Flex Space with Grade-Level
For Sale
Contact for pricing
8 S John Rodes Blvd, Melbourne, FL 32904
Configured for office operations, warehouse functions, light assembly, and manufacturing under M-1 zoning.
Property Size5,376 SF
Price / SF$79.06
Days on Market546
Property Features for 8 S John Rodes Blvd
General Information
Standard status
Active
Size
5,376 SF
Total Parking Spaces
6
Property subtype
INDUSTRIAL
Zoning
M-1
Financials
Gross Income
$75,600
HOA Fee
$322
Warehouse & Industrial
Warehouse Space
1,151 SF
Office Build-Out
4,225 SF
Drive-In Doors
2
Three-Phase Power
No
Additional Details
Utilities to Site
Yes
Office Units
1
Building Details
Buildings
1
Stories
2
Building Size
5,376 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Ullian · License #3445627
(321) 750-3439
Source:
Moodyscre
Added: Apr 17, 2025
Changed: Oct 7
Last Checked: Oct 12 at 5:19PM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This 5,376-square-foot flex property combines approximately 1,151 square feet of warehouse area with 4,225 square feet of HVAC office space. The two-level layout includes reception, six offices, a conference room, bullpen, and break room, along with two approximately 9-foot-wide by 10-foot-tall grade-level doors. The building footprint is 2,688 square feet, with an additional 2,688 square feet upstairs.
Located at 8 S John Rodes Blvd in Melbourne, the property is zoned M-1 for light assembly, manufacturing, office, warehouse, and other stated uses. Improvements include city water and sewer, 1-phase FPL electric, and six paved, striped, lighted asphalt parking spaces. Three-phase power is nearby. The existing term expires 9/30/25 and includes two 1-year renewal options with 2% annual escalators.
Located at 8 S John Rodes Blvd in Melbourne, the property is zoned M-1 for light assembly, manufacturing, office, warehouse, and other stated uses. Improvements include city water and sewer, 1-phase FPL electric, and six paved, striped, lighted asphalt parking spaces. Three-phase power is nearby. The existing term expires 9/30/25 and includes two 1-year renewal options with 2% annual escalators.
Key Highlights
- 5,376 SF total, including approximately 1,151 SF warehouse and 4,225 SF HVAC office
- Two 9’ wide x 10’ tall +/- grade‑level doors
- M‑1 zoning supports light assembly/manufacturing, office, warehouse & more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,041
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,820
$740.8K
Cap Rate 7%
$529,157
$529.2K
Cap Rate 9%
$411,567
$411.6K
Market Conditions
NOI Build-Up for 5,376 SF
Gross rent
$45.2K $8.40/SF
− Vacancy
−$1.6K −$0.29/SF
EGI
$43.6K $8.11/SF
− OpEx
−$6.5K −$1.22/SF
NOI
$37.0K $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%
$740,820
Cap Rate 7%
$529,157
Cap Rate 9%
$411,567
Alternative Uses
Best Use
Office B
$1.05M
$914.5K – $1.22M
NOI $73,157 @ 7.0% cap · market cap 17.21%
Second Best
Flex RnD
$784.1K
$686.1K – $914.8K
NOI $54,890 @ 7.0% cap · market cap 12.92%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,284 @ 7.0% cap · market cap 23.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
1
Office units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Configured for office operations, warehouse functions, light assembly, and manufacturing under M-1 zoning.
Where is this flex space located?
The property is located at 8 S John Rodes Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,376 SF total, including approximately 1,151 SF warehouse and 4,225 SF HVAC office; Two 9’ wide x 10’ tall +/- grade‑level doors; M‑1 zoning supports light assembly/manufacturing, office, warehouse & more
