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    1030 Aurora Rd Melbourne, FL 32935
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    1030 Aurora Rd Melbourne, FL 32935

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    • Truck terminals
    • 3,280 SF
    • 0.31 lot acres
    For Lease
    $3,850/Mo
    View Listing →
    Renovated Warehouse and Showroom Space For Lease
    $3,850/Mo
    3,280 SF

    Renovated Warehouse and Showroom Space

    Extensively renovated warehouse and showroom with expansion options available.

    1030 Aurora Road, Melbourne, FL 32935
    View Listing
    Property ID
    US18-5446952
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HI Auto Motors used cars dealer / Car Dealership
    • TINT HUB / Interior Design / Auto Repair Shop
    • GT Radial Tire Service LLC / Auto Repair Shop

    Property Details for 1030 Aurora Rd

    Year built
    1974
    Construction
    FRAME
    Lot size
    0.31 lot acres
    Property size
    3,280 SF
    Zone code
    M1
    Property type
    Truck terminals
    APN
    27-37-16-25-00000.0-0013.03
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.636
    Latitude
    28.134
    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
    $4,183
    $60,060
    $163,950
    $224,010
    -
    $60,060
    $163,950
    $224,010

    Comparable in this City

    • Value Estimation
      $10,110,000
      15,200 SF

      2624 Aurora Rd, Unit 2

      TRUCK TERMINAL (MOTOR FREIGHT) • 15,200 SF
      2624 Aurora Rd, Melbourne, FL 32935-2879
      View Details
    • Value Estimation
      $530,000
      6,750 SF

      1421 General Aviation Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 6,750 SF
      1421 General Aviation Dr, Melbourne, FL 32935-6332
      View Details
    • Value Estimation by Request
      3,000 SF

      1973 Guava Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 3,000 SF
      1973 Guava Ave, Melbourne, FL 32935-7644
      View Details
    • Value Estimation by Request
      4,000 SF

      1612 Cooling St

      TRUCK TERMINAL (MOTOR FREIGHT) • 4,000 SF
      1612 Cooling St, Melbourne, FL 32935-5904
      View Details
    • Value Estimation by Request
      13,490 SF

      Melbourne, FL 32935

      TRUCK TERMINAL (MOTOR FREIGHT) • 13,490 SF
      Melbourne, FL 32935
      View Details
    • Value Estimation by Request
      12,500 SF

      2290 Avocado Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 12,500 SF
      2290 Avocado Ave, Melbourne, FL 32935-3803
      View Details

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      Car Wash and Showroom/Warehouse

      Car wash, showroom, and warehouse property for sale.
      1291 Lake Washington Rd, Melbourne, FL 32935
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    • Contact for pricing

      Renovated Warehouse Near US Hwy 1

      2,250 SF warehouse with renovated office, near US Hwy 1.
      2280 Avocado Ave, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      27,850 SF

      Melbourne Warehouse Space Available

      Prime Industrial Space - 2,250+ sq ft
      2280 Avocado Ave, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Warehouse/Distribution Center Opportunity

      Versatile space suitable for warehouse, distribution, and other commercial uses.
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      Melbourne Retail/Office Space Available

      Retail and office spaces with 24/7 access and ample parking.
      1220 Sarno Rd, Melbourne, FL 32935
      View Details
    • $3,850 /Mo
      3,280 SF

      Renovated Warehouse and Showroom Space

      Extensively renovated warehouse and showroom with expansion options available.
      1030 Aurora Rd, Melbourne, FL 32935
      View Details
    • $15 SF/Yr
      7,500 SF

      Versatile Industrial Space For Lease

      Up to 15,000 SF available, ideal for industrial, baking.
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      View Details
    • $32 SF/Yr
      2,700 SF

      Prime Melbourne Land: Arts District Gem

      .2-acre lot, 2700 sq ft building, C1 zoning.
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      View Details
    View Listing
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    1030 Aurora Rd
    Melbourne, FL 32935
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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