Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3000 Lake Washington Rd Melbourne, FL 32934

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3000 Lake Washington Rd Melbourne, FL 32934

    View on Map
    • Retail properties & Spaces
    • 122,912 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lake Washington Crossing / Business Service Center / Corporate Office
    • KFC / Restaurant
    • Dunkin' / Cafe & Coffee Shop
    • Crumbl - Lake Washington / Bakery / Specialty Food Shop
    • Grifols / Alternative Medicine Practice

    Property Details for 3000 Lake Washington Rd

    Property size
    122,912 SF
    Property type
    Retail properties & Spaces

    Description

    Lake Washington Crossing, located at 3000 Lake Washington Rd in Melbourne, Florida (zip code 32934), offers a prime retail opportunity in Brevard County. This multi-tenant commercial property boasts a total of 122,912 square feet, with 9,940 square feet currently vacant and available for lease. Individual spaces range from a minimum of 977 square feet to a maximum contiguous space of 2,700 square feet, providing flexibility for various business needs. The property's address is easily accessible and visible from Lake Washington Road, ensuring high visibility for tenants. The building is categorized as retail commercial space, ideal for a variety of businesses seeking a prominent location in a thriving area. The property is situated in Melbourne, Florida, offering access to a robust local economy and a diverse customer base. This is an excellent opportunity for businesses seeking high-traffic exposure and a well-maintained space. The property's location in Brevard County provides access to a strong regional market and a diverse population. Interested parties are encouraged to inquire about lease terms and available space. The property is ready for immediate occupancy. Contact us to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6723
    Latitude
    28.1487

    Comparable in this City

    • Value Estimation by Request

      3800 Eau Gallie Blvd

      Land
      3800 Eau Gallie Blvd, Melbourne, FL 32934
      View Details
    • Value Estimation by Request
      176 SF

      1616 Alta Ct, Unit 52

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 176 SF
      1616 Alta Ct, Melbourne, FL 32934-9058
      View Details
    • Value Estimation
      $835,000
      3,313 SF

      77 Lamplighter Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,313 SF
      77 Lamplighter Dr, Melbourne, FL 32934-8009
      View Details
    • Value Estimation by Request
      5.00 Acres

      Eau Gallie Blvd

      Automotive properties • 5.00 Acres
      0 Eau Gallie Blvd, Melbourne, FL 32934
      View Details
    • Value Estimation by Request
      984 SF

      1110 Bridgewater Dr, Unit 122

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 984 SF
      1110 Bridgewater Dr, Melbourne, FL 32934-3201
      View Details
    • Value Estimation by Request
      1.98 Acres

      Melbourne, FL 32934

      SHOW ROOM, WAREHOUSE • 1.98 Acres
      Melbourne, FL 32934
      View Details

    Similar Nearby for Sale

    • $2,000,000
      1.91 Acres

      Melbourne Commercial Land - 1.91 Acres

      High-Visibility Mixed-Use Development Opportunity
      4025 Eau Gallie Blvd, Melbourne, FL 32934
      View Details
    • Contact for pricing
      11,000 SF

      Melbourne Class A Retail Investment

      New 11,000 SF Class A Sunbelt Rentals investment opportunity.
      4320 Dow Rd, Melbourne, FL 32934
      View Details
    • Contact for pricing
      1,200 SF

      Melbourne Industrial Condo For Sale

      1,200 SF industrial condo in Melbourne Industrial Park.
      4000 Dow Rd, Melbourne, FL 32934
      View Details
    • $1,895,000
      7,500 SF

      New Industrial Warehouse Space

      7,500 SF warehouse with M-1 zoning available for rent.
      691 Washburn Rd, Melbourne, FL 32934
      View Details
    • Contact for pricing
      15,000 SF

      Melbourne Flex Space For Sale

      15,000 SF flex space near I-95 in Melbourne, FL.
      618 Washburn Rd, Melbourne, FL 32934
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Washburn Road Storage and Parking

      Storage bay and unit with trailer/parking storage available for lease.
      772 Washburn Rd, Melbourne, FL 32934
      View Details
    • Contact for pricing
      977 SF

      Retail Space in Melbourne Center

      Retail space available in a busy Melbourne shopping center.
      3000-3256 Lake Washington Rd, Melbourne, FL 32934
      View Details
    • $14 SF/Yr

      Office and Warehouse Space Available

      Office and warehouse space near Eau Gallie Arts District.
      3030-3070 Venture Ln, Melbourne, FL 32934
      View Details
    • $16 SF/Yr

      Melbourne Flex Space For Lease

      Flex space available for lease in central Melbourne location.
      3127 Skyway Cir, Melbourne, FL 32934
      View Details
    • Contact for pricing
      83,200 SF

      Edge 5: Melbourne Commercial Land

      1.91 Acres, M-1 Zoning, Build-to-Suit
      4025 Eau Gallie Blvd, Melbourne, FL 32934
      View Details
    • Contact for pricing
      194,480 SF

      Class A Distribution Center

      Prime industrial campus in Melbourne, Florida's industrial corridor.
      500 North Dr, Melbourne, FL 32934
      View Details
    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.
    3000 Lake Washington Rd
    Melbourne, FL 32934
    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!