Property profile

746 North Dr Melbourne, FL 32934

OFF-MARKET
Life science properties
10,550 SF 3.35 ac lot
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Property summary

AI-generated overview

This exceptional 10,550 square foot flex space in Melbourne's thriving business park offers unparalleled versatility. The property features two suites, divisible to a minimum of 4,600 square feet, or combinable for a contiguous 10,550 square feet. Suite A offers approximately 4,600 square feet, combining roughly 2,400 square feet of office space with 2,200 square feet of warehouse area. Suite B provides approximately 5,950 square feet, with roughly 2,900 square feet of office space and 3,050 square feet of warehouse/integration space. Both suites boast 100% HVAC, and each includes one 14' wide x 12' tall (approx.) and one 14' wide x 10' tall (approx.) grade-level door. Warehouse ceiling heights range from 11'8" to 14' (approx.). The property sits on a 3.35-acre lot and is a single-story Class B building with four drive-in doors. Utilities include city water/sewer, fiber optic capabilities, and robust 3-phase 208Y/120 400A FPL electric service. The M-1 zoning allows for a wide range of uses, including light assembly, electronic assembly, light manufacturing, office space, and warehousing. Estimated operating expenses are $3.25 per square foot. Strategically located near Interstate 95, Ellis Road, and Wickham Road, this property enjoys proximity to major employers such as Melbourne International Airport, L3Harris, Northrop Grumman, and Extant Aerospace. This prime location and flexible space make it an ideal choice for a variety of businesses.

Property profile

Verified
Property type Life science properties
Total area 10,550 SF
Lot 3.35 ac (145,926 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Big Box & Wholesale Store Distribution Center

Location

746 North Dr Melbourne, FL 32934
Melbourne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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