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Property profile & analytics
OFF-MARKET Estimated value $900,000
Truck terminals

835 Washburn Rd Melbourne, FL 32934-7352

7,500 SF 1 ac lot Built 1985
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-3141229
Property summary
AI-generated overview

This exceptional 7,500-square-foot industrial flex space in Melbourne is available for lease. The single-story, 1985-built metal building sits on a one-acre lot (APN 27-36-24-50-*-2) and is zoned M1. Currently, the entire building is vacant, offering a unique opportunity for a single tenant to occupy the entire space. The layout is highly adaptable, featuring a flexible design that currently includes approximately 3,750 square feet of showroom/office space and 1,875 square feet of industrial bay space. The owner is willing to consider demolition of the existing office space to accommodate a tenant's specific needs. Tenants will benefit from the building's exceptional features, including a 16-foot ceiling height, ten loading docks, and convenient drive-thru access provided by roll-up doors on both sides of the building. This property presents a rare chance to secure a substantial, versatile industrial space in a prime Melbourne location. The property's size, layout, and features make it suitable for a wide range of industrial and commercial uses. Immediate occupancy is available.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1985
Construction STEEL FRAME
Total area 7,500 SF
Lot 1 ac (43,560 SF)
Zoning code M1
APN 27-36-24-50-00000.0-0002.00
UPID US18-3141229
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
  • Space coast welding and fabrication inc General Contractor
  • Auer Roofing Inc Roofing Company General Contractor
  • Signature Kitchen & Baths, Inc. General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$803k
Blend (final) Blend
$900k
Owner & transaction history
835 Washburn LLC · 2 yrs held
835 Washburn LLC
since 2024
Last sale
$900,000
5 recorded transactions
2024
$900,000
2019
Price N/A
2014
$300,000
2010
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.3M +43.5%
Medical building $1.2M +33.9%
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