West Melbourne, FL
Commercial Real Estate Market Trends & Data

$319 Avg asking sale price
$420 Avg asking lease rate
13,914 SF Avg unit lease size
9,394 SF Avg building size for sale
6.86% Average cap rate

West Melbourne's Demographic Profile

West Melbourne has 11,714 households and a median income of $78,526, providing context for rent absorption and tenant demand across retail and multifamily assets. A +9% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 28,923
# Households 11,714
Median age 43
Median household income $78,526
Avg household size 2.0
Renter-occupied housing units 3,265
5-year population change +9%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Melbourne, FL

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Melbourne $248 10,422 SF 11.08%
Satellite Beach $403 5,600 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Melbourne $203 17,785 SF 5.62%
Palm Bay $78 29,304 SF 5.62%
Nearby Retail Markets Avg Cost/SF Typical Size
West Melbourne $529 7,296 SF
Melbourne Village $554 2,475 SF
Melbourne $403 7,858 SF
Indialantic $313 2,714 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Melbourne $118 32,238 SF 7.16%
Indian Harbour Beach $229 31,356 SF 7.16%
Satellite Beach $324 31,356 SF 7.16%
Palm Bay $78 36,676 SF 6.50%

Commercial Properties For Sale in West Melbourne

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

201

Melbourne, FL 32901

  • 4,550 SF Specialty
  • $799,000
For Sale

Visible From Ellis Road

West Melbourne, FL 32904

  • 0.63 AC Lot
  • 1 Industrial Lot
  • $395,000
For Sale

Minton Rd

West Melbourne, FL 32904

  • 0.53 - 2.28 AC Lots
  • 3 Commercial Lots
  • $600,000 - $3,500,000
For Sale

The Landings South Phase 2 at KMLB

Melbourne, FL 32901

  • 23,120 SF Specialty
  • $384,000 - $599,400
For Sale

2,728 SF Former Wendy’s with Drive-Thru For S

Melbourne, FL 32904

  • 2,728 SF Retail Building
  • $2,100,000
For Sale

9150 Ellis Rd

Melbourne, FL 32904

  • 35.62 AC Lot
  • 1 Commercial Lot
  • $14,000,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

5 Key Questions About Note/Loan Sales, Answered
5 Key Questions About Note/Loan Sales, Answered
An Expert Broker Provides Guidance on Advantages, Disadvantages and Expected Returns
What is a Multifamily Home?
What is a Multifamily Home?
What is a multifamily home? Clear definition, types, how small assets differ from large for financing, metrics, plus basics of zoning, fair housing, and risks.
The Best Cities for Office Investing in 2026
The Best Cities for Office Investing in 2026
A data-driven ranking of 50 U.S. markets scored on yield, inventory, office employment trends, and building quality.
Understanding Your Property’s Walk Score
Understanding Your Property’s Walk Score
Learn about the Amenities, Data and Calculations Used to Generate Your Property’s Walk Score
Loan to Value
Loan to Value
Breaking down the loan to value concept, its calculations, and strategic financing options to enhance investment decisions in commercial real estate.
Internal Rate of Return
Internal Rate of Return
Clarifying IRR concepts, outlines calculation methods, and examining its application in commercial real estate to guide your investment decisions.
Operating Expenses in CRE
Operating Expenses in CRE
Learn how operating expenses affect net operating income and property value, how to benchmark your costs against market standards, and proven strategies to reduce expenses across different property types and lease structures.
Land Loans 101
Land Loans 101
Key Considerations When Applying for a Land Loan

Nearby Commercial Markets

Comparing nearby markets helps investors see whether West Melbourne pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
West Melbourne $319 9,394 SF
Melbourne Village $781 2,475 SF
Melbourne $325 12,595 SF
Indialantic $178 12,080 SF
Indian Harbour Beach $229 17,193 SF

Regional Demographic Comparison

This comparison places West Melbourne alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in West Melbourne or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
West Melbourne 28,923 11,714 43 $78,526 2 3,265 9%
Melbourne Village 702 295 50 $75,649 2 50 7%
Melbourne 86,309 37,940 43 $56,540 2 16,019 8%
Indialantic 3,156 1,411 51 $91,752 2 290 8%
Indian Harbour Beach 9,759 4,420 51 $78,878 2 1,164 9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in West Melbourne, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in West Melbourne

View All Commercial Real Estate For Sale in West Melbourne
Is West Melbourne a good market for a first-time commercial real estate investor?

West Melbourne offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in West Melbourne?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West Melbourne. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in West Melbourne?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for West Melbourne. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does West Melbourne compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West Melbourne. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for West Melbourne acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West Melbourne, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports