1470 Treeland BlvdPalm Bay, FL 32909

Property Details for 1470 Treeland Blvd

Year built

1995

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.70 AC

Property size (Sq ft)

36,747 SF

Zone code

LI

Property type

Office buildings

APN

29-37-09-MY-03042.0-0005.00

APU

293709MY030420000500

Description

This vacant, 35,793-square-foot industrial property in Palm Bay, Florida, is offered for sale at $4,200,000 ($117.34/SF). Located at 1470 Treeland Blvd SE, 32909, this Class B building sits on a 3.7-acre lot and boasts a versatile layout ideal for various uses, including flex, research & development, and manufacturing. Built in 1995, the property features a combination of office space, lab space, and specialized areas, including SCIF rooms. Amenities include reception areas (front and back), multiple perimeter offices, eight restrooms, an administrative wing, a kitchen/break area, a conference room, 3-phase power, backup generators, and a fire sprinkler system. Ample parking is available, and the property enjoys a campus-like setting with walkways and landscaping. The property is zoned L I and benefits from a convenient location within the Foundation Research Park, providing easy access to I-95, Port Canaveral, and Melbourne Orlando International Airport. This turnkey facility presents a significant opportunity for businesses seeking a high-quality, well-equipped space in a desirable location. The property is currently vacant and ready for immediate occupancy. The APN is 29-37-09-MY-3042-5. Lease type is NNN.

• CAP approach

  CAP return

  Valuation

  6%

  $10,099,553

  6.5%

  $9,322,664

  7%

  $8,656,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,770,382

  Geo Method

  $5,770,382

• Alternative Use

  Use

  Valuation

  Residential

  $11,560,104

  Hospitality

  $10,588,993

  Educational

  $8,809,918

  Medical

  $9,112,904

  Retail

  $13,704,316

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

27.9834

Longitude

-80.6294

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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