2825 2825 Blvd Melbourne, FL 32940
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.