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Property profile & analytics
OFF-MARKET
Auto shops

1550 Old Colonial Way Melbourne, FL 32935-5718

2,000 SF 0.45 ac lot Built 1973
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-4677291
Property summary
AI-generated overview

This exceptional 2,000-square-foot industrial warehouse, located at 1550 Old Colonial Way in Melbourne, Florida (32935), presents a compelling investment opportunity. Built in 1973, this metal building boasts an 18-foot ceiling height, providing ample vertical space for various uses. The property sits on a 0.45-acre lot and features three bay doors, enhancing accessibility and functionality. Its strategic location offers convenient access, situated centrally between the Pineda Causeway and the 192 Causeway, with frontage on US 1. Currently utilized as an automotive shop, the building is in good condition and equipped with city utilities. The property is being sold as-is, with the building only available for purchase. Note that the property is currently rented on a month-to-month basis. The annual property taxes are approximately $2,604. The parcel ID is 27-37-05-03-F-11. Construction details include an enamel steel exterior wall, a metal frame, and an enamel metal roof supported by a bar joist rigid roof structure. This property offers significant potential for a variety of businesses seeking a well-located, functional warehouse space.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1973
Construction FRAME
Total area 2,000 SF
Lot 0.45 ac (19,602 SF)
Zoning code CC1
APN 27-37-05-03-0000F.0-0011.00
UPID US18-4677291
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Autobahn Service & Restoration Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pkmag LLC · 1 yrs held
Pkmag LLC
since 2025
1 recorded transaction
2025
$400,000
Zoning & alternative use
CC1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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