5819 Crane Rd Melbourne, FL 32904
This exceptional 31,500 square foot lot presents a unique opportunity in Melbourne, Florida. Located at 5819 Crane Road, zip code 32904, this property offers both commercial and residential potential. The expansive lot size provides ample space for a variety of development options. Situated in a desirable neighborhood, it boasts a tranquil setting with quiet roads perfect for leisurely strolls and cycling. The area features 50 acres of parkland and trails, offering easy access to nature. The lot itself feels even larger due to a 180-foot canal right-of-way to the south. An optional homeowner's association provides access to a community pool, garden, playground, and year-round events. This convenient location offers proximity to high-tech employment opportunities, excellent schools, golf courses, tennis courts, a marina, and Brevard County's renowned beaches. Nearby amenities include Erna Nixon Park, a movie theater, restaurants, and shopping centers. The property is free from homeowner's association restrictions, allowing for ample space for boats or RVs. Accessory dwellings are permitted, and city water is already connected. While drive-bys are permitted, appointments are required for parking and property access.
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.