691 Washburn Rd, Melbourne, FL 32934-7318
This exceptional investment opportunity presents two Melbourne, Florida warehouses totaling 10,700 square feet on a 43,560 square foot lot. Building 691, a 3,200 square foot structure (240 sq ft office, 2960 sq ft warehouse), is currently 30% occupied by a tenant, boasting 14-16 foot clear height ceilings and four 12x12 foot grade-level doors. Building 697, a newly constructed (2023) 7,500 square foot metal warehouse, is currently vacant and features 9-14 foot clear height ceilings and an additional four 12x12 foot grade-level doors. Both buildings share 30 paved, striped, and lighted parking spaces, City water/sewer, and 1-phase 200-amp 240v FPL electric. The property is zoned M-1 (City of Melbourne Light Industrial), permitting warehousing, automotive uses, light assembly/manufacturing, and more. Strategically located near three I-95 interchanges and major employers including Melbourne International Airport, Northrop Grumman, and Amazon, this property offers significant potential. The asking price is $1,895,000, and seller financing is available. The property features a gross lease type and is classified as Class B. APN: 27-36-24-50-*-9.
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Monsta Performance Inc Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Melbourne, FLMelbourne. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.