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Property profile & analytics
OFF-MARKET Estimated value $945,000
Specialty properties

2150 Dairy Rd West Melbourne, FL 32904-5242

9,342 SF 1.98 ac lot Built 1970
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-3909835
Property summary
AI-generated overview

This exceptional 1.98-acre property at 2150 Dairy Road in Melbourne, Florida, presents a unique investment opportunity. The 9,288 square foot building, zoned I-B Integrated Business, offers versatile commercial and residential potential. Currently featuring a full commercial kitchen, large bar area, banquet room, and multiple meeting rooms, the structure is ideal for a variety of uses. Alternatively, the property's zoning and location provide incredible redevelopment possibilities. Situated on busy Dairy Road, just 200 yards from US-192, this location benefits from high visibility and traffic, with over 35,000 vehicles daily passing the intersection of Dairy Road and US-192, according to FDOT data. The asking price for the entire 1.98-acre property with the building is $1,500,000. A separate offering of the building and approximately one acre of land is available for $895,000. This prime Brevard County location in zip code 32904 offers significant upside for savvy investors seeking a high-traffic, multi-use property. The property's size and zoning allow for a wide range of development options, making it an attractive prospect for both established businesses and new ventures. Don't miss this chance to acquire a substantial property in a thriving area.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,342 SF
Lot 1.98 ac (86,249 SF)
Zoning code C1
APN 28-37-05-79-0000B.0-0007.00
UPID US18-3909835
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
Wardkins LLC · 1 yrs held
Wardkins LLC
since 2024
Last sale
$950,000
2 recorded transactions
2024
$1.3M
2022
$950,000
Zoning & alternative use
C1 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.5M +181.4%
Office building $1.2M +117.8%
Restaurant $1.1M +109.7%
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