8060 Spyglass Hill RdMelbourne, FL 32940

Property Details for 8060 Spyglass Hill Rd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.91 AC

Property size (Sq ft)

20,361 SF

Zone code

BU-2

Property type

Medical offices

Property subtype

Medical space

APN

26-36-10-04-00000.0-0001.01

APU

9223372036854775807

Description

This single-tenant, 19,131-square-foot medical/traditional office building presents a unique opportunity in the thriving Viera submarket of Melbourne, Florida. Located at 8060 Spyglass Hill Rd, near Murrell St and minutes from I-95, this Class B property boasts a convenient location serving a large population base in Brevard County. Built in 1997 and renovated in 2010, the building features a single story with a 17-foot ceiling height. The 4.91-acre lot provides ample space, and the BU2 zoning offers flexibility. The property is entirely vacant, allowing for complete customization to suit a variety of healthcare or professional office needs. Its strategic location within the dynamic Viera West community offers excellent visibility and accessibility. This is an exceptional opportunity to establish a prominent presence in a rapidly growing area, just 72 miles southeast of Orlando. The property features no elevators. APN: 26-36-10-04-00000.0-0001.01. Zip code: 32940.

• CAP approach

  CAP return

  Valuation

  6%

  $5,596,022

  6.5%

  $5,165,558

  7%

  $4,796,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,197,288

  Geo Method

  $3,197,288

• Alternative Use

  Use

  Valuation

  Residential

  $6,405,292

  Hospitality

  $5,867,213

  Educational

  $4,881,452

  Medical

  $5,049,333

  Retail

  $7,593,370

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.2389

Longitude

-80.7094

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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