1160 Broadband DrMelbourne, FL 32901

Property Details for 1160 Broadband Dr

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

3,108 SF

Property type

Office properties

APN

27-37-32-00-00501.H-0000.00

APU

2737320000501H000000

Description

This single-tenant, Class A office space totals 1,513 square feet within a larger 2,695 square foot building situated on a 0.78-acre lot in Melbourne, Florida. Built in 2008 and extensively renovated in 2023, the property boasts a desirable location in an upscale office park, providing easy access to major employers, primary roadways, restaurants, beaches, downtown Melbourne, and the Melbourne airport. The interior features a spacious layout with abundant natural light, a convenient kitchen/break room, and an ADA-compliant bathroom. The property is zoned C-2 and offers a versatile environment suitable for a variety of businesses. The address is 1160 Broadband Dr, Melbourne, FL 32901, with a cross street of Nasa Blvd. The property's APN is 27-37-32-00-501.I. This is a traditional, creative, and executive office space all in one, making it an ideal location for a variety of businesses. The building is one story and is part of a larger complex. The property is located in the Brevard County submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $854,203

  6.5%

  $788,495

  7%

  $732,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $488,049

  Geo Method

  $488,049

• Alternative Use

  Use

  Valuation

  Residential

  $977,734

  Hospitality

  $895,599

  Educational

  $745,128

  Medical

  $770,754

  Retail

  $1,159,088

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0907

Longitude

-80.6469

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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