Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1043 Aurora Rd Melbourne, FL 32935-5910

    • Warehouses
    • 11,112 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5992061
    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

    • Warehouses

    Property Details for 1043 Aurora Rd

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    11,112 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    27-37-16-25-00000.0-0010.01
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,275,000
      6.5%
      $1,180,000
      7%
      $1,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,135,000
      Market price range: $1.02M - $2.23M
      AI Estimate
      $816,000
      Market price range: $328k - $1.88M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,435,000
      Current use
      RETAIL STORES
      $1,625,000
      Change: +13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6315
    Latitude
    28.1393
    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
    $10,971
    $132,130
    $561,750
    $693,880
    -
    $132,130
    $561,750
    $693,880

    Comparable in this City

    • Value Estimation
      $3,335,000
      36,746 SF

      1923 Wickham Rd

      MINI-WAREHOUSE, STORAGE • 36,746 SF
      1923 Wickham Rd, Melbourne, FL 32935-8105
      View Details
    • Value Estimation by Request
      4,160 SF

      2535 Hbr City Blvd

      WAREHOUSE, STORAGE • 4,160 SF
      2535 Hbr City Blvd, Melbourne, FL 32935-6219
      View Details
    • Value Estimation by Request
      3,285 SF

      816 Adger Smith Ln

      STORAGE YARD, OPEN STORAGE • 3,285 SF
      816 Adger Smith Ln, Melbourne, FL 32935-6447
      View Details
    • Value Estimation
      $610,000
      4,313 SF

      2555 Aurora Rd

      WAREHOUSE, STORAGE • 4,313 SF
      2555 Aurora Rd, Melbourne, FL 32935-2852
      View Details
    • Value Estimation
      $615,000
      8,991 SF

      2125 Avocado Ave

      STORAGE YARD, OPEN STORAGE • 8,991 SF
      2125 Avocado Ave, Melbourne, FL 32935-6103
      View Details
    • Value Estimation
      $620,000
      6,000 SF

      2935 Bush Dr

      WAREHOUSE, STORAGE • 6,000 SF
      2935 Bush Dr, Melbourne, FL 32935-2156
      View Details

    Similar Nearby for Sale

    • 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
    • $2,250,000

      Industrial Property with Car Wash

      Two properties on one parcel, warehouse and car wash.
      12911301 Lake Washington Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      13,704 SF

      Car Wash and Showroom/Warehouse

      Car wash, showroom, and warehouse property for sale.
      1291 Lake Washington Rd, Melbourne, FL 32935
      View Details
    • New
      $1,100,000
      1.67 Acres

      Versatile Commercial Land in Melbourne

      1.67-acre M1-zoned land suitable for various commercial uses.
      1075 Mcclendon St, Melbourne, FL 32935
      View Details
    • $200,000
      3,500 SF

      Established Restaurant in High-Traffic Plaza

      Turn-key restaurant opportunity in Melbourne, Florida with loyal customer base.
      2110 Sarno Rd, Melbourne, FL 32935
      View Details
    • $1,350,000
      2,500 SF

      Melbourne Retail Corner Lot - $1.35M

      High-traffic retail space, ideal for QSR or carwash.
      2065 Wickham Rd, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse/Distribution Center Opportunity

      Versatile space suitable for warehouse, distribution, and other commercial uses.
      1671 Cypress Ave, Melbourne, FL 32935
      View Details
    • $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
    • $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.
      875 Creel St, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Melbourne Retail/Office Space Available

      Retail and office spaces with 24/7 access and ample parking.
      1220 Sarno Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Renovated Office/Retail Space Available

      Prime frontage on Lake Washington Rd, suitable for office/retail.
      2800 Lake Washington Rd, Melbourne, FL 32935
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1043 Aurora Rd
    Melbourne, FL 32935-5910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!