Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    West Melbourne, FL 32904 West Melbourne, FL 32904

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Acre for lease near I-95, high-traffic retail area.

    Type:Land
    Added:
    Nov 25, 2025
    Days on Market:
    135
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Greg Godino

    Listing agent Greg Godino

    Listing office

    Listing date Nov 25, 2025

    Source Atlanticretail

    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 Greg Godino

    Overview

    Prime Acreage Near I-95

    One acre of commercial land is available for lease or build-to-suit opportunities. This outparcel is the last remaining one in the West Melbourne Interchange Center. The center is anchored by Esporta Fitness, Sprouts Farmers Market (opening in 2023), The Learning Experience, Hooter’s, Racetrac, Extended Stay America, and Springhill Suites. The shopping center attracted 1.3 million annual visits in 2023, with 1.5 million projected for 2024. The property is conveniently positioned adjacent to I-95, which has an average daily traffic count of 65,500, a Walmart Supercenter, and a Bass Pro Shops. The surrounding trade area contains the highest population densities in Brevard County. The zoning is C-1 (West Melbourne) within the Interchange Commercial Overlay District.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.7009
    Latitude
    28.0719

    Nearby Similar for Lease

    • Contact for pricing

      West Melbourne Warehouse with Office

      1,250 SF warehouse with office space for lease.
      7605 Progress Circle unit: 5, West Melbourne, FL 32904
      View Details
    • $12/mo

      Industrial Unit Near NASA Boulevard

      Flex space with easy access to major roads and employers.
      6945 Sonny Dale Drive, West Melbourne, FL 32904
      View Details
    • $11/mo

      West Melbourne Warehouse with Office

      10,000 SF warehouse with 2,100 SF office space.
      7100-7600 Technology Dr, West Melbourne, FL
      View Details
    • Contact for pricing

      Commercial Land For Rent

      New construction commercial land for rent, delivery Q1 2026.
      6940 Sonny Dale Drive, West Melbourne, FL 32904
      View Details
    • Contact for pricing

      Industrial Land For Rent

      Located in Melbourne's industrial market with high visibility.
      9175 Ellis Road, West Melbourne, FL 32904
      View Details
    • Contact for pricing

      Prime Acre on Hollywood Blvd

      One acre commercial land available for lease or build-to-suit.
      Hollywood Blvd & Palm Bay Rd NE, West Melbourne, FL 32904
      View Details
    • Contact for pricing

      Retail Space in West Melbourne

      5,500 SF retail space available for lease.
      150 St Johns Heritage Pkwy, West Melbourne, FL
      View Details

    FAQs

    What type of property is this?
    Commercial land - Acre for lease near I-95, high-traffic retail area.
    Where is this commercial land located?
    The property is located at West Melbourne, FL.
    What are key features of this property?
    This property features: Last remaining outparcel in West Melbourne Interchange Center.; **High traffic location** adjacent to I‑95 (65,500 ADT), Walmart Supercenter, and Bass Pro Shops.; Anchored by Esporta Fitness, Sprouts Farmers Market (2023), Learning Experience, Hooter’s, Racetrac, Extended Stay America, and Springhill Suites.
    (561) 424-3013
    We can help!
    Listing Contact
    Greg Godino
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!