This exceptional 4,472 square foot Class-A office building, constructed in 2007, presents a unique investment opportunity in the heart of Indialantic, Florida. Built with reinforced concrete and 8-inch thick concrete walls, this hurricane-proof structure ensures lasting durability and peace of mind. The building boasts high-end finishes throughout, including a well-appointed kitchenette, multiple private restrooms (including one full en-suite), a spacious conference room, and a welcoming reception/waiting area. Upstairs, a private executive office features a remarkable 430 square foot terrace offering breathtaking views of downtown Indialantic and 5th Avenue. Its prime location offers unparalleled convenience, situated just three blocks from the beach and a short 10-minute drive from Melbourne International Airport. The building sits directly off the vibrant commercial hub of 5th Avenue, surrounded by upscale businesses and flagship stores. This is a rare chance to acquire a nearly new, exceptionally well-built office building in a highly desirable location. The 0.23-acre lot provides ample space and the building's superior construction and prime location make it an ideal investment for discerning buyers seeking a strong return. Don't miss this opportunity to own a benchmark property in Indialantic.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,229,085
6.5%
$1,134,540
7%
$1,053,502
Comparable approach
Method
Valuation
Relative Method
$702,238
Geo Method
$702,238
Alternative Use
Use
Valuation
Residential
$1,406,830
Hospitality
$1,288,649
Educational
$1,072,141
Medical
$1,109,013
Retail
$1,667,774
Location Insight
City
Indialantic
County
Brevard
State
Florida
Latitude
28.0908
Longitude
-80.5727
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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