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Property profile

1800 Penn St Melbourne, FL 32901

OFF-MARKET
Warehouses
Property ID
US18-5079925
41,079 SF 3.34 ac lot Built 1986
Last sale Jun 2026 · $5,980,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A, 40,000-square-foot industrial/office property, situated on 3.34 acres in Brevard County's Space Coast submarket, offers a unique opportunity. Currently, 31,000 square feet of flexible space is available for lease, divisible into units as small as 11,000 square feet and expandable up to a contiguous 31,000 square feet. The single-story, 1986-built building boasts a 15' 8" ceiling height (floor to bottom of truss), six drive-in doors, and five 12' x 12' grade-level…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$36k
Tax billed · 2023
Assessed value$1.91M
Assessed land$480k
Assessed improvement$1.43M
Effective rate1.88%

Value estimate

· Oct 2026
$3.05M
$2.75M – $3.36M
Submarket $/SF estimate$2.27M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$129/SF
Submarket average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$92 – $200
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1
The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and ...
General categoryINDUSTRIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.9
Convenience Store9.3
Parking Facility9.3

Location

1800 Penn St Melbourne, FL 32901-2643
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
711 Seminole, Melbourne, FL 32901-4629 $545,000 Jan 2026 5,250 SF
1225 New Hvn, Melbourne, FL 32901-7512 $765,000 Oct 2023 5,760 SF
709 Silver Palm, Melbourne, FL 32901-4813 $1,600,000 Nov 2022 14,100 SF
1312 Morningside, Melbourne, FL 32901-3255 $350,000 May 2022 7,844 SF
1344 Morningside, Melbourne, FL 32901-3213 $720,000 Dec 2021 12,260 SF
400 Nieman, Melbourne, FL 32901 $345,000 Dec 2018 6,850 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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