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    705 S Apollo Blvd Melbourne, FL 32901

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    For Sale
    $1,575,000

    7,200 SF commercial building with flexible zoning.

    Property size:
    7,200 SF
    Lot size:
    0.79 Acres

    Property Features for 705 S Apollo Blvd

    General Information

    Size
    7,200 SF
    Lot size
    0.79 Acres

    Source: SLC Commercial Realty & Development Agent Katie Parada

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stand Alone Commercial Building

    This is a 7,200 SF stand alone commercial building featuring CBS construction. It benefits from upgraded electrical and plumbing systems, along with 3-phase power. The property has flexible CP zoning, permitting multiple uses. The roof has been resealed, and the 6 RTUs were replaced in 2022. It includes prominent street front pylon signage, offering great visibility and accessibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6192702
    Latitude
    28.0973359

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    FAQs

    What type of property is this?
    Storefront property - 7,200 SF commercial building with flexible zoning.
    Where is this storefront property located?
    The property is located at 705 S Apollo Blvd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Flexible CP zoning permitting multiple uses; - Great visibility & accessibility; - **7,200 SF stand alone commercial bldg.**
    (772) 577-8970
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    705 S Apollo Blvd Melbourne, FL 32901
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    Melbourne, FL 32901
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    705 S Apollo Blvd Melbourne, FL 32901
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