Financial
Distress signals
Property profile

8060 Spyglass Hill Rd Melbourne, FL 32940

FOR LEASE
Medical Office Space
Property ID
US18-0561190
20,361 SF 4.91 ac lot Built 1997
Last sale Oct 2021 · $45,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office building in a campus setting with a total of 19,131 square feet of office space. It is located near the Viera Surgical Center and other medical practices. The interior layout includes a reception area, three conference rooms, 22 private offices, a large open office area, and an employee lounge. The office space is configurable into two suites, with smaller space options as small as 7,342 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$63k
Tax billed · 2023
Assessed value$3.54M
Assessed land$741k
Assessed improvement$2.80M
Effective rate1.79%

Value estimate

· Sep 2026
$50k
$45k – $55k
AI approach$320k
NOI build-up
Gross scheduled income$413k
Vacancy & credit loss−$66k
Operating expenses−$87k
NOI · 1,335,051.28% cap applied$260k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
Submarket average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$96 – $212

Cap rate analysis

How does the asset earn?
1,335,051.28%
$260k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
BU-2
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply27.2
Wholesale Shop24.9
Hair Salon18.6

Location

8060 Spyglass Hill Rd Melbourne, FL 32940
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
640 Classic Ct, Melbourne, FL 32940-8279 $2,250,000 May 2025 9,739 SF
32 Suntree, Melbourne, FL 32940-7689 $820,000 Oct 2023 4,708 SF
650 Classic, Melbourne, FL 32940-8278 $887,000 Dec 2021 2,888 SF
5484 Lorkey, Melbourne, FL 32940-8731 $1,231,500 Sep 2021 No data
7905 Wickham, Melbourne, FL 32940-7918 $450,000 Jul 2021 3,522 SF
1371 Bedford, Melbourne, FL 32940-1975 $700,000 Jan 2019 3,861 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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