Light Industrial Flex
For Sale
Contact for pricing
631 Washburn Road, Melbourne, FL 32934
Light industrial space supports automotive service, repair, or storage use.
Property Size3,000 SF
Price / SF$1.40
Days on Market89
Property Features for 631 Washburn Road
General Information
Standard status
Active
Size
3,000 SF
Listing Agency:
All Way Realty, Inc.
(321) 253-9989
Listed By:
Gissou Shahinfar · License #537329
(321) 693-1704
Source:
Startbrevardsearch
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 14 at 10:51PM
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 All Way Realty, Inc.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property combines light industrial functionality with warehouse space. The building is positioned for automotive repair or service operations, storage-unit use, and other compatible commercial applications identified for the property.
The property is located at 631 Washburn Road in Melbourne, Florida, with the 32934 ZIP code. Its flex-space configuration provides a practical setting for businesses requiring a combination of industrial workspace and storage capacity.
The property is located at 631 Washburn Road in Melbourne, Florida, with the 32934 ZIP code. Its flex-space configuration provides a practical setting for businesses requiring a combination of industrial workspace and storage capacity.
Key Highlights
- 3,000 sq. ft. of light industrial flex and warehouse space
- Suitable for automotive repair or service operations
- Can accommodate storage‑unit use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,660
$366.7K
Cap Rate 7%
$261,900
$261.9K
Cap Rate 9%
$203,700
$203.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$27.0K $9.00/SF
− Vacancy
−$810 −$0.27/SF
EGI
$26.2K $8.73/SF
− OpEx
−$7.9K −$2.62/SF
NOI
$18.3K $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%
$366,660
Cap Rate 7%
$261,900
Cap Rate 9%
$203,700
Alternative Uses
Best Use
Retail
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 823.50%
Second Best
Flex RnD
$437.6K
$382.9K – $510.5K
NOI $30,631 @ 7.0% cap · market cap 729.31%
Theoretical Best
Office A
$791.5K
$692.6K – $923.4K
NOI $55,404 @ 7.0% cap · market cap 1,319.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial space supports automotive service, repair, or storage use.
Where is this flex space located?
The property is located at 631 Washburn Road Melbourne, FL.
What are key features of this property?
This property features: 3,000 sq. ft. of light industrial flex and warehouse space; Suitable for automotive repair or service operations; Can accommodate storage‑unit use
