605 John Rodes BlvdMelbourne, FL 32934
- Industrial properties
- 30,908 SF
Property Details for 605 John Rodes Blvd
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 17.51 AC
- Property size (Sq ft)
- 30,908 SF
- Zone code
- M1
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 27-36-23-00-00500.2-0000.00
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a 30,780-square-foot industrial warehouse situated on a substantial 17.51-acre lot in Melbourne, Florida. The property, built in 1970, features a single-story building with approximately 9,060 square feet of office space and 21,720 square feet dedicated to production/integration. Currently leased to Data Flow Systems, LLC, under a five-year lease, the property boasts an estimated net operating income (NOI) of $225,000, representing a 7% capitalization rate. The warehouse is fully equipped with 100% HVAC and fire sprinklers, and benefits from city water/sewer, fiber optic connectivity, and robust 3-phase power (266/480V, 600 Amps). Strategically located between Ellis Road and Eau Gallie Boulevard, with convenient access to Interstate 95, this property enjoys proximity to major employers such as Melbourne International Airport, Northrop Grumman, L3Harris, and Amazon. The expansive lot size offers significant potential for future expansion, making this a compelling investment for discerning buyers seeking strong cash flow and long-term growth prospects in a prime industrial location. The asking price is $4,995,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $9,723,234
- Hospitality
- $8,906,430
- Educational
- $7,410,046
- Medical
- $7,664,888
- Retail
- $11,526,737
Location Insight
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Latitude
- 28.1145
- Longitude
- -80.6973
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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