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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Truck terminals
2280 Avocado Ave Melbourne, FL 32935-5547
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4345911
Property summary
AI-generated overview
This Melbourne, Florida industrial property at 2280 Avocado Avenue offers a 2,250 square foot warehouse space immediately available for lease. The building, constructed in 1988 and fully renovated in 2022, boasts a total of 27,850 square feet across one suite. The available space features a 12' x 14' grade-level door, 200-amp power, a 16-foot ceiling height, a restroom, an air-conditioned office, and fire sprinklers. Security cameras enhance the property's safety. The property is zoned M1 and situated in a prime location near US Highway 1, just north of Eau Gallie Boulevard. With 39 total parking spaces available, this property is ideal for businesses needing convenient access and ample parking. The building is classified as a warehouse, distribution, and flex space, offering versatility for various business needs. A total of 4,500 square feet is currently vacant within the larger building. The Brevard County location, with APN 27-37-09-00-541, provides easy access to major transportation routes. This exceptional opportunity includes one month of free rent.
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1988
Construction
FRAME
Total area
27,850 SF
Lot
1.6 ac (69,696 SF)
Zoning code
M1
APN
27-37-09-00-00541.0-0000.00
UPID
US18-4345911
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
-
Space Coast Sauces Food Processing Plant
-
Fox Buys Houses Real Estate Agency
-
Donahue's of Melbourne Renovation Specialist Hardware & Home Improvement
-
Grip Industries Auto Repair Shop
-
Little Reef Aquatics (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.65M
Owner & transaction history
2280 Avocado Ave LLC · 4 yrs held
2280 Avocado Ave LLC
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,655,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.60M (Mar 21 2022)
Last sale anchor
$1.60M
Mar 21 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,509
Tax year 2023
Assessed value
$1,442,410
Assessed 2023
Previous assessed
$1,234,590
+16.8% YoY
Effective rate
1.98%
On assessed value
Assessed land
$191,650
Assessed improvement
$1,250,760
Land market value
$191,650
Improvement market value
$1,250,760
Total market value
$1,442,410
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
12
Total area
27,850 SF
Lot
1.6 ac (69,696 SF)
Zoning code
M1
APN
27-37-09-00-00541.0-0000.00
UPID
US18-4345911
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Melbourne, FL
Zoning M1 · permitted uses
M1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
12
Lot
1.6 ac
Current owner
From public records · entity-resolved
2280 Avocado Ave LLC
Entity
Mailing address
2665 S BAYSHORE DR #22095, MIAMI, FL 33133-5448
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$1,600,000
2280 Avocado Ave LLC
Still Falls The Rain LLC
Special Warranty Deed
$1,120,000 · South State Bank NA
Feb 17, 2015
$595,000
Still Falls The Rain LLC
Henderlite Mark E
Warranty Deed
—
Sep 17, 2007
—
Blumberg Living Trust
Blumberg,simon S & Barbara
Quit Claim Deed
related
—
Nov 29, 2005
—
Sy Blumberg
Blumberg,simon S
Quit Claim Deed
related
—
—
—
Still Falls The Rain LLC
—
Deed Of Trust
related
$446,250 · Colorado Busn Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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