Renovated Flex Space with Bay
For Sale
$1,199,000
Pending
7731 Industrial Rd, West Melbourne, FL 32904
Gated industrial improvements offer drive-through access, updated systems, and adaptable space for multiple commercial operations.
Property Size8,256 SF
Days on Market445
Property Features for 7731 Industrial Rd
General Information
Standard status
Pending
Size
8,256 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
10 ft
Drive-In Doors
32
Taxes and HOA fees
Annual Taxes
$6,661
Building Details
Buildings
2
Listing Agency:
Relentless Real Estate Co.
(321) 302-0763
Listed By:
Jennifer Brown · License #3592570
(321) 412-4021
Source:
Exprealty
Added: Jul 28, 2025
Changed: Oct 14
Last Checked: Oct 12 at 8:29PM
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 Relentless Real Estate Co.
Investment Insights
Based on property information with market context.
This renovated flex property comprises two industrial buildings totaling 8,256 square feet. The complex includes 32 overhead bay doors, with 16 serving each building, along with 10-foot ceilings, a restroom in each structure, and drive-through capability. Improvements include new garage doors and windows, fresh paint, new AC units, and updated electrical systems. One bay has a dedicated paint booth setup for specialized work.
The property is fully fenced and gated at 7731 Industrial Rd in West Melbourne, Florida, just off Ellis Road. Its location provides access to I-95 and destinations throughout Brevard County. The configuration supports operations such as distribution, warehousing, manufacturing, service work, equipment storage, and fleet-based business use.
The property is fully fenced and gated at 7731 Industrial Rd in West Melbourne, Florida, just off Ellis Road. Its location provides access to I-95 and destinations throughout Brevard County. The configuration supports operations such as distribution, warehousing, manufacturing, service work, equipment storage, and fleet-based business use.
Key Highlights
- 8,256 SF industrial complex across two buildings
- 32 overhead bay doors, with 16 per building
- 10‑ft ceilings, restroom, and drive‑through access in each building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,295
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,900
$1.7M
Cap Rate 7%
$1,204,214
$1.2M
Cap Rate 9%
$936,611
$936.6K
Market Conditions
NOI Build-Up for 8,256 SF
Gross rent
$138.7K $16.80/SF
− Vacancy
−$9.0K −$1.09/SF
EGI
$129.7K $15.71/SF
− OpEx
−$45.4K −$5.50/SF
NOI
$84.3K $10.21/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,900
Cap Rate 7%
$1,204,214
Cap Rate 9%
$936,611
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,295 @ 7.0% cap · market cap 7.03%
Second Best
Warehouse
$812.6K
$711.1K – $948.1K
NOI $56,885 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,472 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
10 ft
Clear height
32
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Gated industrial improvements offer drive-through access, updated systems, and adaptable space for multiple commercial operations.
Where is this flex space located?
The property is located at 7731 Industrial Rd West Melbourne, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 8,256 SF industrial complex across two buildings; 32 overhead bay doors, with 16 per building; 10‑ft ceilings, restroom, and drive‑through access in each building
