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Property profile & analytics
OFF-MARKET
Industrial properties

2825 2825 Blvd Melbourne, FL 32940

0.14 ac lot Built 1999
Property ID
Property summary
AI-generated overview

This 1,200 square foot commercial condominium unit is located at 2825 Business Center B-7, 2825 Boulevard, Melbourne, Florida, and is part of the Wickham Business Park. The property sits on a 0.14-acre lot and is priced at $250,000. The unit features a fully functioning 5-ton air conditioning system installed in 2018, making it comfortable year-round. It offers convenient access with both front and rear entry doors, as well as a 10x12 roll-up door at the front. Previously used as a recording studio, this versatile space is zoned for light industrial use, allowing for a variety of applications including warehouse, office, or retail. The monthly association fee of $320 covers a comprehensive range of services, including insurance, common area maintenance, management fees, reserves, water, sewer, and garbage disposal. The professionally managed association boasts well-funded reserves dedicated to maintaining the property's key features. Recent improvements within the past five years include roof replacements, building repainting, and awning replacements, ensuring the property is well-maintained and ready for immediate occupancy.

Property profile
Verified
Property type Industrial properties
Year built 1999
Lot 0.14 ac (6,098 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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