West Melbourne, FL
Commercial Real Estate Market Trends & Data

$290 per SF Avg asking sale price
$17 per SF Avg asking lease rate
24,258 SF Avg unit lease size
6,295 SF Avg building size for sale
6.54% 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%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Melbourne $243 10,965 SF 9.71%
Satellite Beach $286 5,600 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
West Melbourne $170 6,782 SF 4.96%
Melbourne $204 13,790 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
West Melbourne $534 6,588 SF
Melbourne Village $338 2,222 SF
Melbourne $425 7,710 SF
Satellite Beach $1,252 2,603 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Melbourne $142 36,528 SF 7.16%
Indian Harbour Beach $734 9,801 SF 7.16%
Palm Bay $78 36,676 SF 6.50%
Rockledge $133 49,226 SF 6.80%

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

445 West Dr

West Melbourne, FL 32904

  • 13,500 SF Industrial Building
  • 4.96% Cap Rate
  • $3,750,000
For Sale

360 East Drive

West Melbourne, FL 32904

  • 32,000 SF Flex Building
  • $4,550,000
For Sale

OFFICE — MEDICAL / PROFESSIONAL

West Melbourne, FL 32904

  • 1,815 SF Office Building
  • $550,000
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

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
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A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
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Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

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 $290 6,295 SF
Melbourne Village $442 2,019 SF
Melbourne $324 12,022 SF
Indialantic $153 21,569 SF
Indian Harbour Beach $1,013 6,415 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 Market Trends