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    1918 Aurora Rd Melbourne, FL 32935

    • Automotive properties
    • 938 SF
    • 0.46 lot acres
    For Sale
    View listing
    $599,900
    Value Estimation
    Location Intelligence
    Property ID
    US19-0412331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Automotive properties

    Property Details for 1918 Aurora Rd

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    938 SF
    Zone code
    BU-2
    Property type
    Automotive properties
    APN
    27-37-17-30-0000A.0-0017.00
    APU
    273717300000A0001700

    Description

    This exceptional 1-story, 1957-built commercial property at 1918 Aurora Road, Melbourne, FL 32935, presents a unique investment opportunity. Boasting a substantial 20,037.6 sq ft lot, the property features a main building with three offices, a fully equipped kitchen, and a welcoming reception area. A spacious front deck enhances customer accessibility, while a covered parking area on the building's side provides convenient shelter. Currently zoned for auto sales, this versatile property offers significant potential for a variety of commercial uses. Its prime location on Aurora Road ensures high visibility and accessibility, attracting substantial foot traffic. The large parking lot accommodates numerous vehicles, ensuring ample space for customers and employees. The property's solid construction and functional layout provide a strong foundation for a thriving business. This is an excellent opportunity to acquire a well-situated commercial property in a thriving Florida market. The asking price is $599,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $260,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $270,000
      Mixed-Use
      $225,000
      Hospitality
      $265,000
      Educational
      $275,000
      Residential Income
      $210,000
      Energy
      $285,000
      Income-Based Land
      $275,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6527
    Latitude
    28.1364
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,785
    $105,000
    $34,280
    $139,280
    -
    $105,000
    $34,280
    $139,280

    Comparable in this City

    • Value Estimation
      $260,000
      873 SF

      2617 Aurora Rd

      VEHICLE SALES, RENTALS • 873 SF
      2617 Aurora Rd, Melbourne, FL 32935-2854
      View Details
    • Value Estimation
      $325,000
      1,810 SF

      1866 Aurora Rd

      VEHICLE SALES, RENTALS • 1,810 SF
      1866 Aurora Rd, Melbourne, FL 32935-4132
      View Details
    • Value Estimation by Request
      21,283 SF

      24 Hbr City Blvd

      VEHICLE SALES, RENTALS • 21,283 SF
      24 Hbr City Blvd, Melbourne, FL 32935-6760
      View Details
    • Value Estimation by Request
      6,646 SF

      58 Hbr City Blvd

      VEHICLE SALES, RENTALS • 6,646 SF
      58 Hbr City Blvd, Melbourne, FL 32935
      View Details
    • Value Estimation by Request
      29,053 SF

      776 Magnolia Ave

      VEHICLE SALES, RENTALS • 29,053 SF
      776 Magnolia Ave, Melbourne, FL 32935-6441
      View Details
    • Value Estimation
      $1,130,000
      12,000 SF

      1135 Sarno Rd, Unit B

      VEHICLE SALES, RENTALS • 12,000 SF
      1135 Sarno Rd, Melbourne, FL 32935-5201
      View Details

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    1918 Aurora Rd
    Melbourne, FL 32935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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