Melbourne Industrial Condo For
For Sale
Contact for pricing
Pending
4000 Dow Rd, Melbourne, FL 32934
1,200 SF industrial condo in Melbourne Industrial Park.
Property Size1,200 SF
Days on Market164
Property Features for 4000 Dow Rd
General Information
Standard status
Pending
Size
1,200 SF
Class
B
Property subtype
Industrial, Office
Zoning
Light industrial
Investment Type
Owner/User
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
1
Listing Agency:
Cornerstone Commercial Associates
Listed By:
Todd Rosborough · License #FL BK449141
Source:
Crexi
Added: Mar 12
Changed: Aug 14
Last Checked: Jul 24 at 1:27PM
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 Cornerstone Commercial Associates
Investment Insights
Based on property information with market context.
This 1,200 square foot industrial condo is for sale. Located in the heart of Melbourne Industrial Park, west of Wickham Rd., between Sarno and Ellis Roads, it is within minutes of I-95 and the airport. The zoning is Light Industrial Use (IU) in Unincorporated Brevard County. The zoning allows for a variety of uses, such as office/warehouse, distribution, storage and manufacturing. Two units are available.
Key Highlights
- 1,200 sq ft industrial condo - ideal size for various business needs
- Light Industrial Use (IU) zoning - allows for office/warehouse, distribution, storage, and manufacturing
- Prime location in Melbourne Industrial Park - benefits from established industrial presence
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
$12,252
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
6.28%
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%
$245,040
$245.0K
Cap Rate 7%
$175,029
$175.0K
Cap Rate 9%
$136,133
$136.1K
Market Conditions
NOI Build-Up for 1,200 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
$20.2K $16.80/SF
− Vacancy
−$1.3K −$1.09/SF
EGI
$18.8K $15.71/SF
− OpEx
−$6.6K −$5.50/SF
NOI
$12.3K $10.21/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$245,040
Cap Rate 7%
$175,029
Cap Rate 9%
$136,133
Alternative Uses
Best Use
Flex RnD
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 6.28%
Second Best
Industrial
$104.8K
$91.7K – $122.2K
NOI $7,333 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32934, FL
18,355
Population
7,987
Households
2.3
Avg Household Size
51
Median Age
42%
College-Educated
94%
High-School Grad
22.9 sq mi
ZIP Area
802
Density / Sq Mi
$102,871
Median Household Income
$51,988
Median Earnings
$1,782
Median Rent
$392,300
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.
Frequently Asked Questions
What type of property is this?
Flex space - 1,200 SF industrial condo in Melbourne Industrial Park.
Where is this flex space located?
The property is located at 4000 Dow Rd Melbourne, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,200 sq ft industrial condo - ideal size for various business needs; Light Industrial Use (IU) zoning - allows for office/warehouse, distribution, storage, and manufacturing; Prime location in Melbourne Industrial Park - benefits from established industrial presence
