7211 Waelti DrMelbourne, FL 32940

Property Details for 7211 Waelti Dr

Lot size

1.64 AC

Property type

Specialty properties

Property subtype

Other shopping centers

APN

26-36-12-DE-00022.0-0001.00

APU

263612DE000220000100

Description

This exceptional 14,000-square-foot Class A office building, constructed in 2024, presents a rare opportunity for a single tenant in the thriving Melbourne, Florida market. Located at 7211 Waelti Drive, this property boasts a prime location in the Suntree/Viera submarket, approximately 15 minutes from the ocean. The building features a modern design with three entries, a convenient garage door, and ample parking for 70 vehicles. High ceilings, ranging from 20 to 24 feet, provide a spacious and versatile interior. The attractive exterior finishes contribute to a professional and welcoming aesthetic. The property sits on a 1.64-acre lot and is zoned BU-1, offering flexibility for a wide range of businesses. This rapidly growing area benefits from its proximity to major employers such as SpaceX, Boeing, Blue Origin, and more, ensuring a strong and stable tenant base. The building's modern design and convenient location make it an ideal choice for businesses seeking a high-quality, efficient workspace in a dynamic and expanding market. Avoid the challenges of older buildings and seize this chance to establish your business in a brand-new, state-of-the-art facility. The property's excellent visibility and convenient access further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $28,862,030

  6.5%

  $26,641,874

  7%

  $24,738,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,269,132

  Geo Method

  $28,269,132

• Alternative Use

  Use

  Valuation

  Residential

  $22,473,418

  Hospitality

  $20,585,530

  Educational

  $17,126,920

  Medical

  $17,715,940

  Retail

  $26,641,874

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.2317

Longitude

-80.6801

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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