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    OFF-MARKET
    Auto shops

    691 Washburn Rd, Melbourne, FL 32934-7318

    3,200 SF 1 ac lot Built 1984
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US18-1920574
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1984
    Construction FRAME
    Total area 3,200 SF
    Lot 1 ac (43,560 SF)
    Zoning code M1
    APN 27-36-24-50-00000.0-0009.00
    UPID US18-1920574
    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
    • Monsta Performance Inc Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Wjh Ents LLC · 8 yrs held
    Wjh Ents LLC
    since 2017
    1 recorded transaction
    2017
    $25,000
    Zoning & alternative use
    M1 · Melbourne, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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