Multi-Building Industrial
660 N John Rodes Blvd, Melbourne, FL 32934
For Sale
Contact for pricing
Pending
Multi-building industrial park with in-place tenancy and multiple vacant spaces across 18.52 acres in Melbourne.
Property Size90,600 SF
Lot Size18.52 Acres
Days on Market158
Property Features for 660 N John Rodes Blvd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Lease Type
Investment Type
Building Details
Buildings
Tenancy
Listing Agency:
Charles A. Von Stein, Inc
Listed By:
Kirk Von Stein · License FL #0480498
(772) 696-1082
Source:
Crexi
Added: Jun 8
Changed: Nov 8
Last Checked: Nov 12 at 7:46AM
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 Charles A. Von Stein, Inc
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Investment Insights
Based on property information with market context.
John Rodes Industrial Park is a multi-building industrial park totaling 90,600 SF on 18.52 acres in Melbourne, Florida. The property includes in-place industrial tenancy along with multiple vacant spaces that are available for lease-up or occupancy. This mix supports flexible strategies for investors, owner-users, and operators looking for scale across more than one building.
The offering is for sale and located at 660 N John Rodes Blvd. As an established industrial corridor asset in Brevard County, the park provides a consolidated site designed to accommodate different industrial occupancy needs within a single ownership structure.
For tenants and owner-users, the presence of both occupied and vacant spaces can support expansion planning within the park. For investors, the existing occupancy structure provides immediate income potential while the availability of additional spaces offers a clear path to filling units over time. The multi-building configuration is also well-suited for users seeking room to grow or for operators that prefer managing multiple industrial bays under one umbrella.
The offering is for sale and located at 660 N John Rodes Blvd. As an established industrial corridor asset in Brevard County, the park provides a consolidated site designed to accommodate different industrial occupancy needs within a single ownership structure.
For tenants and owner-users, the presence of both occupied and vacant spaces can support expansion planning within the park. For investors, the existing occupancy structure provides immediate income potential while the availability of additional spaces offers a clear path to filling units over time. The multi-building configuration is also well-suited for users seeking room to grow or for operators that prefer managing multiple industrial bays under one umbrella.
Key Highlights
- Multi‑building industrial park totaling 90,600 SF across 18.52 acres in Melbourne, Florida.
- Current in‑place industrial tenancy with multiple vacant spaces available for lease‑up or occupancy.
- Flexible building configurations designed for investors, owner‑users, or users seeking scale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$624,243
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,484,860
$12.5M
Cap Rate 7%
$8,917,757
$8.9M
Cap Rate 9%
$6,936,033
$6.9M
Market Conditions
NOI Build-Up for 90,600 SF
Gross rent
$761.0K $8.40/SF
− Vacancy
−$26.6K −$0.29/SF
EGI
$734.4K $8.11/SF
− OpEx
−$110.2K −$1.22/SF
NOI
$624.2K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,484,860
Cap Rate 7%
$8,917,757
Cap Rate 9%
$6,936,033
Alternative Uses
Best Use
Warehouse
$8.92M
$7.80M – $10.40M
NOI $624,243 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.42M
$23.12M – $30.82M
NOI $1,849,327 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Well-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
$392,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Melbourne, FL
Properties on Market for Warehouses in Melbourne
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Danby Group — 8040 sugar pine dr, melbourne, fl 32904
- Coleman American Moving Services, Inc. — 4317 Fortune Pl, Melbourne, FL 32904
- Allied Van Lines — 4317 Fortune Pl b, Melbourne, FL 32904
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building industrial park with in-place tenancy and multiple vacant spaces across 18.52 acres in Melbourne.
Where is this warehouse located?
The property is located at 660 N John Rodes Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Multi‑building industrial park totaling 90,600 SF across 18.52 acres in Melbourne, Florida.; Current in‑place industrial tenancy with multiple vacant spaces available for lease‑up or occupancy.; Flexible building configurations designed for investors, owner‑users, or users seeking scale.
