Property profile

1801 Penn St Melbourne, FL 32901

FOR LEASE
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Property ID
US18-4206126
37,462 SF 3.92 ac Built 1989
Last sale Jun 2026·$3,813,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a 3,292-square-foot industrial shell space located off Gateway Drive in Melbourne, within walking distance of Melbourne International Airport and nearby major employers including Northrop Grumman, L3Harris, and GE. The unit is configured with approximately 50 feet of frontage width and 66 feet of depth, providing an interior ceiling height of approximately 16 feet, and includes concrete flooring and exposed ceiling construction. It is zoned City of Melbourne Light Industrial…

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?
$46k
Tax billed · 2023
Assessed value$2.54M
Assessed land$563k
Assessed improvement$1.98M
Effective rate1.81%

Value estimate

· Nov 2026
$3.51M
$3.16M – $3.86M
CAP approach$3.97M
Submarket $/SF estimate$3.02M
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$5k
Operating expenses−$15k
NOI$45k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?
$45k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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
Storage Facility9.7
Convenience Store9.3

Location

1801 Penn St Melbourne, FL 32901
County assessor Recorded deeds · 5 transfers 5 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 · 15 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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