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Property profile & analytics
FOR SALE
Office buildings
525 N Harbor City Blvd Melbourne, FL 32935
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4044255
For Sale
1 / 67
$1,795,000
525 N Harbor City Blvd, Melbourne, FL 32935
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Property summary
AI-generated overview
This exceptional commercial real estate offering presents a rare opportunity to acquire two office buildings situated on a combined 0.74 acres of land in Melbourne, Florida. The property, encompassing 525 N Harbor City Boulevard and 701 Thomas Barbour Drive, boasts a prime location at the corner of US Highway 1 and Thomas Barbour Drive, ensuring unparalleled visibility and accessibility. Each building features its own separate address, tax account ID, and parcel ID. The combined lot size totals 32,234.4 square feet, providing ample space for parking and potential future development. Built in 1973, these single-story structures offer a total of two units, ideal for a variety of professional office and service businesses. The property's zoning allows for a range of commercial uses. Its strategic location offers close proximity to major area hospitals and Melbourne International Airport, making it an attractive investment for businesses seeking convenient access to key infrastructure and a strong workforce. The asking price for this combined property is $2,349,000, representing a significant opportunity in the thriving Melbourne commercial market. This is a turnkey investment with excellent potential for immediate income generation and long-term appreciation. The ample parking and high visibility make this a truly exceptional opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,828 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C1A
APN
27-37-21-EM-00001.0-0001.00
UPID
US18-4044255
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
-
Nance | Cacciatore Law Firm
-
Nance Cacciatore: John N. Hamilton Law Firm
-
Nance Cacciatore: Barger Charles G Law Firm
-
Cacciatore Sam Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.39M
Owner & transaction history
525 N Harbor City LLC · 1 yrs held
525 N Harbor City LLC
since 2025
1 recorded transaction
Zoning & alternative use
C1A · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+11.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,895,000
Current use
COMMERCIAL (GENERAL)
$2,115,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,525,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$203 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,960
Tax year 2023
Assessed value
$669,620
Assessed 2023
Previous assessed
$646,550
+3.6% YoY
Effective rate
1.94%
On assessed value
Assessed land
$160,650
Assessed improvement
$508,970
Land market value
$160,650
Improvement market value
$508,970
Total market value
$669,620
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,828 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C1A
APN
27-37-21-EM-00001.0-0001.00
UPID
US18-4044255
Jurisdiction
BREVARD
Zoning & alternative use
C1A · Melbourne, FL
Zoning C1A · permitted uses
C1A · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
525 N Harbor City LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7380 MURRELL RD STE #200, MELBOURNE, FL 32940-8130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
—
525 N Harbor City LLC
Brian G Fisher
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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