605 John Rodes BlvdMelbourne, FL 32934

  • Industrial properties
  • 30,908 SF
For Sale
$4,995,000 View listing

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
605 John Rodes Blvd, Melbourne, Florida

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

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
$33,229
$485,840
$1,352,090
$1,837,930
-
$485,840
$1,352,090
$1,837,930

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