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600 Strawbridge Ave Melbourne, FL 32901-4617

OFF-MARKET Office buildings Google Maps
3,125 SF 0.42 ac lot Built 1954
Individually Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$365k
Range $329k – $402k (±10%)
Property ID US18-0510495

Property summary

AI-generated overview

This exceptional 200-square-foot retail space, located in Acclaim Court, presents a unique opportunity for a single tenant. Situated on a 0.42-acre lot, this single-story building boasts a desirable C3 zoning classification. The property features one large rectangular office suite (16'7" x 11'8"), perfect for a professional seeking a move-in ready space. Rent includes all CAM expenses, high-speed Spectrum internet, taxes, building insurance, maintenance, janitorial services, electricity, water, sewer, trash pickup, and a security system – a true gross lease. Tenants enjoy 24/7 access to a spacious lobby, kitchen, bathrooms, and conference room. The building is exceptionally well-maintained, featuring a strong concrete structure with zero hurricane damage since 1999, and benefits from 17 parking spaces and attractive landscaping. Free marquis sign space is available for enhanced visibility. The professional atmosphere is further enhanced by existing tenants, including attorneys and financial advisors, indicating a stable and desirable location. The average tenant occupancy exceeds 10 years, highlighting the property's appeal and long-term value. This is an all-inclusive opportunity for a professional seeking a convenient and fully-equipped office space. The APN is 28-37-03-01-00039.0-0011.00.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,125 SF
Lot 0.42 ac (18,295 SF)
Zoning code C3
APN 28-37-03-01-00039.0-0011.00
UPID US18-0510495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Financial Advisor
  • Financial Advisor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
$700k
Comparable Approach Comparable
$769k
Blend (final) Blend
$365k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2020
Price N/A
2009
Price N/A
1969
Price N/A

Zoning & alternative use

C3 · Melbourne, FL
Zoning description

This district is intended to apply to the central commercial, professional, financial, governmental and civic core of the city. Lot and building regulations are intended to permit intensive development of the area and to…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $970,000 +77.3%
Auto repair, garage $700,000 +27.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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