Single-Tenant Industrial
For Sale
$1,950,000
2809 S Harbor City Blvd, Melbourne, FL 32901
Single-tenant industrial facility offers warehouse space, a showroom/office area, and paved outside storage.
Property Size16,791 SF
Price / SF$84.78
Days on Market135
Property Features for 2809 S Harbor City Blvd
General Information
Standard status
Active
Size
16,791 SF
Property subtype
Industrial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
18 ft
Building Details
Building Size
16,791 SF
Year Built
1959
Tenancy
Single
Listed By:
Mike Moss, SIOR · License #FL #SL3216469
(321) 543-2498
Source:
Teamlbr
Added: Apr 24
Changed: Sep 4
Last Checked: Aug 14 at 8:06AM
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 Mike Moss, SIOR
Investment Insights
Based on property information with market context.
This single-tenant industrial property previously operated as ABC Supply Co and is available for lease or sale. The layout includes approximately 3,000 square feet of open showroom and office space, along with roughly 14,000 square feet of 18' clear warehouse area. Additional improvements include paved outside storage and about 6,000 square feet of covered space toward the rear.
The property is located directly on US Highway 1, just south of 192. It is positioned less than 10 miles from Interstate 95 and is within the Melbourne industrial corridor, with Melbourne Airport noted nearby.
Zoned C-2 General Commercial, the site offers flexibility for various uses, suitable for an owner-user or an investor seeking an industrial asset in the market.
The property is located directly on US Highway 1, just south of 192. It is positioned less than 10 miles from Interstate 95 and is within the Melbourne industrial corridor, with Melbourne Airport noted nearby.
Zoned C-2 General Commercial, the site offers flexibility for various uses, suitable for an owner-user or an investor seeking an industrial asset in the market.
Key Highlights
- Single‑tenant industrial facility on US‑1 (just south of 192).
- Includes approx. 18' clear warehouse space totaling about 14,000 SF.
- Approx. 3,000 SF open showroom and office area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,169,440
$3.2M
Cap Rate 7%
$2,263,886
$2.3M
Cap Rate 9%
$1,760,800
$1.8M
Market Conditions
NOI Build-Up for 23,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$193.2K $8.40/SF
− Vacancy
−$6.8K −$0.29/SF
EGI
$186.4K $8.11/SF
− OpEx
−$28.0K −$1.22/SF
NOI
$158.5K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,169,440
Cap Rate 7%
$2,263,886
Cap Rate 9%
$1,760,800
Alternative Uses
Best Use
Flex RnD
$3.35M
$2.94M – $3.91M
NOI $234,835 @ 7.0% cap · market cap 12.04%
Second Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,472 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,764 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Single-tenant industrial facility offers warehouse space, a showroom/office area, and paved outside storage.
Where is this flex space located?
The property is located at 2809 S Harbor City Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Single‑tenant industrial facility on US‑1 (just south of 192).; Includes approx. 18' clear warehouse space totaling about 14,000 SF.; Approx. 3,000 SF open showroom and office area.
