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Property profile & analytics
OFF-MARKET
Land

5819 Crane Rd Melbourne, FL 32904

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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