2 Suntree PlMelbourne, FL 32940

Property Details for 2 Suntree Pl

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.15 AC

Property size (Sq ft)

15,907 SF

Zone code

PUD

Property type

Office buildings

APN

26-36-13-05-00000.0-0002.00

APU

9223372036854775807

Description

This exceptional Class A office building, constructed in 2018, offers 13,962 square feet of prime medical and executive office space in the desirable Viera/Suntree submarket of Melbourne, Florida. The three-story building boasts a multiple tenancy structure, with 3,825 square feet currently available for lease. Individual suites range from 1,590 to 3,825 square feet, providing flexibility for various business needs. Located at 2 Suntree Place, zip code 32940, this property enjoys a park-like setting adjacent to the Suntree Country Club, offering a prestigious and tranquil work environment. Its strategic location provides easy access to major thoroughfares including Wickham Road at Suntree Boulevard, US-1, Beachside, I-95, and Melbourne International Airport, ensuring convenient commutes for employees and clients. The building's modern design and amenities cater to both medical and professional office users, making it an ideal location for businesses seeking a high-quality, well-connected space in a thriving community. The property's proximity to Orlando further enhances its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $4,371,883

  6.5%

  $4,035,584

  7%

  $3,747,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,497,876

  Geo Method

  $2,497,876

• Alternative Use

  Use

  Valuation

  Residential

  $5,004,124

  Hospitality

  $4,583,751

  Educational

  $3,813,627

  Medical

  $3,944,784

  Retail

  $5,932,309

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.2266

Longitude

-80.6801

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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