1315 Valentine StMelbourne, FL 32901

Property Details for 1315 Valentine St

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

4,045 SF

Zone code

RP

Property type

Healthcare properties

Property subtype

Medical offices

APN

27-37-34-51-00000.0-0298.00

APU

9223372036854775807

Description

This exceptional 3,820-square-foot medical office building, located at 1315 Valentine Street in Melbourne, Florida, presents a unique leasing opportunity. Situated on a 0.34-acre lot, this single-tenant property boasts a prime location within Brevard County, zip code 32901. Originally constructed in 1964, the building underwent a complete renovation in 2022, ensuring modern amenities and functionality. The property is zoned RP and offers ample space for a variety of medical practices. The entire 3,820 square feet is currently vacant and ready for immediate occupancy. This presents a rare chance to establish or relocate a medical practice in a fully updated, well-located building. The property's single-tenant occupancy provides a streamlined and efficient operational environment. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent presence in the thriving Melbourne medical community. The building's recent renovation ensures modern aesthetics and efficient layouts, ideal for a contemporary medical practice.

• CAP approach

  CAP return

  Valuation

  6%

  $1,111,729

  6.5%

  $1,026,211

  7%

  $952,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $635,186

  Geo Method

  $635,186

• Alternative Use

  Use

  Valuation

  Residential

  $1,272,502

  Hospitality

  $1,165,605

  Educational

  $969,769

  Medical

  $1,003,121

  Retail

  $1,508,530

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.088

Longitude

-80.6166

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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