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Property profile & analytics
OFF-MARKET
Office buildings

621 Palmetto Ave Melbourne, FL 32901-4723

952 SF 0.13 ac lot Built 1947
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US19-0469290
Property summary
AI-generated overview

This exceptional single-tenant warehouse, located in the vibrant Downtown Melbourne area, offers 900 square feet of versatile space perfect for storage or workspace needs. The building features a 16-foot clear height ceiling, easily accommodating large vehicles like trucks, RVs, or boats. Access is convenient via a double-car garage door. The property also includes a private gated parking area with capacity for up to five vehicles, providing ample parking and security. Situated on a 0.13-acre lot, this standalone building (APN: 28-37-03-01-00039.0-0009.00) presents a unique opportunity. Potential tenants should be aware of the following requirements: a minimum credit score of 600, proof of income at least three times the monthly rent, and payment of a $75 per adult application fee, lease preparation fee, security deposit, first month's rent, and last month's rent. Tenant responsibilities include applicable taxes, electricity, repairs, parking lot maintenance, and liability insurance. This property is a single-story structure with one suite. Don't miss this chance to secure this prime industrial space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 952 SF
Lot 0.13 ac (5,663 SF)
Zoning code C3
APN 28-37-03-01-00039.0-0009.00
UPID US19-0469290
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
  • A Central Florida Bedding Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Hayley V Lim
Hayley V Lim
since 2025
Last sale
$335,000
7 recorded transactions
2025
$335,000
2018
Price N/A
2018
$149,000
2012
$106,000
2005
$125,000
1999
$74,900
1989
$47,800
Zoning & alternative use
C3 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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