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Property profile & analytics
OFF-MARKET
Warehouses

245 East Dr Melbourne, FL 32904

12,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Total area 12,000 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
Current use
Occupant on record · Public records
  • Newman Kitchen & Bath General Contractor
  • Aviation Inspection & Services Home Inspector Education
  • Apex Aerospace (USA) LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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