245 East Dr Melbourne, FL 32904
This exceptional 12,000-square-foot warehouse property, located at 245 East Drive in Melbourne, Florida (zip code 32904), presents a compelling investment opportunity. Priced at $1,699,000, this multi-tenant industrial building boasts a prime location within Melbourne's thriving industrial sector. The property features a modified lease structure and offers significant advantages for both investors and tenants. Each suite includes two restrooms and one overhead door, ensuring convenience and functionality. Ample parking is provided with 78 spaces available. The entire building is fully air-conditioned, a significant benefit in Florida's climate. Tenants enjoy excellent access to Melbourne International Airport, facilitating efficient logistics and transportation. The strategic location near Interstate 95, Viera, and prominent national tenants like Harris Corp. further enhances the property's appeal and potential for strong rental income. This well-maintained warehouse offers a rare combination of size, location, and amenities, making it an ideal investment in a rapidly growing market. The property is situated in Brevard County and its coordinates are 28.104371 latitude and -80.6884309 longitude.
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Newman Kitchen & Bath General Contractor
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Aviation Inspection & Services Home Inspector Education
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Apex Aerospace (USA) LLC Freight Service Logistics Company
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
Similar Nearby for Sale
Similar Nearby for Lease
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.