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    Property profile

    7485 Sheridan Rd Melbourne, FL 32904

    FOR SALE
    Residential land & home lots
    Property ID
    US19-0407456
    84,506 SF
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    7485 Sheridan Rd, Melbourne, FL 32904 For Sale 1 / 11
    $649,900 84,506 SF
    7485 Sheridan Rd, Melbourne, FL 32904
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    Property summary

    AI-generated overview

    Almost 2 acres of cleared land. Zoned for residential with entry from two roads. Land has been cleared, utilities prepared and now ready to build. Power is City planner gave seller verbal approval to build 18 townhomes with previsions. Room for 4 homes on .5 acre lots. Close to 192 and Wickham Road, just minutes to the Melbourne Mall, downtown shops, parks, boat launch, short ride to the beach yet close to I95. Developer Opportunity!

    Property profile

    Verified
    Property type Residential land & home lots
    Total area 84,506 SF
    UPID US19-0407456

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Location

    7485 Sheridan Rd Melbourne, FL 32904
    Melbourne metro
    Google Maps

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • $60,000
      0.17 Acres
      LAND - Melbourne, FL
      Land · 0.17 Acres
      11 Emerald Street, Melbourne, FL 32904
      View Details
    • $420,000
      4.67 Acres
      Residential Agricultural Land Parcel
      A 4.67-acre residential/agricultural land parcel with city water available and no HOA.
      1207 Eber Boulevard, Melbourne, FL 32904
      View Details
    • $115,000
      0.50 Acres
      Zoned Residential Vacant Land
      Vacant residential-zoned land near Rhodes Park, located between New Haven Avenue and Palm Bay Road.
      2845 Sunset Road, Melbourne, FL 32904
      View Details
    • Contact for pricing
      0.23 Acres
      Residential Property with Improvements
      Residential property with improvements on .23 acres.
      2666 Southwest Kentucky Drive, Palm Bay, FL 32904
      View Details
    • $69,000
      0.25 Acres
      Vacant Residential Lot with Utilities
      Vacant residential lot offering power access, a well, and pump house improvements for future development.
      2465 Green St, Melbourne, FL 32904
      View Details
    • $275,000
      1.34 Acres
      Prime Melbourne Acreage on Dairy
      1.34-acre lot ideal for building or investment in Melbourne.
      2561 Dairy Road, Melbourne, FL 32904
      View Details

    Similar Nearby for Sale

    • $60,000
      0.17 Acres
      LAND - Melbourne, FL
      Land · 0.17 Acres
      11 Emerald Street, Melbourne, FL 32904
      View Details
    • $420,000
      4.67 Acres
      Residential Agricultural Land Parcel
      A 4.67-acre residential/agricultural land parcel with city water available and no HOA.
      1207 Eber Boulevard, Melbourne, FL 32904
      View Details
    • $115,000
      0.50 Acres
      Zoned Residential Vacant Land
      Vacant residential-zoned land near Rhodes Park, located between New Haven Avenue and Palm Bay Road.
      2845 Sunset Road, Melbourne, FL 32904
      View Details
    • Contact for pricing
      0.23 Acres
      Residential Property with Improvements
      Residential property with improvements on .23 acres.
      2666 Southwest Kentucky Drive, Palm Bay, FL 32904
      View Details
    • $69,000
      0.25 Acres
      Vacant Residential Lot with Utilities
      Vacant residential lot offering power access, a well, and pump house improvements for future development.
      2465 Green St, Melbourne, FL 32904
      View Details
    • $275,000
      1.34 Acres
      Prime Melbourne Acreage on Dairy
      1.34-acre lot ideal for building or investment in Melbourne.
      2561 Dairy Road, Melbourne, FL 32904
      View Details

    Similar Nearby for Lease

    • New
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      Prime Acreage Near I-95
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    • New
      $10,900/Mo
      Commercial Land For Rent
      New construction commercial land for rent, delivery Q1 2026.
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      Industrial Land For Rent
      Located in Melbourne's industrial market with high visibility.
      9175 Ellis Road, West Melbourne, FL 32904
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      Palm Bay Commercial Land Opportunity
      Land in Palm Bay experiencing residential growth near major intersections.
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      Industrial Land For Lease
      Industrial land with high exposure in Melbourne's industrial market.
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      1.00 Acre
      Prime Acre on Hollywood Blvd
      One acre commercial land available for lease or build-to-suit.
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    Recent comparable sales
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