services include maintenance of the air-conditioning system and water service. The property is situated at an intersection near restaurants, with the beach and river within approximately one block.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$843k
Assessed land$617k
Assessed improvement$227k
Effective rate1.60%

Value estimate

· Oct 2026
$1.29M
$1.16M – $1.41M
Submarket $/SF estimate$1.52M
NOI build-up
Gross scheduled income$189k
Vacancy & credit loss−$30k
Operating expenses−$40k
NOI · 5,621.92% cap applied$119k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$200/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$140 – $294

Cap rate analysis

How does the asset earn?
5,621.92%
$119k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop14.9
Building Supply14.6
Dental Office13.9

Location

321 Ocean Ave, Unit 206 Melbourne Beach, FL 32951
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 11 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2990 Hwy A1a, Melbourne Beach, FL 32951-2800 $1,000,000 Sep 2024 3,872 SF
301 Ocean, Melbourne Beach, FL 32951-2516 $1,025,000 Jul 2021 6,416 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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