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    Fully Renovated Flex Campus Title is generated by Realmo AI

    3143 Skyway Circle, Melbourne, FL 32934

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    New
    For Lease
    $19 SF/Yr $21,253/Mo (calc)

    Turnkey flex space with high-clearance bays and upgraded systems for aerospace, engineering, and light manufacturing teams.

    Type:Office
    Property size:
    12,784 SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:08 am

    Property Features for 3143 Skyway Circle

    General Information

    Standard status
    Active
    Size
    12,784 SF
    Property subtype
    Office

    Spaces For Lease

    at 3143 Skyway Circle Contact us

    We can help!

    Listing Contact
    Rob Beckner, SIOR

    Listing agent Rob Beckner, SIOR License #FL #SL707053

    Listing office

    Listing date Jun 1, 2026

    Source Teamlbr

    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 Rob Beckner, SIOR

    HighLights

    • Fully renovated flex campus with 12,784 rentable SF of high‑quality industrial space.
    • High‑clearance bays designed to accommodate diverse manufacturing equipment.
    • Expanded electrical and mechanical systems to support advanced operations.
    • Upgraded loading access, ceiling heights, and utilities for industrial/manufacturing use.
    • Flexible interior configuration for lab/assembly or office needs.
    • On‑site parking and secure access; immediate availability for rapid occupancy and fit‑out.

    Overview

    This fully renovated flex campus offers 12,784 rentable square feet of high-quality industrial space with a well-appointed, modern interior. The layout is designed for operational efficiency, with flexible bay configurations suited to aerospace, engineering, and light manufacturing uses. Upgrades include improved ceiling heights, loading access, and expanded electrical and mechanical systems to support advanced manufacturing needs, along with adaptable space options for lab or office requirements. The property also provides on-site parking and secure access, supported by a campus setting with maintained landscaping and signage opportunities.

    Located within Melbourne’s industrial corridor, the facility provides a professional curb presence and immediate availability for rapid occupancy and tenant fit-out. The site is a cleared, maintained property with a reinforced building envelope intended to support durability for industrial tenants. Strategic proximity to Melbourne Orlando International Airport adds convenience for teams and suppliers relying on air access.

    With upgraded infrastructure, high-clearance bays, and flexible configurations, this property is well positioned for companies seeking a turnkey industrial platform that can support both manufacturing and supporting technical work. Tenant amenities and a secure, professional campus environment make it a practical choice for organizations preparing to scale within a facility built for light manufacturing and engineering operations.
    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 and upgraded systems for aerospace, engineering, and light manufacturing teams.
    Where is this flex space located?
    The property is located at 3143 Skyway Circle Melbourne, FL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Fully renovated flex campus with 12,784 rentable SF of high‑quality industrial space.; High‑clearance bays designed to accommodate diverse manufacturing equipment.; Expanded electrical and mechanical systems to support advanced operations.
    (321) 863-3226
    We can help!
    Listing Contact
    Rob Beckner, SIOR
    Real Estate License ID: FL #SL707053
    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.

    More about this property
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