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    2920 Dairy Rd Melbourne, FL 32904

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2920 Dairy Rd

    Property type
    Land

    Description

    This exceptional one-acre commercial lot, located at 2920 Dairy Road in West Melbourne, Florida, presents a unique investment opportunity. Boasting a generous 43,560 square feet, this property is ideally situated near a vibrant array of amenities, including shopping centers, diverse restaurants, and the cultural heart of Downtown Melbourne. Beach access is also conveniently within a short driving distance. The lot itself offers a blend of natural beauty and practicality. Partially cleared and filled, it features mature oak trees, adding to its aesthetic appeal. Its dimensions approximate 70 feet wide and 600 feet deep, providing ample space for development. City water and septic services are readily available, simplifying the development process. Currently zoned Agricultural, this property offers significant potential for various commercial ventures. The strategic location, combined with the lot's size and existing infrastructure, makes this an attractive proposition for discerning investors seeking a foothold in a thriving Florida market. The property's address is 2920 Dairy Road, Melbourne, FL 32904.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6383
    Latitude
    28.0648

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    2920 Dairy Rd
    Melbourne, FL 32904
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    Realmo Value Estimation

    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.

    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.

    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
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