8060 Spyglass Hill RdMelbourne, FL 32940
- Healthcare properties
- 20,361 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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