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    0000 Commerce Dr Melbourne, FL 32904

    For Sale
    $420,000

    Prime 0.7-acre lot, ideal for warehousing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional opportunity presents a rare chance to acquire a highly desirable 0.7-acre industrial lot (Lot 2) situated in the thriving Melbourne Airport community. Part of a larger 4.68-acre parcel, this property offers flexibility

    Property Features for 0000 Commerce Dr

    General Information

    Property type
    Distribution properties

    HighLights

    • 0.7‑acre industrial lot (Lot 2) in the Melbourne Airport community.
    • Part of a larger 4.68‑acre parcel, offering development flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Clothing 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
    -80.6581569
    Latitude
    28.0961362

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    FAQs

    What type of property is this?
    Distribution property - Prime 0.7-acre lot, ideal for warehousing.
    Where is this distribution property located?
    The property is located at 0000 Commerce Dr 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: 0.7-acre industrial lot (Lot 2) in the Melbourne Airport community.; Part of a larger 4.68-acre parcel, offering development flexibility.;
    Request Owner's contact information
    0000 Commerce Dr Melbourne, FL 32904
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    Melbourne, FL 32904
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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
    0000 Commerce Dr Melbourne, FL 32904
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