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    Melbourne Warehouse with Office Space Title is generated by Realmo AI

    7400 Technology Drive, Melbourne, FL 32904

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    For Lease
    $11,450/Mo $0.85 SF/Yr (calc)

    COMMERCIAL - Melbourne, FL

    Property size:
    161,500 SF
    Lot size:
    11.20 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    193
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 7400 Technology Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    27-36-36-00-00264.0-0000.00
    Size
    161,500 SF
    Lot size
    11.20 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1985
    Building materials
    Concrete

    We can help!

    Listing Contact
    Adam Rathbun

    Listing agent Adam Rathbun

    Listing office SouthTrend Realty 760 North Drive #A, melbourne, FL

    Listing date Nov 3, 2025

    MLS# 1061211

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10,000 sf unit featuring a 2,100 sf office and 7,900 sf warehouse space.
    • Tilt wall construction and fire sprinklers for enhanced durability and safety.
    • Enjoy a 20‑24 ft clear height in the warehouse.
    • Multiple electrical panels: (2) 200 amp 3‑phase panels and (1) 100 amp 3‑phase panel.
    • One pitted dock with a 12'W x 14'T door and one 10'W x 10'H grade‑level door.
    • HVAC in the office area.

    Overview

    This commercial property in Melbourne, Florida, features a 10,000 square foot unit comprising 2,100 square feet of office space and 7,900 square feet of warehouse space. The building utilizes tilt wall construction and includes fire sprinklers. The warehouse area offers a clear height of 20 to 24 feet. Loading and access are facilitated by one pitted dock with a 12-foot wide by 14-foot tall door, and one 10-foot wide by 10-foot high grade-level door. The property has three electrical panels: Panel A provides 200 amp 277/480 3 phase power, Panel B offers 200 amp 120/208 3 phase power, and Panel C delivers 100 amp 120/209 3 phase power. The office area is equipped with HVAC. The property is located on a 11.2-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Technical Equipment Distributors, ... Distribution Center Plan T Inc. ... Big Box & Wholesale Store TEDI Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Danby Group — 8040 sugar pine dr, melbourne, fl 32904
    • The A/C Storage Place — 600 S Wickham Rd, Melbourne, FL 32904
    • Adams Distribution & Storage — 7715 Progress Cir, Melbourne, FL 32904
    • Allied Van Lines — 4317 Fortune Pl b, Melbourne, FL 32904
    • Coleman American Moving Services, Inc. — 4317 Fortune Pl, Melbourne, FL 32904

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.683164
    Latitude
    28.097023

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    FAQs

    What type of property is this?
    Warehouse - 10,000 SF unit with office and warehouse space for lease.
    Where is this warehouse located?
    The property is located at 7400 Technology Drive Melbourne, FL.
    What is the lease rate?
    The lease rate is $11,450 /Mo.
    What are key features of this property?
    This property features: 10,000 sf unit featuring a 2,100 sf office and 7,900 sf warehouse space.; Tilt wall construction and fire sprinklers for enhanced durability and safety.; Enjoy a **20‑24 ft clear height** in the warehouse.
    (321) 266-9200
    We can help!
    Listing Contact
    Adam Rathbun
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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