1995 Nasa BlvdMelbourne, FL 32904

Property Details for 1995 Nasa Blvd

Year built

1991

Construction

CONCRETE

Lot size

6.66 AC

Property size (Sq ft)

40,464 SF

Zone code

M1

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

27-37-31-00-00006.0-0000.00

APU

9223372036854775807

Description

This exceptional 36,000-square-foot medical office building in Melbourne, Florida, presents a compelling investment opportunity. Located in Brevard County's central healthcare/tech corridor at 1995 W NASA Blvd, zip code 32904, this single-unit property boasts a desirable NNN lease structure. The asking price is $9,000,000, translating to $250 per square foot. Built in 1991, the building features a 10,000-square-foot Medicare-approved ambulatory surgery center, currently leased through 2027. The remaining space is owner-operated and includes multiple reception and waiting areas, business centers, break rooms, exam rooms, nurses' stations, men's and women's locker rooms, billing, HR, accounting offices, a gym, workshop, storage, and ADA-compliant bathrooms. The property sits on a substantial 6.6-acre lot with ample parking, offering potential for future expansion. The building features a membrane roof and is connected to public sewer. Showings require 24-hour notice. The sale includes both the building and the land

• CAP approach

  CAP return

  Valuation

  6%

  $10,870,908

  6.5%

  $10,034,685

  7%

  $9,317,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,307,171

  Geo Method

  $7,307,171

• Alternative Use

  Use

  Valuation

  Residential

  $12,729,421

  Hospitality

  $11,660,081

  Educational

  $9,701,051

  Medical

  $10,034,685

  Retail

  $15,090,523

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.095

Longitude

-80.6565

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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