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Property profile & analytics
OFF-MARKET
Warehouses
2825 Business Ctr Blvd Ste A1 Melbourne, FL 32940-7133
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5861437
Property summary
AI-generated overview
This 1,200 square foot warehouse condo, located at 2825 Business Ctr Blvd, Melbourne, FL 32940, presents a fantastic investment opportunity. Situated within the Wickham Business Park, a four-building, 54,000 square foot complex in the Suntree area, this unit (A-5) offers versatile space ideal for light industrial, office, or retail use. Built in 1999, the unit features a small office area and a large open warehouse space with one loading dock. The property benefits from ample parking and is part of a professionally managed complex with a $295 monthly condo association fee that includes insurance and common area maintenance. Building roofs were replaced and the buildings were painted in 2019. The complex boasts well-funded property reserves for future replacements. The permitted zoning is Light Industrial. Annual real estate taxes are $2,131. This is a rare opportunity to acquire a commercial condo in this area that allows for industrial use. Don't miss out on this exceptional property.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,073 SF
Lot
0.13 ac (5,663 SF)
APN
26-37-30-50-00000.0-0002.01
UPID
US18-5861437
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
-
Studio 101 Recording Studio
-
Limoge Construction Llc Construction Company
-
Turning Pointe Of Melbourne Training Center
-
Te Maris Food Processing Plant
-
Robin L Wilson, REALTOR Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peter Sliwa · 6 yrs held
Peter Sliwa
since 2020
Last sale
$155,000
3 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,117
Tax year 2023
Assessed value
$110,510
Assessed 2023
Previous assessed
$100,890
+9.5% YoY
Effective rate
1.92%
On assessed value
Assessed improvement
$110,510
Improvement market value
$110,510
Total market value
$110,510
Applied tax rate
4,200.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
1,073 SF
Lot
0.13 ac (5,663 SF)
APN
26-37-30-50-00000.0-0002.01
UPID
US18-5861437
Jurisdiction
BREVARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Peter Sliwa
Individual
Mailing address
226 LANTERNBACK IS DR, SATELLITE BEACH, FL 32937-4705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
$155,000
Peter Sliwa
Powercat Enterises INC
Warranty Deed
$108,500 · Marine Bank & Trust Company
Oct 17, 2008
$185,000
Powercat Ents INC
Gilbert,douglas C & Susan J
Warranty Deed
$157,250 · Regions Bank
Aug 31, 2006
$155,000
Douglas C Gilbert
Wickham Business Park LLC
Warranty Deed
—
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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