6915 Sheridan Rd Melbourne, FL 32904
This exceptional 33,541 square foot commercial and residential lot is located at 6915 Sheridan Road in Melbourne, Florida, zip code 32904. Priced at $325,000, this cleared lot presents a unique opportunity for development. Its prime location in Melbourne Village offers easy access to major employers, including Northrup Grumman Headquarters and General Electric, as well as Orlando/Melbourne International Airport (MLB). The property benefits from proximity to beaches, shopping, and restaurants, enhancing its appeal and potential for various uses. Melbourne Village provides a family-friendly atmosphere with community events, walking trails, catering halls, and a community pool (with an optional AHF membership). Importantly, there is no HOA, and the area enjoys deputy-patrolled security. The existing home has been removed, leaving the lot cleared and ready for immediate construction, making this an ideal opportunity for developers or those seeking to build a custom home in a desirable location. The property's size and location make it suitable for a range of commercial and residential projects. This is a rare opportunity to acquire a large, well-situated lot in a thriving community.
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
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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.