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Property profile & analytics
FOR LEASE
Truck terminals
772 Washburn Rd Melbourne, FL 32934
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2853828
For Lease
1 / 4
$12 SF/Yr
772 Washburn Rd, Melbourne, FL 32934
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Property summary
AI-generated overview
This exceptional 7,200 square foot flex space in Melbourne, Florida presents a fantastic leasing opportunity. Situated on one acre of land, this Class B property boasts 15 individual suites, ideal for various storage needs. Built in 1984 and extensively renovated in 2023, the building features a new roof and is exceptionally well-maintained. Tenants benefit from convenient paved driveway access, ten drive-in bays, and ample electrical, lighting, and fans within each unit. The property is fully fenced for enhanced security. The available space includes single and double bay door units, catering to diverse storage requirements. Beyond the main building, additional trailer, RV, or boat parking is available for lease in the rear of the property. The property's location in Melbourne, near the airport, offers unparalleled convenience and accessibility. The APN is 27-36-24-50-*-24, and the property is located in Brevard County. This single-story building offers a unique blend of functionality and convenience, making it an ideal choice for businesses and individuals seeking flexible storage solutions.
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,200 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
27-36-24-50-00000.0-0024.00
UPID
US18-2853828
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
-
All Fire & Safety Equipment Of Melbourne Production Facility Building Supply
-
Passport Holsters Big Box & Wholesale Store
-
AllStar Printing Marketing & Advertising Printing Service
-
T&C Auto Spa Car Wash
-
Central Florida Printing and Graphics (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$725k
Owner & transaction history
Ocmj Properties LLC · 2 yrs held
Ocmj Properties LLC
since 2023
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+33.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$575,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$860,000
Current use
MEDICAL BUILDING
$1,150,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $750k (Sep 15 2023)
Last sale anchor
$750k
Sep 15 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$101 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,988
Tax year 2023
Assessed value
$424,560
Assessed 2023
Previous assessed
$376,450
+12.8% YoY
Effective rate
1.88%
On assessed value
Assessed land
$135,540
Assessed improvement
$289,020
Land market value
$135,540
Improvement market value
$289,020
Total market value
$424,560
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
For Lease
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
11
Total area
7,200 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
27-36-24-50-00000.0-0024.00
UPID
US18-2853828
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Melbourne, FL
Zoning M1 · permitted uses
M1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$860,000
MEDICAL BUILDING
Est. value
$1.2M
TRUCK TERMINAL (MOTOR FREIGHT) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
11
Lot
1 ac
Current owner
From public records · entity-resolved
Ocmj Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
95 HEROUX DEVTEK DR CANADA XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
$750,000
Ocmj Properties LLC
Itr Properties LLC
Warranty Deed
—
May 17, 2021
$600,000
Itr Properties LLC
L3 Properties LLC
Warranty Deed
—
May 17, 2021
—
Itr Properties LLC
L3 Properties LLC
Warranty Deed
—
Aug 6, 2009
—
L3 Properties LLC
Hinkle Glenber L Trust
Grant Deed
—
Oct 1, 2008
—
Hinkle Glenber L Trust
Hinkle,glenber L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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