Property profile

966 Aurora Rd Melbourne, FL 32935

OFF-MARKET
Retail space
Property ID
US18-5928617
10,529 SF 0.38 ac lot Built 1962
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 9,800-square-foot industrial flex space, located at 966 Aurora Road in Melbourne, Florida, presents a unique opportunity for businesses seeking a versatile and well-situated property. The single-tenant building, constructed in 1962, sits on a 0.38-acre lot and boasts a convenient single-story design. The property is zoned M1, offering flexibility for a range of industrial and commercial uses. Key features include three dock-high doors situated on the west side of the building, providing efficient loading and unloading capabilities. The entire 9,800 square feet is currently vacant and ready for immediate occupancy. The building benefits from full air conditioning throughout, ensuring a comfortable and productive work environment. Its strategic location on Aurora Road, between Bunch Street and Southland Avenue, offers excellent accessibility, with proximity to US Highway 1 (within 0.1 miles). The property's address is 966-982 Aurora Rd, Melbourne, FL 32935, and its APN is 27-37-16-50-B-23. This property in Brevard County represents a compelling investment opportunity for businesses seeking a functional and strategically located industrial space. The combination of size, location, and features makes this a highly desirable property in the Melbourne market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,529 SF
Lot 0.38 ac (16,553 SF)
Zoning code M1
APN 27-37-16-50-0000B.0-0023.00
UPID US18-5928617

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

966 Aurora Rd Melbourne, FL 32935-5967
Melbourne metro Census 64302 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.01M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2018
$100
2017
Price N/A

Zoning & alternative use

M1 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and which can serve intensive commercial uses and light manufacturing, warehousing, dis…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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