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Property profile & analytics
OFF-MARKET
Land

0 Parkway Dr Melbourne, FL 32934

39.72 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 39.72-acre parcel of undeveloped wooded land presents a unique investment opportunity in Melbourne, Florida. Strategically located just west of N. Wickham Road, this property enjoys convenient access to a full range of amenities. The land is currently in its natural state, offering a blank canvas for future development. However, it's important to note that mitigation will be required before any construction can commence. This factor should be considered during the due diligence process. The property's substantial size provides ample space for a variety of commercial projects, making it suitable for developers seeking a significant land holding in a thriving area. The address is Parkway Dr, Melbourne, FL 32934, within Brevard County. The asking price for this expansive tract is $1,500,000. Prospective buyers are encouraged to conduct thorough site inspections and engage with relevant authorities to fully understand the development requirements and potential. This property offers considerable potential for long-term growth and return on investment. The location's proximity to established infrastructure and amenities further enhances its appeal.

Property profile
Verified
Property type Land
Lot 39.72 ac (1,730,203 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
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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