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Property profile & analytics
OFF-MARKET Estimated value $6,705,000
Strip malls

3440 Hbr City Blvd Melbourne, FL 32935-5713

53,744 SF 6.61 ac lot Built 1989
Entity Owned ~ Est. High Equity
Property ID
US18-6003162
Property summary
AI-generated overview

Rivercrest Professional Center offers two exceptional medical office suites for lease, ideally situated on US-1 just south of Pineda Causeway, providing convenient access to I-95. The building totals 4,140 square feet, with both suites currently vacant and immediately available. Suite 3542 encompasses 1,740 square feet and boasts a well-designed layout featuring a reception area, a spacious open area, and a private office. This suite is perfect for a practice requiring a combination of open and private spaces. Suite 3526 offers 1,200 square feet of flexible space, including an open area, multiple private offices, and a restroom. Both suites are adaptable to various medical specialties. The minimum divisible space is 1,740 square feet, with a maximum contiguous space of 1,740 square feet. The property is a multi-tenant building, offering a collaborative environment. The rental rate is $15.00 per square foot, triple net (NNN). This prime location ensures high visibility and easy accessibility for patients and staff. Don't miss this opportunity to establish or expand your medical practice in a thriving area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 53,744 SF
Lot 6.61 ac (287,932 SF)
Zoning code CP
APN 27-37-05-00-00789.0-0000.00
UPID US18-6003162
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
Current use
Occupant on record · Public records
  • Mulberry Lane Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.33M
Blend (final) Blend
$6.71M
Owner & transaction history
3440-3594 N Harbor Rivercrest LLC
3440-3594 N Harbor Rivercrest LLC
since 2026
Last sale
$6.5M
5 recorded transactions
2026
$5.0M
2022
$6.5M
2017
$5.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $8.6M +16.9%
Retail stores $7.9M +6.7%
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