Light Industrial Flex
816 E Seminole Avenue Melbourne, FL 32901
816 E Seminole Avenue, Melbourne, FL, 32901
$420,000
For Sale
$420,000
Recently rebuilt flex/industrial building with a paved RV carport and M-1 zoning.
Property Size1,152 SF
Price / SF$364.58
Days on Market73
Property Features for 816 E Seminole Avenue
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Office
Building Details
- Year Built
- 1964
Listing agency
(321) 961-7381
Listed by
Reach Commercial Real Estate
(321) 961-7381
Source
Xome
Added: May 12 Updated: Jul 23 at 12:01AM Checked: Jul 23 at 12:01AM
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 Reach Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale light industrial flex building includes 1,152 SF of enclosed space plus a 720 SF paved RV carport designed to accommodate approximately 6–8 parking spots. The improvements were taken down to the studs and rebuilt during 2024–2025, including a new roof, HVAC system, plumbing and piping, and two bathrooms. Interior upgrades include new insulation, drywall, baseboards, and flooring throughout, along with hurricane-proof impact doors and windows.
Additional on-site features include a 6' x 10' storage/work shed with electric service and an AC window unit. The property is zoned M-1 (Light Industrial District), offering flexible use potential consistent with light industrial zoning.
The combination of newly renovated interior space and dedicated covered RV parking supports a variety of light industrial and flex-oriented operating needs under the current zoning classification.
Additional on-site features include a 6' x 10' storage/work shed with electric service and an AC window unit. The property is zoned M-1 (Light Industrial District), offering flexible use potential consistent with light industrial zoning.
The combination of newly renovated interior space and dedicated covered RV parking supports a variety of light industrial and flex-oriented operating needs under the current zoning classification.
Key Highlights
- 1,152 SF building plus 720 SF paved RV carport with parking for 6–8 vehicles
- Total gut renovation stripped to studs and rebuilt in 2024–2025, including new insulation, drywall, baseboards, and flooring
- New roof, HVAC system (electric cooling), and updated plumbing/piping; 2 bathrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.9k | $21.60 |
| − Vacancy | −$4.0k | −$3.46 |
| EGI | $20.9k | $18.14 |
| − OpEx | −$5.2k | −$4.54 |
| NOI | $15.7k | $13.61 |
1,152 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$223.9K
$196.0K – $261.3K
NOI $15,676 @ 7.0% cap · market cap 3.73%
Second Best
Flex RnD
$168.0K
$147.0K – $196.0K
NOI $11,762 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$303.9K
$265.9K – $354.6K
NOI $21,275 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Soul Sushi 9 (Food Truck) — Melbourne, FL 32901
FAQs
What type of property is this?
Flex space - Recently rebuilt flex/industrial building with a paved RV carport and M-1 zoning.
Where is this flex space located?
The property is located at 816 E Seminole Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,152 SF building plus 720 SF paved RV carport with parking for 6–8 vehicles; Total gut renovation stripped to studs and rebuilt in 2024–2025, including new insulation, drywall, baseboards, and flooring; New roof, HVAC system (electric cooling), and updated plumbing/piping; 2 bathrooms
