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    Renovated Flex Industrial Campus Title is generated by Realmo AI

    3143 Skyway Circle, Melbourne, FL 32934

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    Turnkey flex space with high-clearance bays, renovated interior, and upgraded systems for manufacturing and engineering operations.

    Type:Other Special Purpose
    Property size:
    12,784 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:39 am

    Property Features for 3143 Skyway Circle

    General Information

    Standard status
    Active
    Size
    12,784 SF
    Property subtype
    Other Special Purpose

    Spaces For Lease

    at 3143 Skyway Circle Contact us

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    Listing Contact
    Rob Beckner

    Listing agent Rob Beckner

    Listing office Lightle Beckner Robison, Inc

    Listing date Jun 3, 2026

    Source Thebrokerlist

    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 Lightle Beckner Robison, Inc

    HighLights

    • Fully renovated flex campus with 12,784 rentable SF of industrial space for aerospace, engineering, and light manufacturing
    • High‑clearance bays designed to accommodate diverse manufacturing equipment
    • Expanded electrical and mechanical systems upgraded to support advanced operations
    • Flexible workspace configurations for lab, assembly, or office needs
    • On‑site parking with secure access for tenant convenience
    • Immediate availability with easy access to I‑95, Sarno Road, Ellis Road, and Melbourne Orlando International Airport

    Overview

    The property is a fully renovated flex campus offering 12,784 rentable square feet of industrial space designed for modern operations. The interior is finished with contemporary materials and an efficient layout, supported by upgraded ceiling height and high-clearance bays intended to accommodate diverse manufacturing equipment. Loading access and utilities have been upgraded as well, including expanded electrical and mechanical systems to support advanced industrial requirements. The campus also provides flexible workspace configurations that can support a mix of lab, assembly, or office use, alongside a reinforced building envelope for long-term durability.

    Access is positioned for connectivity within the Melbourne industrial corridor, with easy routes to I-95, Sarno Road, Ellis Road, and Melbourne Orlando International Airport. The setting includes on-site parking and secure access for tenant convenience, with a cleared site and well-maintained landscaping plus signage opportunities.

    This offering is best suited for aerospace, engineering, and light manufacturing teams seeking a renovated, adaptable facility rather than a raw industrial shell. With immediate availability noted, tenants and operators can plan for rapid occupancy and fit-out within a campus-style environment that supports both production and supporting office or lab functions.
    Location Intelligence

    Current Use by Public Records

    MGI USA, Inc. Marketing & Advertising Go Solar Power Solar Energy Company Service Experts Heating ... Plumbing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6773049
    Latitude
    28.1110912

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    FAQs

    What type of property is this?
    Flex space - Turnkey flex space with high-clearance bays, renovated interior, and upgraded systems for manufacturing and engineering operations.
    Where is this flex space located?
    The property is located at 3143 Skyway Circle Melbourne, FL.
    What are key features of this property?
    This property features: Fully renovated flex campus with 12,784 rentable SF of industrial space for aerospace, engineering, and light manufacturing; High‑clearance bays designed to accommodate diverse manufacturing equipment; Expanded electrical and mechanical systems upgraded to support advanced operations
    (321) 722-0707
    We can help!
    Listing Contact
    Rob Beckner
    Learn More
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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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