Flex Warehouse Condo with Grade-Level
For Sale
Contact for pricing
4000 Dow Road #1, Melbourne, FL 32934
A glass-front office and showroom entry connects to a rear warehouse with an overhead loading door.
Property Size1,200 SF
Price / SF$1.89
Days on Market80
Property Features for 4000 Dow Road #1
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Warehouse
Additional Details
Highway Access
Yes
Drive-In Doors
1
Property Use
Flex/Warehouse
Building Details
Year Built
1986
Listing Agency:
MS Land & Building
(407) 512-1213
Listed By:
Deivit Frank Gomes Viriato · License #3621106
(321) 586-7050
Source:
Mccoyfreeman
Added: Aug 14
Changed: Nov 1
Last Checked: Oct 29 at 2:34PM
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 MS Land & Building
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Investment Insights
Based on property information with market context.
This 1,200-square-foot flex warehouse condo pairs a glass-front office and showroom entrance with a rectangular rear warehouse. Grade-level access includes a pedestrian steel door and an overhead roll-up door. Built in 1986, the unit is located in Dow Road Industrial Park in Melbourne’s aviation and aerospace corridor, near L3Harris and Embraer and minutes from Melbourne Orlando International Airport.
Interstate 95 access is available via the Eau Gallie Boulevard interchange at Exit 183 and the Ellis Road interchange at Exit 179. The offering is on a NNN basis with a 12-month term.
Interstate 95 access is available via the Eau Gallie Boulevard interchange at Exit 183 and the Ellis Road interchange at Exit 179. The offering is on a NNN basis with a 12-month term.
Key Highlights
- 1,200 SF flex warehouse condo
- Glass‑front office and showroom entrance
- Rear warehouse with grade‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,333
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,660
$146.7K
Cap Rate 7%
$104,757
$104.8K
Cap Rate 9%
$81,478
$81.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$10.8K $9.00/SF
− Vacancy
−$324 −$0.27/SF
EGI
$10.5K $8.73/SF
− OpEx
−$3.1K −$2.62/SF
NOI
$7.3K $6.11/SF
Area
Brevard County, FL
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,660
Cap Rate 7%
$104,757
Cap Rate 9%
$81,478
Alternative Uses
Best Use
Flex RnD
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 540.93%
Second Best
Warehouse
$118.1K
$103.4K – $137.8K
NOI $8,268 @ 7.0% cap · market cap 365.03%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 978.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A glass-front office and showroom entry connects to a rear warehouse with an overhead loading door.
Where is this flex space located?
The property is located at 4000 Dow Road #1 Melbourne, FL.
What are key features of this property?
This property features: 1,200 SF flex warehouse condo; Glass‑front office and showroom entrance; Rear warehouse with grade‑level access
