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Versatile Flex Space Near Airport
For Lease
$9.95 SF/Yr

800 COMMERCE DRIVE, Melbourne, FL 32904

Adaptable space suitable for office, flex, R&D, manufacturing, or warehouse.

Days on Market147

Property Features for 800 COMMERCE DRIVE

General Information

Standard status Active
Property subtype Industrial
Listing Agency:
Listed By: Michael S. Ullian, President, CCIM, SIOR · License #FL #BK447039
Source: Ullianrealty
Added: Mar 6 Changed: Jul 10 Last Checked: Jul 30 at 3:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael S. Ullian, President, CCIM, SIOR

Investment Insights

Based on property information with market context.

This flex space is located just off Nasa Blvd., near the Orlando-Melbourne International Airport and Wickham Road, with convenient access to I-95 and US 1. The property is zoned City of Melbourne Light Industrial, with permitted uses including office, engineering, R&D, manufacturing, and warehousing. Businesses nearby include Northrup Grumman, Harris Corporation, GE, HealthFirst, and Space Coast Credit Union. Melbourne Square Mall and numerous restaurants are located a short distance away. City of Melbourne provides sewer and water services, while fire and police services are also provided by the city. Florida Power & Light provides electrical power. The owner is willing to build out the interior, subject to tenant's credit, lease term, and type of improvements. Possible uses include office, flex, R&D, manufacturing, or warehouse space.

Key Highlights

  • Customizable build‑out to tenant specifications (subject to conditions).
  • Strategic location near NASA Blvd and Orlando‑Melbourne International Airport.
  • Convenient access to major roadways (I‑95 and US 1).

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Cafe & Coffee Shop Veterinary Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby
Well-served
Demand for This Use

Demographics for 32904, FL

35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value

Market

Lease Benchmarks for Melbourne, FL

$15.14 /SF/Yr
Avg Asking Price
$12.5–$18 /SF/Yr
Price Range
5,654 SF
Avg Space Size

This space is priced 34% below the average of $15.14 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Adaptable space suitable for office, flex, R&D, manufacturing, or warehouse.
Where is this flex space located?
The property is located at 800 COMMERCE DRIVE Melbourne, FL.
What is the lease rate?
The lease rate is $9.95 SF/Yr.
What are key features of this property?
This property features: Customizable build‑out to tenant specifications (subject to conditions).; Strategic location near NASA Blvd and Orlando‑Melbourne International Airport.; Convenient access to major roadways (I‑95 and US 1).
More about this property
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