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
    Property profile & analytics

    71 Sunset Dr West Melbourne, FL 32904-5100

    • Industrial properties
    • 8,414 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US18-6129600
    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

    • Industrial properties

    Property Details for 71 Sunset Dr

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Property size
    8,414 SF
    Zone code
    M1
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    28-37-05-77-00005.0-0018.00
    APU
    9223372036854775807

    Description

    This exceptional investment opportunity presents a 9,418 square foot industrial complex situated on a 0.58-acre lot in West Melbourne, Florida. The property comprises three buildings, totaling 9,418 square feet, with a mix of block and metal construction. Built in 1948 and renovated in 2018, the complex boasts 12 grade-level overhead doors, concrete flooring throughout, and a fully fenced and gated perimeter. Ceiling heights range from 11 to 14.5 feet. Currently 100% occupied with month-to-month tenants, generating a monthly income of $5,500. The property features City of West Melbourne Integrated Business (IB) zoning, allowing for warehousing, storage yards, automotive uses, light manufacturing, and more. The convenient location offers easy access to Interstate 95, US1, beaches, Melbourne International Airport, Downtown Melbourne, and Melbourne Square Mall. A bonus 2,232 square foot, three-bedroom, one-bathroom apartment is located upstairs, adding to the overall value. Seller financing may be considered subject to contract terms and buyer credit. Utilities include city water/sewer and FPL electric. The property's APN is 28-37-05-77-5-18.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $295,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $300,000
      Mixed-Use
      $280,000
      Hospitality
      $250,000
      Educational
      $250,000
      Residential Income
      $245,000
      Energy
      $305,000
      Income-Based Land
      $240,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6456
    Latitude
    28.0772
    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
    $8,958
    $146,300
    $285,540
    $431,840
    -
    $146,300
    $285,540
    $431,840

    Comparable in this City

    • Value Estimation
      $930,000
      4,034 SF

      4025 New Hvn Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,034 SF
      4025 New Hvn Ave, Melbourne, FL 32904-1974
      View Details
    • Value Estimation
      $300,000
      5,254 SF

      7650 Silver Sands Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,254 SF
      7650 Silver Sands Rd, West Melbourne, FL 32904-1128
      View Details
    • Value Estimation
      $355,000
      4,403 SF

      3830 New Hvn Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,403 SF
      3830 New Hvn Ave, Melbourne, FL 32904-1969
      View Details
    • Value Estimation by Request
      10,299 SF

      3245 New Hvn Ave, Unit 202

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,299 SF
      3245 New Hvn Ave, West Melbourne, FL 32904-3569
      View Details
    • Value Estimation by Request
      0.70 Acres

      Lot 4 - Commerce Dr

      Land • 0.70 Acres
      0 Lot 4 - Commerce Dr, Melbourne, FL 32904
      View Details
    • Value Estimation by Request

      0000 Emerald Dr

      Distribution properties
      0000 Emerald Dr, Melbourne, FL 32904
      View Details

    Similar Nearby for Sale

    • $12,000,000

      Melbourne Industrial Land - $12M

      Prime 41-acre industrial site in Melbourne, FL
      9035 Ellis Rd, Melbourne, FL 32904
      View Details
    • $420,000

      Melbourne Industrial Land - $420K

      Prime Melbourne location, 30,492 sq ft lot, ideal for warehousing.
      0000 Commerce Dr, Melbourne, FL 32904
      View Details
    • $420,000

      Melbourne Industrial Land for Sale

      Prime 0.7-acre lot, ideal for warehousing.
      0000 Commerce Dr, Melbourne, FL 32904
      View Details
    • $420,000
      0.70 Acres

      Melbourne Industrial Land Parcel

      0.7-Acre Industrial Lot, $420K
      0 Lot 3 - Commerce Dr, Melbourne, FL 32904
      View Details
    • $420,000

      Melbourne Industrial Land - $420K

      Prime Melbourne location, 30,492 sq ft lot.
      0000 Commerce Dr, Melbourne, FL 32904
      View Details
    • $550,000
      5,376 SF

      Melbourne Warehouse Condo Investment

      High-yield warehouse, excellent location.
      700 John Rodes Blvd, Melbourne, FL 32904
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      102,366 SF

      West Melbourne Build-to-Suit Land

      2.35 Acres, Light Industrial, High Visibility
      9175 Ellis Rd, West Melbourne, FL 32904
      View Details
    • Contact for pricing
      350,000 SF

      Space Coast Town Center Offices

      Prime Brevard County Office Space
      US-192 & St Johns Heritage Pkwy, Melbourne, FL 32904
      View Details
    • Contact for pricing
      225,600 SF

      Prime Melbourne Industrial Warehouse

      Two Class A warehouses, 79,200-146,400 SF
      650 John Rodes Blvd, Melbourne, FL 32904
      View Details
    • $11 SF/Yr
      8,240 SF

      Office and Warehouse Space Available

      8,240 SF office and warehouse space for lease.
      2896 Harper Rd, Melbourne, FL 32904
      View Details
    • $15 SF/Yr
      23,569 SF

      Industrial Warehouse Space Available

      69,142 SF industrial space for lease in Melbourne, FL.
      7856 Ellis Rd, Melbourne, FL 32904
      View Details
    • $11,450 /Mo
      161,500 SF

      Melbourne Warehouse with Office Space

      10,000 SF unit with office and warehouse space for lease.
      7400 Technology Dr, Melbourne, FL 32904
      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.
    71 Sunset Dr
    West Melbourne, FL 32904-5100
    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.