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Property profile & analytics
FOR LEASE
Truck terminals
3125 Skyway Cir Melbourne, FL 32934
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6009065
For Lease
1 / 3
$25 SF/Yr
3125 Skyway Cir, Melbourne, FL 32934
View Listing →
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,995 SF
Lot
5.02 ac (218,671 SF)
Zoning code
M1
APN
27-36-25-01-00000.0-0008.00
UPID
US18-6009065
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
-
Advanced Recreational Concepts Building Supply Construction Company
-
Second Harvest Food Bank of Central Florida - Brevard Branch Charitable Organization Social Service Agency
-
Rubber Designs Factory Chemical Plant
-
PostPadding.com Building Supply Construction Company
-
Play Space Services, Inc. Building Supply Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
Second Harvest Food Bank Of Ctrl Fl · 2 yrs held
Second Harvest Food Bank Of Ctrl Fl
since 2024
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.4M
+159.1%
Auto repair, garage
$5.4M
+87.0%
Office building
$4.8M
+67.7%
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
$5,500,000
ML approach
$5,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,430,000
Change: +159% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,360,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$4,810,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$4,115,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$3,840,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10% · vs last sale $5.50M (Apr 25 2024)
Last sale anchor
$5.50M
Apr 25 2024
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
$229 / 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
$29,766
Tax year 2023
Assessed value
$1,546,970
Assessed 2023
Previous assessed
$1,546,970
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$449,170
Assessed improvement
$1,097,800
Land market value
$449,170
Improvement market value
$1,097,800
Total market value
$1,546,970
Applied tax rate
53.0000
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
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
23,995 SF
Lot
5.02 ac (218,671 SF)
Zoning code
M1
APN
27-36-25-01-00000.0-0008.00
UPID
US18-6009065
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Second Harvest Food Bank Of Ctrl Fl
Entity
Mailing address
411 MERCY DR, ORLANDO, FL 32805-1019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$5,500,000
Second Harvest Food Bank Of Ctrl Fl
Crossroads Holdings LLC
Warranty Deed
—
Mar 31, 2022
—
Crossroads Holdings LLC
—
Deed
related
$2,279,000 · Jpmorgan Chase Bank NA
Jul 13, 2021
—
Crossroads Holdings LLC
Advanced Recreational Concepts LLC
Warranty Deed
$800,000 · Jpmorgan Chase Bank NA
Oct 7, 2005
—
Advanced Recreational Concepts
—
Trustees Deed
related
$1,198,018 · Riverside National Bank
Jan 5, 2005
—
Advanced Recreational Concepts
—
Trustees Deed
related
$224,000 · Florida Business Bank
Dec 29, 2003
$279,900
Advanced Recreational Concepts
Shaak,david A & Suzette D
Grant Deed
$224,000 · First Business Bank
Aug 5, 2002
$187,000
David A Shaak
Melbourne Skyway INC
Grant Deed
—
—
—
Florida First Cap Fin Corp
—
Deed Of Trust
related
$709,800 · J P Morgan Chase Bank
—
—
Advanced Recreational Concepts
—
Deed Of Trust
related
$550,200 · Florida First Capital Finance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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