Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4155 Dow Rd Palm Bay, FL 32905
    Property profile & analytics

    4155 Dow Rd, Palm Bay, FL 32905

    View on Map
    • Warehouses
    For Lease
    $18 SF/Yr
    View Listing →
    Melbourne Warehouse Space for Lease For Lease
    $18 SF/Yr

    Melbourne Warehouse Space for Lease

    1,000 sq ft Warehouse - Dow Rd

    Melbourne, FL 32905
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4155 Dow Rd

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 1,000 square foot warehouse space is available for lease within the desirable Dow Business Park, located at 4155 Dow Road in Melbourne. Situated in a two-building flex park, this single-tenant unit boasts 15-foot clear heights and convenient grade-level overhead doors. Recent major upgrades were completed in 2023, ensuring a modern and efficient workspace. The property is part of a diverse tenant mix, including businesses in auto-servicing, plumbing, locksmith, and hydraulic services. Enjoy the benefits of a prime location, just minutes from Interstate 95, providing easy access to major transportation routes. Commuting is also simplified with its proximity to Melbourne Orlando International Airport (a 14-minute drive) and only an hour from Orlando's Central Business District. This warehouse offers an excellent opportunity for businesses seeking a functional and well-located space. While the lot size is not specified, the building itself provides ample space for various industrial needs. The property's APN is 27-36-26-00-5. Smaller units ranging from 480 to 1000 square feet are also available within the park, with starting monthly rental rates at $750. This property is ideal for businesses seeking a convenient and well-maintained warehouse space in a thriving business park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6049
    Latitude
    28.0299

    Comparable in this City

    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • Value Estimation by Request

      0000 Kirby Cir

      Distribution properties
      0000 Kirby Cir, Palm Bay, FL 32905
      View Details
    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
      View Details

    Similar Nearby for Sale

    • $2,925,000

      Palm Bay Warehouse Units

      Eleven warehouse units totaling 17,482 SF for sale.
      2720 Kirby Cir NE, Palm Bay, FL 32905
      View Details
    • Contact for pricing
      11,734 SF

      Palm Bay Industrial Asset

      Single-tenant, net-leased industrial property in a rapidly growing Florida market.
      2575 Doreatha Fields Ave, Palm Bay, FL 32905
      View Details
    • $79,500

      Palm Bay Commercial Land - $79,500

      Prime 10,019 SF Commercial Lot
      1039 Hooper Ave, Palm Bay, FL 32905
      View Details
    • Contact for pricing
      5,564 SF

      Established Restaurant on Palm Bay

      Freestanding restaurant on a high-traffic thoroughfare in Melbourne, Florida.
      1545 Palm Bay Rd NE, Melbourne, FL 32905
      View Details
    • Contact for pricing

      Palm Bay Mixed-Use Development Opportunity

      7+ acres for commercial or mixed-use development with frontage.
      1790 Palm Bay Rd NE, Palm Bay, FL 32905
      View Details
    • Contact for pricing

      Palm Bay Redevelopment Opportunity

      0.82-acre parcel with 2,157 SF building, prime redevelopment opportunity.
      4800 Babcock St NE, Palm Bay, FL 32905
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      480 SF

      Palm Bay Warehouse For Lease

      480 sq ft Industrial Space, $750/month
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • $18 SF/Yr
      800 SF

      Palm Bay Warehouse Space for Lease

      800 sq ft Industrial Warehouse in Melbourne, FL
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • $18 SF/Yr
      1,000 SF

      Melbourne Warehouse Space For Lease

      1,000 sq ft Warehouse - Dow Rd
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • $18 SF/Yr
      480 SF

      Melbourne Warehouse Space for Lease

      480 sq ft warehouse, ideal for small business
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • $18 SF/Yr
      480 SF

      Palm Bay Warehouse For Lease

      480 sq ft Warehouse, Great Location
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    • $18 SF/Yr
      480 SF

      Palm Bay Warehouse Space for Lease

      480 sq ft Warehouse, Great Location
      4155 Dow Rd, Palm Bay, FL 32905
      View Details
    View Listing
    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.
    4155 Dow Rd
    Palm Bay, FL 32905
    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

    Thank You for Inquiry
    4155 Dow Rd, Palm Bay, FL, 32905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!