404 New Hvn Ave Melbourne, FL 32901-4508
Property profile & analytics
404 New Hvn Ave, Melbourne, FL 32901-4508
- Warehouses
- 10,464 SF
- 0.60 lot acres
Property ID
US19-0646777
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bill My Way / Business Service Center
- B'nai B'rith Space Coast Lodge 3106 / Event Planning / Wedding Service
- Is It There Yet / Advertising Agency / Marketing & Advertising
Property Details for 404 New Hvn Ave
- Year built
- 1973
- Construction
- FRAME
- Lot size
- 0.60 lot acres
- Zone code
- C1
- Property type
- Warehouses
- APN
- 28-37-03-33-00001.0-0009.00
- APU
- 9223372036854775807
Description
This exceptional 4,727-square-foot creative office space is available for lease in the vibrant heart of Downtown Melbourne. Situated in a building totaling 9,600 square feet, this single-tenant property offers a sleek and functional layout perfect for businesses seeking a modern and inspiring work environment. Built in 1973 and recently updated, the space boasts updated electrical systems and ample storage. The property also includes convenient bay doors. Its location provides easy access to major highways, maximizing convenience for employees and clients. The surrounding Downtown Melbourne area (DTMB) is a thriving hub of activity, boasting over 288 businesses within a one-mile radius, including 45 restaurants, 47 shops, 9 unique experiences, and numerous professional offices. This high-traffic area offers significant brand exposure and access to a diverse clientele. The area's cultural richness is further enhanced by 18 murals, 6 art galleries, and 2 theaters, creating a dynamic and attractive atmosphere. This property is ideal for startups seeking to establish a strong presence or established businesses looking to upgrade to a contemporary and inspiring workspace. The property sits on a 0.6-acre lot. The building is classified as Office, Industrial, and Special Purpose.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,200,000
- 6.5%
- $1,110,000
- 7%
- $1,030,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,096,000
Market price range: $961k - $2.10M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,350,000 Current use
- AUTO REPAIR, GARAGE
- $2,340,000 Change: +73% Conversion: Easy
- OFFICE BUILDING
- $1,830,000 Change: +35% Conversion: Difficult
- RETAIL STORES
- $1,795,000 Change: +33% Conversion: Moderate
- MEDICAL BUILDING
- $1,675,000 Change: +24% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6143
- Latitude
- 28.0789
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$535
$390,000
$546,350
$936,350
-
$390,000
$546,350
$936,350
