1500 Eau Gallie BlvdMelbourne, FL 32935

Property Details for 1500 Eau Gallie Blvd

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.95 AC

Property size (Sq ft)

23,150 SF

Zone code

C1A

Property type

Office properties

Property subtype

Office buildings

APN

27-37-17-00-00762.0-0000.00

APU

9223372036854775807

Description

HBCA Professional Suites offers 3,560 square feet of versatile office space in a Class B building, renovated in 2022. The property features 18 suites, ranging from a minimum of 100 square feet to a maximum contiguous space of 2,231 square feet, perfect for businesses of all sizes. Multiple tenancy options are available, catering to diverse needs, from executive offices to coworking spaces and creative office layouts. The building boasts ample parking with 50+ spaces, ensuring convenient access for tenants and clients. Located in a high-traffic area of Melbourne, near the intersection of Eau Gallie and Apollo, this property benefits from excellent visibility and accessibility. Utilities such as power and water are included in the competitive rental rates, starting at $400 per month. The "plug-and-play" setup allows for immediate occupancy, minimizing downtime and maximizing productivity. The zoning is designated for office use, ensuring compliance and suitability for various business operations. This is an exceptional opportunity for businesses seeking a well-maintained, conveniently located, and cost-effective office space in a thriving Melbourne commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $6,362,550

  6.5%

  $5,873,124

  7%

  $5,453,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,635,244

  Geo Method

  $3,635,244

• Alternative Use

  Use

  Valuation

  Residential

  $7,282,674

  Hospitality

  $6,670,890

  Educational

  $5,550,102

  Medical

  $5,740,978

  Retail

  $8,633,492

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1293

Longitude

-80.6446

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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