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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail space
750 New Hvn Ave Melbourne, FL 32901-4238
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3702202
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,447 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C2
APN
28-37-04-02-00091.0-0010.01
UPID
US18-3702202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Creative Cakes and Candies Bakery Specialty Food Shop
-
Molly Mutt II Thrift Shop Discount Store
-
Creative Entertainment Theater & Performing Art Venue Music Venue
-
Michael-Gene Kid's Basketball Foundation Charitable Organization Social Service Agency
-
Mike The Magic Dj Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$755k
Owner & transaction history
Central Brevard Humane Society · 2 yrs held
Central Brevard Humane Society
since 2023
Last sale
$925,000
5 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+30.3%
Office building
$775,000
+1.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$760,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
RETAIL STORES
$765,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$710,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $925k (Dec 4 2023)
Last sale anchor
$925k
Dec 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,036
Tax year 2023
Assessed value
$433,340
Assessed 2023
Previous assessed
$429,520
+0.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$175,320
Assessed improvement
$258,020
Land market value
$175,320
Improvement market value
$258,020
Total market value
$433,340
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
4,447 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C2
APN
28-37-04-02-00091.0-0010.01
UPID
US18-3702202
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Melbourne, FL
Zoning C2 · permitted uses
C2 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$995,000
OFFICE BUILDING
Est. value
$775,000
MEDICAL BUILDING
Est. value
$710,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Central Brevard Humane Society
Individual
Mailing address
1020 COX RD, COCOA, FL 32926-4237
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
$925,000
Central Brevard Humane Society
Michael Futch
Warranty Deed
—
Jan 27, 2017
—
Michael Futch
—
Deed
related
$170,000 · Fidelity Bk/fl
May 26, 2009
—
Michael Futch
—
Trustees Deed
related
$160,000 · Coastal Management Svcs INC
Jun 1, 1999
$270,000
Michael Futch
Johnson,vivian R
Grant Deed
$243,000 · Seller
—
—
Michael Futch
—
Deed Of Trust
related
$170,000 · Fidelity Bk/fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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