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700 S John Rodes Boulevard #B7 & B8, Melbourne, FL 32904
$550,000
700 S John Rodes Boulevard #B7 & B8, Melbourne, FL 32904View this property at 700 S John Rodes Boulevard #B7 & B8, Melbourne, FL 32904
700 S John Rodes Boulevard #B7 & B8MelbourneFL32904
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Property Description
Excellent opportunity to purchase an income producing warehouse condo in the heart of Melbourne! Sale includes two adjoining 1,344 SF units = 2,688 SF footprint + bonus builtout upstairs 2,688 SF = 5,376 SF total. Floorplan is est. 1,151 SF warehouse + 4,225 SF HVAC office. Interior includes a reception area, 6 offices, conference room, bullpen and a break room. Currently 100% occupied. Est. 2024 NOI is $54,044 (est. 9.8% CAP). Lease term expires 9/30/24. Tenant has two 1-year renewal options with 2% annual escalators. Unit has two 9' wide x 10' tall +/- grade level doors. Utilities include City Water/Sewer and 1-Phase FPL electric. Conveniently located on John Rodes Boulevard which is a direct connector between New Haven Avenue, Ellis Road & Eau Gallie Boulevard. Three Interstate 95 interchanges nearby. Close proximity to the Melbourne International Airport, L3Harris, Northrop Grumman and numerous employers.
Full Property Details
Full Property Details for 700 S John Rodes Blvd #B7 & B8
General
- Price: $550,000
- HOA FEE: $322/month
- Taxes: $2,792 (2023)
- Status: Active
- Type: Industrial
- MLS ID: 1011883
- Updated: 4/24/2024
- Added to Site: 12 day(s) ago
Rental Information
- Complex Features: Storage, Interior Corridors, Meeting Room, Office, Overhead Doors, Private Restroom, Reception Area, Separate Office Area, Separate Warehouse Area
Interior
- Flooring: Carpet, Concrete, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
Parking
- Parking Features: Assigned, Parking Lot
Location
- Area: 331 - West Melbourne
- County: Brevard
- Subdivision: None
- Driving Directions: Starting on Ellis Road turn south onto John Rodes Boulevard. The John Rodes Commerce Park is located on the west side of the street. Units B7 & B8 are on the south side of the park.
Community
- Association: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Building
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Exterior Const.: Block, Concrete
- Stories/Levels: 2
- Square Feet: 5,376
- Living Area: 5,376 Sq. Ft.
- Current Bldg. Use: Industrial
- Year Built: 1986
Unit Information
- Units in Building: 2
Lot Features
- Lot Features: Other
Financial Considerations
- Price Per Sq. Ft.: $102.31
- Association Fee: Yes
- Association Fee: $322
- Assoc Fee Freq.: Monthly
- Tax Amount: $2,792.92
- Tax Year: 2023
- Terms: Cash, Conventional, Private Financing Available
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Legal Description: JOHN RODES COMMERCE PARK CONDO PH IA UNIT B-8 JOHN RODES COMMERCE PARK CONDO PH IA AS DESC IN ORB 2673 PG 0484 AND ALL A
- Property ID: 27-36-35-00-00277.Q-0000.00
Listed by The Ullian Realty Corporation
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Schools
Schools serving 700 S John Rodes Blvd #B7 & B8
School District:Brevard Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2601 Fountainhead Blvd, Melbourne, FL 32935 | PK-6 | 2.6 mi | |
2600 Wingate Blvd, W Melbourne, FL 32904 | 7-8 | 3.3 mi | |
74 Bulldog Blvd, Melbourne, FL 32901 | 9-12 | 4.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 700 S John Rodes Blvd #B7 & B8
Date
Details
Price
Change
Source
4/24/2024
Listed
$550,000
335.47%
MLS
4/29/2016
Sold
$126,300
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 700 S John Rodes Blvd #B7 & B8
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,195
2%
$68,460
—
2022
$1,171
-5%
$68,460
—
2021
$1,233
-1%
$68,460
—
2020
$1,240
-15%
$68,460
—
2019
$1,452
-2%
$68,460
—
2018
$1,479
-2%
$68,460
—
2017
$1,516
-7%
$68,460
-4%
2016
$1,628
2%
$71,660
5%
2015
$1,602
1%
$68,460
—
2014
$1,592
-2%
$68,460
—
2013
$1,620
—
$68,460
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 700 S John Rodes Blvd #B7 & B8
700 S John Rodes Boulevard #B7 & B8, Melbourne, FL 32904 (MLS# 1011883) is a Industrial property. 700 S John Rodes Boulevard #B7 & B8 is currently listed for $550,000 and was received on April 24, 2024. Want to learn more about 700 S John Rodes Boulevard #B7 & B8? Do you have questions about finding other Industrial real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.