Retail and Industrial Flex
2299 Aurora Rd Melbourne, FL 32935
2299 Aurora Rd, Melbourne, FL, 32935
$1,275,000
For Sale
$1,275,000
Two concrete block buildings combine retail showroom offices and rear warehouse storage with service bays.
Property Size4,800 SF
Price / SF$265.63
Days on Market183
Property Features for 2299 Aurora Rd
General Information
- Standard status
- Active
- Size
- 4,800 SF
Listing agency
321 Realty, LLC
(321) 529-3681
Listed by
Sheaya Grillo · License #3640831
(321) 529-3681
Source
Exprealty
Added: Jan 20 Updated: Jul 22 at 3:45AM Checked: Jul 22 at 3:45AM
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 321 Realty, LLC
Investment Insights
Based on property information with market context.
2299 Aurora Rd is a combined retail and industrial flex property built in two concrete block buildings. The front building includes a showroom, office, and parts room. The rear building functions as a warehouse with storage and service bay capacity.
The property is positioned on a high-visibility location along Aurora Road and includes ample parking and signage. Updates are needed, and the offering includes the full business sale with assets, goodwill, contacts, FFE, and staff, along with the real estate. The property is currently operating as A-1 Tractor & Mower, and additional photos and an information memorandum are planned for release soon.
The property is positioned on a high-visibility location along Aurora Road and includes ample parking and signage. Updates are needed, and the offering includes the full business sale with assets, goodwill, contacts, FFE, and staff, along with the real estate. The property is currently operating as A-1 Tractor & Mower, and additional photos and an information memorandum are planned for release soon.
Key Highlights
- Full business sale included with all assets, goodwill, contacts, FFE, and staff; real estate included
- Two concrete block buildings combine retail showroom and office space with rear warehouse storage and service bays
- Front building includes showroom, office, and parts room; rear building offers storage and service bay capacity
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $18.00 |
| − Vacancy | −$7.3k | −$1.53 |
| EGI | $79.1k | $16.47 |
| − OpEx | −$23.7k | −$4.94 |
| NOI | $55.3k | $11.53 |
4,800 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 4.34%
Second Best
Flex RnD
$700.1K
$612.6K – $816.8K
NOI $49,009 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,646 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A-1 of Melbourne
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Suga' Rob's — 2600 Aurora Rd Suite G, Melbourne, FL 32935
- Buster's Catering and Mobile Kitchens LLC — 2241 Flower Tree Cir, Melbourne, FL 32935
- Love City Cafe — 2787 Aurora Rd, Melbourne, FL 32935
FAQs
What type of property is this?
Flex space - Two concrete block buildings combine retail showroom offices and rear warehouse storage with service bays.
Where is this flex space located?
The property is located at 2299 Aurora Rd Melbourne, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Full business sale included with all assets, goodwill, contacts, FFE, and staff; real estate included; Two concrete block buildings combine retail showroom and office space with rear warehouse storage and service bays; Front building includes showroom, office, and parts room; rear building offers storage and service bay capacity
