Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6670 Colonnade Ave Melbourne, FL 32940-6465

    • Strip malls
    • 7,719 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimation
    $4,085,000
    Last Sale
    Jul 01, 2022
    $4,021,100
    Location Intelligence
    Property ID
    US18-6112076
    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

    • Verizon / Telecommunications Service Provider / Internet Service Provider
    • Men's Wearhouse / Work Clothes Store / Formal Wear Store

    Property Details for 6670 Colonnade Ave

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.21 lot acres
    Property size
    7,719 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    26-36-09-TT-0000A.0-0004.00
    APU
    263609TT0000A0000400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,940,000
      6.5%
      $4,065,000
      7%
      $4,365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,185,000
      Geo Method
      $3,645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,765,000
      Retail
      $4,205,000
      Mixed-Use
      $3,640,000
      Hospitality
      $3,755,000
      Educational
      $3,295,000
      Residential Income
      $4,055,000
      Energy
      $3,945,000
      Income-Based Land
      $3,255,000
      Food Service
      $3,690,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.729
    Latitude
    28.2415
    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
    $22,896
    $905,690
    $756,480
    $1,662,170
    -
    $905,690
    $756,480
    $1,662,170

    Comparable in this City

    • Value Estimation by Request
      13,472 SF

      8530 Wickham Rd Ste, Unit 104

      SHOPPING CENTER, STRIP CENTER • 13,472 SF
      8530 Wickham Rd Ste, Melbourne, FL 32940-6616
      View Details
    • Value Estimation by Request
      6,724 SF

      6455 Wickham Rd, Unit 103

      SHOPPING CENTER, STRIP CENTER • 6,724 SF
      6455 Wickham Rd, Melbourne, FL 32940-2020
      View Details
    • Value Estimation by Request
      7,361 SF

      5555 Wickham Rd Ste, Unit 104

      SHOPPING CENTER, STRIP CENTER • 7,361 SF
      5555 Wickham Rd Ste, Melbourne, FL 32940-8725
      View Details
    • Value Estimation by Request
      9,432 SF

      7777 Wickham Rd Ste, Unit 16

      SHOPPING CENTER, STRIP CENTER • 9,432 SF
      7777 Wickham Rd Ste, Melbourne, FL 32940-7978
      View Details
    • Value Estimation by Request
      4,445 SF

      5515 Porada Dr

      SHOPPING CENTER, STRIP CENTER • 4,445 SF
      5515 Porada Dr, Melbourne, FL 32940-8420
      View Details
    • Value Estimation by Request
      41,967 SF

      7640 Wickham Rd Ste, Unit 109

      SHOPPING CENTER, STRIP CENTER • 41,967 SF
      7640 Wickham Rd Ste, Melbourne, FL 32940-8147
      View Details

    Similar Nearby for Sale

    • $1,200,000
      7,402 SF

      Turnkey Restaurant Opportunity in Melbourne

      Well-known Italian restaurant with liquor license in premier shopping destination.
      6630 Colonnade Ave, Melbourne, FL 32940
      View Details
    • $3,900,000
      14,000 SF

      Suntree/Viera Office Building

      14,000 SF New Construction Office
      7211 Waelti Dr, Melbourne, FL 32940
      View Details
    • $1,350,000
      6,289 SF

      Wickham Road Showroom/Warehouse

      6,289 SF building with showroom, offices, and warehouse space.
      5060 Industry Dr, Melbourne, FL 32940
      View Details
    • Contact for pricing
      5,725 SF

      Restaurant Outparcel with Patio Space

      5,725 SF restaurant space with covered patio.
      5360 Stadium Pkwy, Rockledge, FL 32940
      View Details
    • $3,900,000
      14,000 SF

      New Construction Retail Opportunity

      New construction retail property in a rapidly growing area.
      7211 Waelti Dr, Melbourne, FL 32940
      View Details
    • $1,400,000
      1,985 SF

      Melbourne Medical Office Condos

      Two Medical Office Condos for Sale in Suntree
      6545 Wickham Rd, Melbourne, FL 32940
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,573 SF

      Retail Space in Viera

      Grocery and home improvement anchored lifestyle center. Flexible sizing available.
      Viera Blvd, Melbourne, FL 32940
      View Details
    • $35 SF/Yr
      49,995 SF

      Melbourne Retail Center Investment Opportunity

      High-performing retail center in Melbourne, FL
      6365 Wickham Rd, Melbourne, FL 32940
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Viera

      Grocery and home improvement anchored lifestyle center, flexible sizing available.
      1965 Viera Blvd, Rockledge, FL 32940
      View Details
    • $28 SF/Yr
      5,984 SF

      Prime Retail Space, Wickham Rd

      High-traffic location, two suites available
      6455 Wickham Rd, Melbourne, FL 32940
      View Details
    • $3,500 /Mo
      1,052 SF

      Office with Garage and Lot

      Office space with garage and large lot for outdoor storage.
      2735 Allen Hill Ave, Melbourne, FL 32940
      View Details
    • $25 SF/Yr
      14,544 SF

      Melbourne Office Space - 7,295 SF

      First-floor office, ideal for various uses.
      7750 Wickham Rd, Melbourne, FL 32940
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6670 Colonnade Ave
    Melbourne, FL 32940-6465
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.