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    West Melbourne Warehouse with Office Title is generated by Realmo AI

    7703 Ellis Road, West Melbourne, FL 32904

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    For Lease
    $4,900/Mo $14 SF/Yr (calc)

    COMMERCIAL - West Melbourne, FL

    Property size:
    4,000 SF
    Added:
    May 25, 2026
    Days on Market:
    2
    Last Refresh:
    May 26 at 2:06 am

    Property Features for 7703 Ellis Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Parking Lot, Driveway
    Security features
    Security Lighting
    Standard status
    Active
    Size
    4,000 SF

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2021
    Floors in Building
    1
    Flooring type
    Concrete, Vinyl
    Building materials
    Aluminum Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Kristin Lee Snow

    Listing agent Kristin Lee Snow

    Listing office Kirschner Real Estate G 1332 De Soto Street, Melbourne, FL

    Listing date May 25, 2026

    MLS# 1078230

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4,000 sq ft warehouse with industrial/commercial zoning and easy access to I95 & airport.
    • Features three 12 ft bay doors (two front, one rear) for optimal airflow.
    • Includes a spacious 400 sq ft air‑conditioned office with private bathroom, walk‑in storage, and separate entrance.
    • Shop space includes bathroom, wash sink, and AC.
    • 10 parking spots in parking lot.
    • ADA compliant and trash service included in rent.

    Overview

    This 4000 square foot warehouse is centrally located with easy access to I95 and the airport. Zoned for industrial and commercial use, it is suitable for shipping and receiving, dealership licensing, and other purposes. The property includes a 400 square foot air-conditioned office with a walk-in storage closet, a private bathroom, and a separate entrance. The shop space also features a bathroom and a separate wash sink, with air conditioning for warmer days. The warehouse has three full-size 12-foot bay doors, with two on the front east-facing side and one on the rear west-facing side, designed for optimal airflow. A 1000 square foot area is divided by a wall with a walk-through door. The parking lot provides 10 parking spots. All facilities are ADA compliant, and trash service is included in the rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Building Supply Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Vital Records Control — 680 Atlantis Rd, Melbourne, FL 32904
    • The A/C Storage Place — 600 S Wickham Rd, Melbourne, FL 32904
    • Nasa Warehouses — 2805 W NASA Blvd, Melbourne, FL 32904
    • Adams Distribution & Storage — 7715 Progress Cir, Melbourne, FL 32904
    • Professional Data Storage — 680 Atlantis Rd, Melbourne, FL 32904

    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.675721
    Latitude
    28.09893

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    FAQs

    What type of property is this?
    Warehouse - 4000 SF warehouse with office space for lease.
    Where is this warehouse located?
    The property is located at 7703 Ellis Road West Melbourne, FL.
    What is the lease rate?
    The lease rate is $4,900 /Mo.
    What are key features of this property?
    This property features: 4,000 sq ft warehouse with industrial/commercial zoning and easy access to I95 & airport.; Features **three 12 ft bay doors** (two front, one rear) for optimal airflow.; Includes a **spacious 400 sq ft air‑conditioned office** with private bathroom, walk‑in storage, and separate entrance.
    (321) 821-8470
    We can help!
    Listing Contact
    Kristin Lee Snow
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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