404 New Hvn Ave Melbourne, FL 32901-4508
This exceptional 4,727-square-foot creative office space is available for lease in the vibrant heart of Downtown Melbourne. Situated in a building totaling 9,600 square feet, this single-tenant property offers a sleek and functional layout perfect for businesses seeking a modern and inspiring work environment. Built in 1973 and recently updated, the space boasts updated electrical systems and ample storage. The property also includes convenient bay doors. Its location provides easy access to major highways, maximizing convenience for employees and clients. The surrounding Downtown Melbourne area (DTMB) is a thriving hub of activity, boasting over 288 businesses within a one-mile radius, including 45 restaurants, 47 shops, 9 unique experiences, and numerous professional offices. This high-traffic area offers significant brand exposure and access to a diverse clientele. The area's cultural richness is further enhanced by 18 murals, 6 art galleries, and 2 theaters, creating a dynamic and attractive atmosphere. This property is ideal for startups seeking to establish a strong presence or established businesses looking to upgrade to a contemporary and inspiring workspace. The property sits on a 0.6-acre lot. The building is classified as Office, Industrial, and Special Purpose.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Melbourne, FLMelbourne. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.