For Sale
Melbourne, FL
Commercial Real Estate Market Trends & Data
$324 per SF
Avg asking sale price
$20 per SF
Avg asking lease rate
11,112 SF
Avg unit lease size
12,022 SF
Avg building size for sale
6.59%
Average cap rate
Melbourne's Demographic Profile
Melbourne has 37,940 households and a median income of $56,540, providing context for rent absorption and tenant demand across retail and multifamily assets. A +8% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 86,309 |
| # Households | 37,940 |
| Median age | 43 |
| Median household income | $56,540 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 16,019 |
| 5-year population change | +8% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Melbourne | $243 | 10,965 SF | 9.71% |
| Palm Shores | $690 | 2,881 SF | 7.00% |
| Satellite Beach | $286 | 5,600 SF | 7.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Melbourne | $204 | 13,790 SF | 6.00% |
| West Melbourne | $170 | 6,782 SF | 4.96% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Melbourne | $425 | 7,710 SF |
| Melbourne Village | $338 | 2,222 SF |
| West Melbourne | $534 | 6,588 SF |
| Satellite Beach | $1,252 | 2,603 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Melbourne | $142 | 36,528 SF | 7.16% |
| Indian Harbour Beach | $734 | 9,801 SF | 7.16% |
| Rockledge | $133 | 49,226 SF | 6.80% |
| Palm Bay | $78 | 36,676 SF | 6.50% |
Commercial Properties For Sale in Melbourne
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Melbourne pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Melbourne | $324 | 12,022 SF |
| Melbourne Village | $442 | 2,019 SF |
| West Melbourne | $290 | 6,295 SF |
| Palm Shores | $790 | 2,911 SF |
| Satellite Beach | $757 | 6,001 SF |
Regional Demographic Comparison
This comparison places Melbourne alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Melbourne or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Melbourne | 86,309 | 37,940 | 43 | $56,540 | 2 | 16,019 | 8% |
| Melbourne Village | 702 | 295 | 50 | $75,649 | 2 | 50 | 7% |
| West Melbourne | 28,923 | 11,714 | 43 | $78,526 | 2 | 3,265 | 9% |
| Palm Shores | 1,093 | 444 | 48 | $74,999 | 3 | 91 | 6% |
| Satellite Beach | 11,422 | 4,600 | 46 | $98,631 | 3 | 904 | 8% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Melbourne, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Melbourne
View All Commercial Real Estate For Sale in Melbourne
Is Melbourne a good market for a first-time commercial real estate investor?
Melbourne offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Melbourne?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Melbourne. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Melbourne?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Melbourne. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Melbourne compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Melbourne. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Melbourne acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Melbourne, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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