Property profile

3161 Skwy Cir Melbourne, FL 32934

OFF-MARKET
Truck terminals
Property ID
US18-2384028
48,000 SF 4.97 ac lot Built 1997
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Melbourne, Florida industrial property offers 48,000 square feet of warehouse space situated on a 4.97-acre lot. The building, constructed in 1997 and zoned M1, features 24 fourteen-foot-tall bay doors (12 drive-ins on each side). Approximately 1.7 acres of paved and fenced outdoor storage is included, providing significant additional space. There's also excess paved area suitable for employee or customer parking, or further storage expansion. Previously used for boat and RV storage, this single-tenant property boasts convenient access to I-95 via exits 182 and 183, offering multiple highway access points. The property's address is 3161 Skyway Cir, Melbourne, FL 32934, with the APN 27-36-25-01-*-3 in Brevard County. This versatile space presents a significant opportunity for businesses requiring substantial warehouse and outdoor storage capacity in a prime Melbourne location. The entire 48,000 square feet is currently vacant.

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1997
Construction FRAME
Total area 48,000 SF
Lot 4.97 ac (216,493 SF)
Zoning code M1
APN 27-36-25-01-00000.0-0003.00
UPID US18-2384028

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility Parking Lot & Garage
  • Warehouse & Storage
  • Production Facility Furniture & Home Goods

Location

3161 Skwy Cir Melbourne, FL 32934-7334
Melbourne metro Census 64602 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.32M
Blend (final) Blend
$4.91M

Owner & transaction history

since 2024
Last sale
$4.7M
1 recorded transaction
2024
$4.7M

Zoning & alternative use

M1 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and which can serve intensive commercial uses and light manufacturing, warehousing, dis…

General category INDUSTRIAL
Top alternative use upside
Medical building $7.7M +33.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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