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    Property profile & analytics

    1944 Aurora Rd Melbourne, FL 32935

    • Automotive properties
    • 1,612 SF
    • 0.46 lot acres
    For Lease
    View listing
    $44 SF/Yr
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US18-4768317
    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

    • Fast Track Auto / Car Dealer
    • EuroMaxAutomotive / Auto Repair Shop
    • Eagle Tires Usa / Shopping Mall
    • Select Auto - Melbourne / Car Dealer
    • AutoMax of Brevard / Car Dealer / Used Car Dealer

    Property Details for 1944 Aurora Rd

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    1,612 SF
    Zone code
    BU-2
    Property type
    Automotive properties
    APN
    27-37-17-30-0000A.0-0018.00
    APU
    273717300000A0001800

    Description

    This exceptional 0.46-acre commercial land parcel at 1944 Aurora Road, Melbourne, FL 32935, presents a unique investment opportunity. The property boasts a 1,612 square foot building featuring seven offices, perfect for a variety of businesses. The building includes two suites and a fully equipped kitchen, offering convenience and functionality. Previously used as a car lot, the ample space is well-suited for similar ventures or adaptable to other commercial uses. The property's zoning, BU2, allows for a wide range of licensed businesses. Its prime location on a main road in Melbourne ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs seeking a thriving commercial space. The APN is 27-37-17-30-0000a.0-0018.00. This single-tenant property offers a turnkey solution for businesses looking to establish or expand their operations in a dynamic and desirable area of Melbourne, Florida. The existing building has been remodeled, offering a modern and functional workspace. Don't miss this chance to secure a prominent commercial location with significant potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $285,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $355,000
      Mixed-Use
      $280,000
      Hospitality
      $340,000
      Educational
      $325,000
      Residential Income
      $265,000
      Energy
      $260,000
      Income-Based Land
      $335,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.653
    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
    $2,774
    $105,000
    $40,660
    $145,660
    -
    $105,000
    $40,660
    $145,660

    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
      $310,000
      1,800 SF

      1765 Aurora Rd

      VEHICLE SALES, RENTALS • 1,800 SF
      1765 Aurora Rd, Melbourne, FL 32935-4153
      View Details

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    1944 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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