3161 Skyway CirMelbourne, FL 32934

Property Details for 3161 Skyway Cir

Year built

1997

Construction

FRAME

Lot size

4.97 AC

Property size (Sq ft)

48,000 SF

Zone code

M1

Property type

Truck terminals

APN

27-36-25-01-00000.0-0003.00

APU

9223372036854775807

Description

This Melbourne, Florida industrial property offers 48,000 square feet of warehouse space situated on a 4.97-acre lot. The building, constructed in 1997 and zoned M1, features 24 fourteen-foot-tall bay doors (12 drive-ins on each side). Approximately 1.7 acres of paved and fenced outdoor storage is included, providing significant additional space. There's also excess paved area suitable for employee or customer parking, or further storage expansion. Previously used for boat and RV storage, this single-tenant property boasts convenient access to I-95 via exits 182 and 183, offering multiple highway access points. The property's address is 3161 Skyway Cir, Melbourne, FL 32934, with the APN 27-36-25-01-*-3 in Brevard County. This versatile space presents a significant opportunity for businesses requiring substantial warehouse and outdoor storage capacity in a prime Melbourne location. The entire 48,000 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $27,740,300

  6.5%

  $25,606,400

  7%

  $23,777,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,059,900

  Geo Method

  $12,059,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $13,437,200

  Mixed-Use / Specialty

  $13,630,700

  Hospitality / Lodging

  $10,314,800

  Office

  $13,801,200

  Institutional / Educational

  $14,256,700

  Residential Income

  $16,680,400

  Multifamily

  $18,667,200

  Automotive / Energy

  $12,220,100

  Parking / Income-Based Land

  $3,978,480

  Restaurant / Food Service

  $7,604,680

  Healthcare / Senior Housing

  $13,730,500

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1118

Longitude

-80.679

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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