8060 Spyglass Hill RdMelbourne, FL 32940

  • Healthcare properties
  • 20,361 SF
For Lease
$22/SF/YR View listing

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
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
8060 Spyglass Hill Rd, Melbourne, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$63,355
$741,220
$2,800,520
$3,541,740
-
$741,220
$2,800,520
$3,541,740

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