Financial
Distress signals
Property profile

631 Washburn Rd Melbourne, FL 32934

FOR LEASE
Truck terminals
Property ID
US18-6159591
14,000 SF 2.01 ac lot Built 1984
Last sale Nov 2015 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex-space property provides approximately 1,000 square feet configured for light industrial and warehouse functionality. The space is suited for uses such as automotive repair or service, storage units, and related commercial activities. The property is located at 631 Washburn Road, Unit 4, in Melbourne, Florida 32934.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$1.37M
Assessed land$272k
Assessed improvement$1.10M
Effective rate1.68%

Value estimate

· Sep 2026
$840k
$756k – $924k
AI approach$560k
Submarket $/SF estimate$1.12M
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$810
Operating expenses−$8k
NOI · 109,125.00% cap applied$18k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$65 – $178
Qualifying comparables3

Cap rate analysis

How does the asset earn?
109,125.00%
$18k 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 agency14.0
Clothing Store10.9

Location

631 Washburn Rd Melbourne, FL 32934
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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
3160 Skwy, Melbourne, FL 32934-7333 $325,000 Dec 2020 12,000 SF
260 Nn, Melbourne, FL 32934-9204 $730,000 Sep 2019 9,776 SF
730 Washburn, Melbourne, FL 32934-7394 $500,000 May 2019 11,250 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
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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
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