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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1333 Gateway Dr Melbourne, FL 32901

    • Office buildings
    • 80,992 SF
    • 10.24 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    $1,260,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6070888
    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

    • Turnkey Electronics Group / Electronics Store
    • Cinch Connectivity Solutions / Aerospace Company
    • Seguente / Energy Equipment And Solutions
    • The Einfach Group LLC / Bpo Company
    • AeroCare / Medical Supply Store

    Property Details for 1333 Gateway Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.24 lot acres
    Property size
    80,992 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    27-37-32-00-00512.0-0000.00
    APU
    9223372036854775807

    Description

    Gateway Business Center presents a unique investment opportunity in Melbourne's thriving M1-zoned submarket. This two-building campus offers a blend of creative office and flex spaces, totaling 117,940 square feet on a spacious 10.24-acre lot. Currently, 4,727 square feet of versatile space is immediately available for lease. Each suite boasts convenient exterior access, individual climate control (A/C), and private restroom facilities, providing exceptional tenant convenience and privacy. The property benefits from three-phase power, ideal for businesses with specialized energy needs. Ample parking is available for tenants and visitors, ensuring easy access and convenience. Built in 1986, the buildings offer a solid foundation for future growth and adaptation. The prominent façade allows for building signage, enhancing visibility and brand recognition. This property is perfect for businesses seeking flexible, high-quality space in a desirable location with excellent amenities. The multiple tenancy structure offers diverse income streams and potential for future expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6482
    Latitude
    28.0875
    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
    $139,432
    $1,471,350
    $5,715,750
    $7,187,100
    -
    $1,471,350
    $5,715,750
    $7,187,100

    Comparable in this City

    • Value Estimation
      $305,000
      9,600 SF

      Melbourne, FL 32901

      OFFICE BUILDING • 9,600 SF
      Melbourne, FL 32901
      View Details
    • Value Estimation
      $2,080,000
      65,483 SF

      1223 Gtwy Dr

      PROFESSIONAL BUILDING • 65,483 SF
      1223 Gtwy Dr, Melbourne, FL 32901-2607
      View Details
    • Value Estimation
      $935,000
      226,121 SF

      1901 Grumman Pl

      OFFICE BUILDING (MULTI-STORY) • 226,121 SF
      1901 Grumman Pl, Melbourne, FL 32901
      View Details
    • Value Estimation
      $1,500,000
      219,361 SF

      2222 Hbr City Blvd

      PROFESSIONAL BUILDING • 219,361 SF
      2222 Hbr City Blvd, Melbourne, FL 32901-5594
      View Details
    • Value Estimation
      $915,000
      54,090 SF

      700 Babcock St

      OFFICE BUILDING (MULTI-STORY) • 54,090 SF
      700 Babcock St, Melbourne, FL 32901-1406
      View Details
    • Value Estimation
      $555,000
      25,406 SF

      551 Apollo Blvd

      OFFICE BUILDING (MULTI-STORY) • 25,406 SF
      551 Apollo Blvd, Melbourne, FL 32901-1258
      View Details

    Similar Nearby for Sale

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      Office and Restaurant Buildings For Sale

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    • $1,200,000

      Charming 1925 Office/Retail Property

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      Downtown Melbourne Commercial Opportunity

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    • $975,000
      3,200 SF

      Medical Office on US-1

      Commercial property with medical build-out, excellent visibility, and access.
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    • $2,500,000
      13,690 SF

      Melbourne Office Portfolio: Prime Investment

      Two-building office complex, 13,690 SF, 100% occupied
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    • Contact for pricing
      609,840 SF

      Cherry Valley Turnpike Office Space

      Prime Marcellus Office/Retail Opportunity
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    Similar Nearby for Lease

    • $26 SF/Yr
      46,114 SF

      Downtown Melbourne Office Space

      Prestigious Executive Suites Available
      1900 Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $22 SF/Yr
      2,695 SF

      Melbourne Office Space - 1513 SQFT

      Modern Office Suite, Brevard County
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      View Details
    • $15 SF/Yr
      21,114 SF

      Melbourne Office Space Available

      1,200 SF Medical/Creative Office Suite
      551 Apollo Blvd, Melbourne, FL 32901
      View Details
    • $1,700 /Mo
      1,260 SF

      Office Space Near Downtown

      Office space for rent near downtown Melbourne, Florida.
      708 Palmetto Ave, Melbourne, FL 32901
      View Details
    • $5,063 /Mo
      3,920 SF

      Melbourne Flex Space For Rent

      Flex space near Downtown Melbourne with visibility and access.
      2428 Irwin St, Melbourne, FL 32901
      View Details
    • $17 SF/Yr
      1,210 SF

      Melbourne Office Space - NASA Blvd

      Prime Office, 1210 sq ft, Melbourne
      175 Nasa Blvd, Melbourne, FL 32901
      View Details
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    1333 Gateway Dr
    Melbourne, FL 32901
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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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