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    621 Palmetto Ave Melbourne, FL 32901

    Sponsored
    For Lease
    $15 SF/Yr

    900 sq ft Warehouse - Ideal for Storage

    Lot size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant warehouse, located in the vibrant Downtown Melbourne area, offers 900 square feet of versatile space perfect for storage or workspace needs. The building features a 16-foot clear height ceiling, easily accommodating large vehicles like trucks, RVs, or boats. Access is convenient via a double-car garage door. The property also includes a private gated parking area with capacity for up to five vehicles, providing ample parking and security. Situated on a 0.13-acre lot, this standalone building (APN: 28-37-03-01-00039.0-0009.00) presents a unique opportunity. Potential tenants should be aware of the following requirements: a minimum credit score of 600, proof of income at least three times the monthly rent, and payment of a $75 per adult application fee, lease preparation fee, security deposit, first month's rent, and last month's rent. Tenant responsibilities include applicable taxes, electricity, repairs, parking lot maintenance, and liability insurance. This property is a single-story structure with one suite. Don't miss this chance to secure this prime industrial space.

    Property Features for 621 Palmetto Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    900 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    900 SF
    Rate per SF
    $15

    HighLights

    • 900 sq. ft. single‑tenant warehouse for lease.
    • Located in Downtown Melbourne area.
    • 16‑foot clear height ceiling.
    • Double‑car garage door.
    • Gated parking for up to five cars.
    • 0.13‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Central Florida Bedding Mattress Store

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Hair Salon Spa & Massage Clothing Store Food Market Nail Salon Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6104119
    Latitude
    28.0800506

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    FAQs

    What type of property is this?
    Distribution property - 900 sq ft Warehouse - Ideal for Storage
    Where is this distribution property located?
    The property is located at 621 Palmetto Ave Melbourne, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 900 sq. ft. single-tenant warehouse for lease.; Located in Downtown Melbourne area.; 16-foot clear height ceiling.
    Request Owner's contact information
    621 Palmetto Ave Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    621 Palmetto Ave Melbourne, FL 32901
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