Property profile

1671 Cypress Ave Melbourne, FL 32935

OFF-MARKET
Truck terminals
Property ID
US18-0562897
1,400 SF 0.2 ac lot Built 1958
Individually Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,419 square foot warehouse at 1671 Cypress Avenue in Melbourne, Florida, presents a unique investment opportunity. Situated on a 0.2-acre lot, this single-tenant industrial property boasts excellent curb appeal and a highly functional layout, making it suitable for a variety of commercial uses. The property's strategic location offers significant visibility and accessibility, enhancing its appeal for businesses seeking a prominent presence in the Melbourne market. The warehouse's design provides ample space for storage, distribution, or other operational needs. The property's address is 1671 Cypress Avenue, Melbourne, FL 32935, and its APN is 27-37-16-25-00046.0-0006.00. This single-tenant building offers a flexible space that can be adapted to suit diverse business requirements, combining functionality with a desirable location. The property's size and layout make it an attractive option for companies seeking to optimize their operations and enhance their brand visibility. This is a rare opportunity to acquire a well-positioned industrial property in a thriving Florida market.

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1958
Construction WOOD
Total area 1,400 SF
Lot 0.2 ac (8,712 SF)
Zoning code C2
APN 27-37-16-25-00046.0-0006.00
UPID US18-0562897

Cap rate & NOI

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

Location

1671 Cypress Ave Melbourne, FL 32935-5930
Melbourne metro Census 64202 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$230k

Owner & transaction history

since 2011
4 recorded transactions
2011
Price N/A
2005
$100,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL

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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