C-2 Zoned
For Sale
Contact for pricing
2809 S Harbor City Blvd, Melbourne, FL 32901
Single warehouse totaling 16,791 SF on 2.42 acres with C-2 zoning in Melbourne, Florida.
Property Size16,791 SF
Lot Size2.42 Acres
Price / SF$116.13
Days on Market71
Property Features for 2809 S Harbor City Blvd
General Information
Standard status
Active
Size
16,791 SF
Lot size
2.42 Acres
Property subtype
INDUSTRIAL
Zoning
C-2
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 266-1150
Listed By:
Michael Moss II · License ##SL3551933
(321) 266-1150
Source:
Moodyscre
Added: Jun 3
Changed: Aug 10
Last Checked: Aug 11 at 1:38PM
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.
Investment Insights
Based on property information with market context.
This for-sale warehouse offers a total size of 16,791 SF on 2.42 acres, presented as an owner-user or investment opportunity. The property is zoned C-2, providing a commercial framework for potential uses consistent with that zoning category.
The asset is located at 2809 S Harbor City Blvd in Melbourne, Florida (32901). The combination of warehouse space and acreage supports a practical site configuration for a variety of commercial warehouse operations, subject to applicable zoning and regulations.
If you’re looking for a standalone warehouse property with C-2 zoning in Melbourne, this parcel provides a straightforward single-building setup on a sizable tract of land.
The asset is located at 2809 S Harbor City Blvd in Melbourne, Florida (32901). The combination of warehouse space and acreage supports a practical site configuration for a variety of commercial warehouse operations, subject to applicable zoning and regulations.
If you’re looking for a standalone warehouse property with C-2 zoning in Melbourne, this parcel provides a straightforward single-building setup on a sizable tract of land.
Key Highlights
- 16,791 SF single warehouse building
- Located on 2.42 acres
- C‑2 zoning in Melbourne, Florida
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
$115,692
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
5.93%
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%
$2,313,840
$2.3M
Cap Rate 7%
$1,652,743
$1.7M
Cap Rate 9%
$1,285,467
$1.3M
Market Conditions
NOI Build-Up for 16,791 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
$141.0K $8.40/SF
− Vacancy
−$4.9K −$0.29/SF
EGI
$136.1K $8.11/SF
− OpEx
−$20.4K −$1.22/SF
NOI
$115.7K $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%
$2,313,840
Cap Rate 7%
$1,652,743
Cap Rate 9%
$1,285,467
Alternative Uses
Best Use
Warehouse
$1.65M
$1.45M – $1.93M
NOI $115,692 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,096 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,729
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Single warehouse totaling 16,791 SF on 2.42 acres with C-2 zoning in Melbourne, Florida.
Where is this warehouse 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: 16,791 SF single warehouse building; Located on 2.42 acres; C‑2 zoning in Melbourne, Florida
