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110 Bry Lynn Dr West Melbourne, FL 32904-3808

Office buildings Google Maps
2,300 SF 0.31 ac lot Built 1973
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$335k
Range $302k – $369k (±10%)
Property ID US18-0443525

Property summary

AI-generated overview

This exceptional commercial property at 110 Bry Lynn Drive, Melbourne, FL 32904, presents a unique investment opportunity. The property boasts a 1,950 square foot office space, comfortably climate-controlled with central heating and air conditioning. A 360 square foot finished garage, also air-conditioned, provides additional versatile space. Eleven convenient parking spots are available behind and to the side of the building, ensuring easy access for clients and employees. The 1-story building, constructed in 1973, sits on a substantial 13,503.6 square foot lot. Its strategic location offers unparalleled visibility and accessibility. Situated directly adjacent to a major power center anchored by national retailers such as Best Buy, Ross, PetSmart, and Barnes & Noble, and next to Melbourne Square Mall, this property benefits from high foot traffic and strong consumer presence. Furthermore, its proximity to Melbourne International Airport (a mere 10-minute drive) adds to its appeal. This is an ideal opportunity for businesses seeking a high-visibility location with ample parking and convenient access to major transportation routes and retail centers. The asking price for this single-unit property is $474,900.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction WOOD
Total area 2,300 SF
Lot 0.31 ac (13,504 SF)
Zoning code CP
APN 28-37-06-08-0000A.0-0023.00
UPID US18-0443525

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2018
4 recorded transactions
2018
$387,500
2014
$118,000
2014
Price N/A
2003
$175,000

Zoning & alternative use

CP · West Melbourne, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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