1450 Treeland BlvdPalm Bay, FL 32909

Property Details for 1450 Treeland Blvd

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.81 AC

Property size (Sq ft)

14,091 SF

Zone code

LI

Property type

Office buildings

APN

29-37-09-MY-03042.0-0004.00

APU

293709MY030420000400

Description

This Palm Bay, Florida industrial property offers 13,745 square feet of versatile space ideal for flex, manufacturing, or R&D uses. Situated on a 1.81-acre lot, the complex features a 20-foot clear height ceiling in approximately 9,530 square feet of manufacturing space (non-HVAC). The property also includes approximately 4,215 square feet of office space with seven perimeter offices, reception, and a conference room, plus a 1,200 square foot mezzanine break area. The building boasts exceptional power capacity, including an exterior 250KVA 480 3-phase transformer, and is secured with perimeter fencing. Ample parking is provided with 37 spaces. Utilities include natural gas service. Conveniently located, the property is approximately 1.5 miles from I-95, 1.3 miles from Malabar Road, 35 miles from Port Canaveral, and 65 miles from Orlando International Airport. The property is zoned L1. The asking price is $2,300,000, with a price per square foot of $167.33. The APN is 29-37-09-MY-3042-4. This property presents a unique opportunity for businesses seeking a well-equipped and strategically located industrial facility in Brevard County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,872,773

  6.5%

  $3,574,868

  7%

  $3,319,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,212,710

  Geo Method

  $2,212,710

• Alternative Use

  Use

  Valuation

  Residential

  $4,432,836

  Hospitality

  $4,060,454

  Educational

  $3,378,250

  Medical

  $3,494,433

  Retail

  $5,255,056

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

27.9833

Longitude

-80.6303

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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