Property profile

930 S Harbor City Blvd 504 Melbourne, FL 32901

FOR SALE
Office buildings
Property ID
US18-5963923
74,189 SF 4.39 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional sublease opportunity presents eight executive office spaces, ranging from 90 to 388 square feet, located on the fourth floor of the prestigious Riverside Center in Melbourne, Florida. Enjoy breathtaking views of the Indian River from your private office within this Class B building, boasting a total of 68,079 square feet situated on a 4.39-acre lot. The building, constructed in 1985 and zoned C2, offers a convenient and professional work environment. The sublease includes access to shared amenities such as a conference room and a common area kitchen. Utilities are included in the rental rate, providing cost predictability and convenience. Tenants are responsible for their own internet service. While only 220 square feet are currently vacant, this presents a unique chance to secure a prime location within a well-established building in Brevard County. The multiple tenancy structure ensures a vibrant and collaborative atmosphere. This is an ideal solution for businesses seeking efficient, well-appointed office space with stunning views and convenient shared amenities. Don't miss this chance to establish your business in a desirable Melbourne location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1985
Construction FRAME
Total area 74,189 SF
Lot 4.39 ac (191,228 SF)
Zoning code C2
APN 27-37-34-EP-0000A.0-0018.01
UPID US18-5963923

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
  • Production Facility Factory
  • Loan Service Bank
  • Loan Service Bank
  • Advertising Agency Marketing & Advertising
  • Insurance Agency

Location

930 S Harbor City Blvd, Unit 504 Melbourne, FL 32901
Melbourne metro Census 64800 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.57M
Comparable Approach Comparable
$12.02M
Blend (final) Blend
$12.16M

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2020
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $16.6M +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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message