0000 Commerce Dr Melbourne, FL 32904
This exceptional opportunity presents a rare chance to acquire a highly desirable industrial land parcel in the heart of Melbourne's thriving Airport community. The property, encompassing approximately 0.70 acres (Lot 3), is part of a larger 4.68-acre tract available for sale either as a whole or in 0.70-acre increments. This versatile land boasts convenient access to major transportation arteries, including Interstate 95, US1, and NASA Boulevard, ensuring seamless logistics for any business. City water and sewer, FPL electric, and natural gas services are projected for delivery in Q1 2024. The property's Light Industrial (M1) zoning permits a wide range of uses, including light assembly, light manufacturing, and warehousing. Its strategic location offers proximity to significant employers such as Northrop Grumman, GE, L3Harris, Satcom Direct, and Extant Aerospace, as well as the Melbourne Square Mall and the vibrant downtown area, providing employees with ample amenities and convenient access to dining, daycare, and schools. This is an unparalleled chance to establish your business in a prime location with excellent infrastructure and a strong surrounding economy. The asking price for this exceptional 30,492 square foot lot is $420,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.