Property profile & analytics
618 Washburn Rd Melbourne, FL 32934-7398
- Warehouses
- 15,000 SF
- 1.00 lot acres
OFF-MARKET
Value Estimations
$1,475,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-2853826
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.
Current Use by Public Records
- CRG LLC / Big Box & Wholesale Store
- Lifetime Wellness Centers, Inc. / Gym & Fitness Center / (Bike/Boat/Book/etc) Store
- Wrap It LLC / Marketing & Advertising / Advertising Agency
- Atlantic Foundation And Concrete Repair / Construction Company / General Contractor
- AMP Surfactants / Big Box & Wholesale Store / Agricultural Supply
Property Details for 618 Washburn Rd
- Year built
- 1984
- Construction
- FRAME
- Lot size
- 1.00 lot acres
- Property size
- 15,000 SF
- Zone code
- M1
- Property type
- Warehouses
- APN
- 27-36-24-50-00000.0-0017.00
- APU
- 9223372036854775807
Description
This Melbourne, Florida industrial property at 618 Washburn Rd offers 7,500 square feet of flexible warehouse space for lease, situated on one acre of land. The building, constructed in 1984, features a total of 15,000 square feet, with two available units. Unit A comprises approximately 4,500 square feet, currently configured with roughly 3,500 square feet of office space and 1,000 square feet of warehouse space. The landlord is open to modifying this unit to increase warehouse space by removing existing office areas to meet tenant needs. Unit C offers 3,000 square feet of open warehouse space with a small, existing office. Both units benefit from a 14-foot ceiling height and 3-phase power. The property is zoned M1 and boasts convenient access to I-95 via Sarno Road, further enhanced by the upcoming Ellis Road expansion. Located in the Melbourne submarket of Brevard County (APN: 27-36-24-50-*-17), this property presents a compelling opportunity for businesses seeking flexible warehouse space in a strategic location. The property is multi-tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,725,000
- 6.5%
- $1,590,000
- 7%
- $1,475,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,431,000
- AI Estimate
- $1,407,000
Market price range: $1.38M - $3.01MMarket price range: $455k - $3.19M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,935,000 Current use
- MEDICAL BUILDING
- $2,400,000 Change: +24% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6872
- Latitude
- 28.1164
- 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
$12,541
$135,540
$602,700
$738,240
-
$135,540
$602,700
$738,240
