Property profile

6055 Technology Dr West Melbourne, FL 32904

OFF-MARKET
Truck terminals
Property ID
US18-0495390
6,600 SF 0.76 ac lot Built 1998
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 6055 Technology Dr, West Melbourne, FL 32904, presents a compelling investment opportunity. The 6,520 square foot building, constructed in 1998, sits on a 0.76-acre lot and boasts a 100% occupancy rate with a single tenant under a modified lease expiring November 30, 2026, with a five-year renewal option. The property features approximately 820 square feet of HVAC office space and 5,700 square feet of warehouse space, with a clear height ranging from 11'6" to 14'. Four 12' x 12' grade-level doors provide convenient access. Ample parking is available with 20 concrete paved and lighted spaces. The property benefits from city water and sewer, and 120/240v 200A 1-phase FPL electric service. Zoned M-1 (City of West Melbourne Light Industrial), the property allows for warehousing, light manufacturing, and outdoor storage. The estimated 2024 Net Operating Income (NOI) is $69,950, representing a 5% capitalization rate. The asking price is $1,399,000 ($214.57 per square foot). The property is strategically located in Brevard County's Melbourne business and industrial park, near Interstate 95 and Melbourne International Airport, with proximity to major employers such as L3Harris, Northrop Grumman, Amazon, and GE. Seller may consider financing subject to contract terms and buyer credit. Lease and tenant information will be provided to qualified buyers under a non-disclosure agreement. Do not disturb the occupant.

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,600 SF
Lot 0.76 ac (33,106 SF)
Zoning code M1
APN 27-36-36-00-00272.0-0000.00
UPID US18-0495390

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6055 Technology Dr West Melbourne, FL 32904-1518
West Melbourne metro Census 64601 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$657k
Blend (final) Blend
$645k

Owner & transaction history

since 2021
Last sale
$600,000
2 recorded transactions
2021
$600,000
1999
$5,000

Zoning & alternative use

M1 · West Melbourne, FL
Top alternative use upside
Medical building $1.0M +62.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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