Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2280 Avocado Ave Melbourne, FL 32935

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,250 SF warehouse with renovated office, near US Hwy 1.

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    James Flint, Ccim
    Source: Sperrycga

    Listing Agent: James Flint, Ccim

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

    Learn more

    Overview

    Renovated Warehouse Near US Hwy 1

    This 2,250 square foot warehouse is available for immediate occupancy. It is located near US Highway 1, just north of Eau Gallie Boulevard in Melbourne. The unit features a 12' x 14' grade-level door, Phase 1 (200 amps) power, and a 16' ceiling height. It includes a restroom and an air-conditioned office. The property is equipped with fire sprinklers and security cameras. The property and all bays were fully renovated in 2022. The zoning is M1.
    Location Intelligence

    Current Use by Public Records

    Space Coast Sauces Food Processing Plant Fox Buys Houses Real Estate Agency Donahue's of Melbourne Renovation Specialist Grip Industries Auto Repair Shop Little Reef Aquatics (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Storage King USA, Happy Camper RV and Boat Storage - Now REC NATION, Sorensen Moving & Storage, Near 2Me Self Storage Units, KC Mini Storage

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.637972
    Latitude
    28.1437235

    Nearby Similar for Sale

    • $845,000
      4,070 SF

      Downtown Melbourne Commercial Opportunity

      Versatile commercial building in downtown Melbourne with owner financing.
      604 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $499,000
      1,400 SF

      Commercial Building on Highway 1

      1400 sq ft CBS building on thriving US Highway 1.
      2814 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $499,000
      1,500 SF

      Highway Frontage Retail Opportunity

      1500 sq ft CBS building with highway frontage.
      2814 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $950,000
      2,104 SF

      High Visibility Commercial Property, Melbourne

      1.05 acre lot with high visibility and multiple access points.
      2815 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $549,900
      1,496 SF

      Updated Medical Office in Melbourne

      Updated 1,492 SF medical office in a prime downtown location.
      315 E Strawbridge Ave, Melbourne, FL 32901
      View Details
    • $365,000
      2,010 SF

      Established Restaurant Franchise Opportunity

      Turnkey restaurant franchise for sale in high-traffic Melbourne location.
      2890 W New Haven Ave, Melbourne, FL 32904
      View Details
    • $550,000
      3,266 SF

      Melbourne Religious Facility Investment Opportunity

      Well-maintained 3,266 sq ft property with religious zoning exemption.
      2787 Aurora Rd, Melbourne, FL 32935
      View Details
    • $1,280,000
      2,600 SF

      Melbourne Gas Station and Store

      Operating gas station and convenience store near Florida Institute of Technology.
      653 E University Blvd, Melbourne, FL 32901
      View Details
    • New
      $279,500
      1,429 SF

      Versatile Office Building with Garage

      Office building with rental income potential and detached garage.
      2299 Sarno Rd, Melbourne, FL 32935
      View Details
    • $3,850,000
      13,765 SF

      Downtown Melbourne Commercial Building For Sale

      Premier 13,765 SF commercial building in vibrant downtown Melbourne.
      2015 Waverly Pl, Melbourne, FL 32901
      View Details
    • $2,095,000
      8,108 SF

      Two Office Buildings on US1

      Two office buildings on US1 in Melbourne, Florida for sale.
      525 N Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $1,200,000
      7,402 SF

      Turnkey Restaurant Opportunity in Melbourne

      Well-known Italian restaurant with liquor license in premier shopping destination.
      6630 Colonnade Ave, Melbourne, FL 32940
      View Details

    FAQs

    What type of property is this?
    Warehouse - 2,250 SF warehouse with renovated office, near US Hwy 1.
    Where is this warehouse located?
    The property is located at 2280 Avocado Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $8.
    What are key features of this property?
    This property features: - Excellent location near US Hwy 1, just north of Eau Gallie Blvd.; - Fully renovated in 2022.; - Features a 12' x 14' grade level door and 16' ceiling height.
    (321) 252-9090
    Request Owner's contact information
    2280 Avocado Ave Melbourne, FL 32935
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2280 Avocado Ave
    Melbourne, FL 32935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2280 Avocado Ave Melbourne, FL 32935
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Flint, Ccim
    Real Estate License ID: #BK3313539
    (321) 252-9090
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!