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Property profile & analytics
OFF-MARKET
Warehouses

245 East Dr Melbourne, FL 32904

12,000 SF 1.86 ac lot Built 1984
Property ID
Property summary
AI-generated overview

This exceptional 12,000-square-foot property in Melbourne, Florida, presents a unique opportunity for businesses seeking versatile space. Located at 245 East Dr, 32904, this single-story building, constructed in 1984, seamlessly blends warehouse and traditional office functionality, offering a flexible solution for various needs. The property is zoned LI and sits on a generous 1.86 acres of land, providing ample room for expansion or outdoor operations. The building features a single structure with multiple tenancies, currently offering one available suite of 3,000 square feet. Each suite includes two restrooms and one overhead door, ensuring convenient access and operational efficiency. The property boasts 3-phase power, a significant advantage for businesses requiring substantial electrical capacity. Ample parking is available with 78 spaces provided. The building is fully air-conditioned, creating a comfortable and productive work environment. This prime location within Melbourne's industrial submarket offers excellent accessibility and visibility, making it an ideal choice for a variety of businesses. The property's combination of warehouse and office space, along with its generous land area and parking, makes it a highly desirable asset.

Property profile
Verified
Property type Warehouses
Year built 1984
Total area 12,000 SF
Lot 1.86 ac (81,022 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
Current use
Occupant on record · Public records
  • Newman Kitchen & Bath General Contractor
  • Aviation Inspection & Services Education Home Inspector
  • Apex Aerospace (USA) LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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