3395 Viera BlvdMelbourne, FL 32940

Property Details for 3395 Viera Blvd

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.91 AC

Property size (Sq ft)

12,663 SF

Zone code

PUD

Property type

Office properties

Property subtype

Office buildings

APN

25-36-32-TH-0000C.0-0000.00

APU

253632TH0000C0000000

Description

Exceptional investment opportunity: a thriving children's academy in Melbourne, Florida. This established business boasts an eighteen-year operating history, occupying a substantial 16,934-square-foot facility on a 2.91-acre lot. The property features two buildings, constructed in 2007 and expanded in 2015. Benefitting from a highly visible location with 350 feet of frontage on Viera Boulevard, experiencing an average daily traffic count exceeding 17,000 vehicles. Its strategic placement adjacent to Manatee Elementary School (897 students) ensures consistent demand. The academy holds a prestigious Gold Seal Quality Care accreditation from the Florida Department of Education. Situated in Florida's rapidly growing Space Coast region, this property is poised for continued success, capitalizing on the area's burgeoning innovation hub and projected 5% population growth within a 10-mile radius over the next five years. The property is currently 100% occupied. Financials available upon request. This is a rare opportunity to acquire a well-established, high-performing childcare center in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,480,302

  6.5%

  $3,212,586

  7%

  $2,983,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,988,471

  Geo Method

  $1,988,471

• Alternative Use

  Use

  Valuation

  Residential

  $3,983,606

  Hospitality

  $3,648,962

  Educational

  $3,035,894

  Medical

  $3,140,303

  Retail

  $4,722,502

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.2646

Longitude

-80.7429

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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