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    4155 Dow Rd Melbourne, FL 32934

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    For Lease
    Contact for pricing

    Modern Warehouses, Flexible Layouts

    Lot size:
    36,040 SF

    Property Features for 4155 Dow Rd

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,040 SF
    Class
    B
    Total Rate
    54060

    Building Details

    Year Renovated
    2023

    Spaces For Lease

    at 4155 Dow Rd, Melbourne, FL 32934 Contact us
    Unit Unit V

    $18 /Mo

    Size
    800 SF
    Contact us
    Unit Unit M

    $18 /Mo

    Size
    550 SF
    Contact us
    Unit Unit 16

    $18 /Mo

    Size
    480 SF
    Contact us
    Unit Unit 36

    $18 /Mo

    Size
    720 SF
    Contact us
    Unit Unit F

    $18 /Mo

    Size
    1,000 SF
    Contact us
    Unit Unit B1

    $18 /Mo

    Size
    960 SF
    Contact us
    Unit Unit I

    $18 /Mo

    Size
    800 SF
    Contact us
    Unit Unit A2

    $18 /Mo

    Size
    1,440 SF
    Contact us
    Unit Unit K

    $18 /Mo

    Size
    800 SF
    Contact us
    Unit Unit 17

    $18 /Mo

    Size
    480 SF
    Contact us
    Unit Unit 6

    $18 /Mo

    Size
    480 SF
    Contact us
    Unit Unit B2

    $18 /Mo

    Size
    960 SF
    Contact us
    Unit Unit A1

    $18 /Mo

    Size
    1,440 SF
    Contact us
    Unit Unit C

    $18 /Mo

    Size
    800 SF
    Contact us
    Unit Unit J

    $18 /Mo

    Size
    1,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Cassandra Hartford
    Cassandra Hartford

    Listing Agency: Reach Commercial Real Estate Listing Agent: Cassandra Hartford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Melbourne, Florida industrial property, located at 4155 Dow Rd, 32934, offers 36,040 square feet of warehouse space within a two-building flex park. The property, zoned IU in Brevard County, features 15 available units ranging from 480 to 1,000 contiguous square feet, with a minimum divisible space of 480 square feet. Units boast 15-foot clear heights and grade-level overhead doors, perfect for efficient operations. Recently renovated in 2023, the property presents a professional appearance with updated interiors. Layouts include options for office space in front with warehouse space in the rear, or warehouse-only configurations. The property sits on a 5.13-acre lot and is conveniently located minutes from Interstate 95, offering easy access to major transportation routes. It's also a short 14-minute drive to Melbourne Orlando International Airport and within an hour of Orlando's Central Business District. Current tenants represent a diverse mix of businesses, including auto servicing, plumbing, locksmith, and hydraulic services. Monthly lease rates start at $750. This Class B property provides a prime opportunity for businesses seeking versatile and well-maintained warehouse space in a strategic location. The property is comprised of two buildings with a total of two suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    P.D.Q. Locksmith Locksmith Signature Pre-Owned Car Dealership The Boat Guyz (Bike/Boat/Book/etc) Store Sea Level Scuba (Bike/Boat/Book/etc) Store Ken's Auto Repair Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.695333
    Latitude
    28.1071492

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    FAQs

    What type of property is this?
    Distribution center - Modern Warehouses, Flexible Layouts
    Where is this distribution center located?
    The property is located at 4155 Dow Rd Melbourne, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    (321) 300-4773 Call to check price and availability
    Request Owner's contact information
    4155 Dow Rd Melbourne, FL 32934
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    Melbourne, FL 32934
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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.

    More about this property
    4155 Dow Rd Melbourne, FL 32934
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cassandra Hartford
    Cassandra Hartford
    Real Estate License ID: 3296024
    (321) 300-4773 (321) 514-0876
    Learn more
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