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    825 John Rodes Blvd Melbourne, FL 32904

    For Sale
    $4,033,400

    18.76-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 18.76-acre industrial land parcel, located at 825 S John Rodes Blvd, West Melbourne, FL 32904, presents a significant development opportunity. Zoned M-1 Light Industrial, this property boasts 631+ feet of frontage on John Rodes Blvd, a two-lane paved road, ensuring excellent highway exposure. The site's dimensions are approximately 631+ feet on John Rodes Blvd, 1,287+ feet on the north boundary, 624+ feet on the east boundary, and 1,288+ feet on the south boundary. While approximately 7.2 acres are wetlands, development is potentially feasible with estimated mitigation costs of $150,000 per acre. Conveniently situated, the property benefits from an 8" water main at the southeast corner of John Rodes Blvd and Ellis Road, and gravity sewer access on John Rodes Blvd near Fortune Place Industrial Park. Currently, a Lamar Billboard lease generates $3,000 annually, renewing yearly on July 1st, with the next renewal concluding June 30th, 2024, and a 60-day termination notice. The property is free of apparent adverse easements or encroachments. This offering presents a compelling investment prospect for industrial development in a strategic location. The asking price is $4,033,400.

    Property Features for 825 John Rodes Blvd

    General Information

    Property type
    Land
    Lot Size
    817,186 SF

    HighLights

    • $4,033,400 asking price for 18.76 acres of industrial land.
    • M‑1 Light Industrial zoning in West Melbourne, Florida.
    • Located at 825 S John Rodes Blvd, Melbourne, FL 32904, with 631+ feet of frontage on John Rodes Blvd.
    • Utilities include an 8" water main and gravity sewer nearby. Approximately 7.2 acres of wetlands present, requiring estimated mitigation costs. Existing billboard lease generating $3,000 annual income, expiring 6/30/2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6981195
    Latitude
    28.0964644

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    FAQs

    What type of property is this?
    Land - 18.76-acre industrial lot, prime location.
    Where is this land located?
    The property is located at 825 John Rodes Blvd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $4,033,400.
    What are key features of this property?
    This property features: $4,033,400 asking price for 18.76 acres of industrial land.; M-1 Light Industrial zoning in West Melbourne, Florida.; Located at 825 S John Rodes Blvd, Melbourne, FL 32904, with 631+ feet of frontage on John Rodes Blvd.
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    Realmo Value Estimation

    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.

    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.

    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
    825 John Rodes Blvd Melbourne, FL 32904
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