158 Harbor City BlvdMelbourne, FL 32935

Property Details for 158 Harbor City Blvd

Year built

1999

Construction

FRAME

Lot size

2.44 AC

Property size (Sq ft)

44,348 SF

Zone code

CC2

Property type

Office properties

Property subtype

Office buildings

APN

27-37-27-25-0000D.0-0001.00

APU

273727250000D0000100

Description

This exceptional Class B office building, situated on 2.44 acres at 158 N. Harbor City Blvd. in Melbourne's desirable submarket, offers stunning Indian River views. The property, totaling 34,102 square feet, boasts a recently completed renovation (2023), including a new elevator, updated fire alarms, fresh paint and sealing throughout, and a new ground-level tenant conference room. Currently, 10,588 square feet of space is available for lease on the entire third floor, offering flexible configurations to accommodate various business needs, including open cubicles, private offices, and conference rooms. The building features four stories and is zoned C-C2. Select tenants will enjoy the convenience of covered parking. The property benefits from high visibility on US Highway 1 and is strategically located approximately 3 miles from Melbourne Orlando International Airport, approximately 6 miles from I-95 at Eau Gallie Boulevard, and roughly 60 miles from Orlando International Airport. Its proximity to Melbourne's high-tech corridor adds to its appeal. Built in 1999, this property presents a unique opportunity to secure modern, well-maintained office space in a prime location with exceptional amenities and views. The APN is 27-37-27-25-D-1.

• CAP approach

  CAP return

  Valuation

  6%

  $12,188,613

  6.5%

  $11,251,028

  7%

  $10,447,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,963,966

  Geo Method

  $6,963,966

• Alternative Use

  Use

  Valuation

  Residential

  $13,951,274

  Hospitality

  $12,779,292

  Educational

  $10,632,221

  Medical

  $10,997,879

  Retail

  $16,539,011

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1099

Longitude

-80.619

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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