Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

618 Washburn Rd Melbourne, FL 32934

FOR SALE
Other warehouses
Property ID
US18-2853826
15,000 SF 1 ac lot Built 1984
Last sale Dec 2024 · $1,431,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property at 618 Washburn Rd is a flex/workspace facility located off Sarno Road, providing direct access to Sarno Rd and proximity to I-95 (approximately within five minutes of Exit 183). The site includes multiple flex units; Unit A contains approximately 4,500 square feet, with roughly 25% configured as HVAC office space and roughly 75% as open warehouse area, and features a central HVAC system serving the office, warehouse paint, and newly installed LED lighting. Unit E provides open…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$738k
Assessed land$136k
Assessed improvement$603k
Effective rate1.70%

Value estimate

· Oct 2026
$375k
$338k – $413k
CAP approach$1.59M
Submarket $/SF estimate$1.43M
NOI build-up
Gross scheduled income$252k
Vacancy & credit loss−$16k
Operating expenses−$82k
NOI · 7.47% cap applied$153k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$129/SF
Submarket average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$92 – $200

Cap rate analysis

How does the asset earn?
7.47%
$153k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M1
The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and ...
General categoryINDUSTRIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.8
Realty agency14.7
Restaurant12.8

Location

618 Washburn Rd Melbourne, FL 32934
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4165 Dow Rd, Melbourne, FL 32934-9257 $7,200,000 Dec 2025 25,760 SF
4000 Digital Lgt, Melbourne, FL 32934-9249 $6,750,000 Jun 2024 24,714 SF
3125 Skwy, Melbourne, FL 32934-7334 $5,500,000 Apr 2024 23,995 SF
4305 Dow, Melbourne, FL 32934-9220 $2,025,000 Oct 2022 8,760 SF
3109 Skwy Cir, Melbourne, FL 32934-7365 $316,000 Oct 2022 14,500 SF
3970 Dow, Melbourne, FL 32934-9215 $1,478,500 Jun 2021 14,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again