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Financial
Distress signals
Property profile

129 W Hibiscus Blvd Melbourne, FL 32901

FOR LEASE
Office buildings
Property ID
US18-0621066
29,398 SF 1.96 ac lot Built 1981
Last sale Aug 2025 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of an office space suited for professional and medical service uses, with a total interior area of 1,850 square feet. It includes signage availability and is located with convenient access to US 1 and I-95, as well as Melbourne–Orlando International Airport and Melbourne Square Mall.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$48k
Tax billed · 2023
Assessed value$2.47M
Assessed land$421k
Assessed improvement$2.05M
Effective rate1.92%

Value estimate

· Oct 2026
$2.72M
$2.45M – $2.99M
AI approach$3.03M
Submarket $/SF estimate$2.36M
NOI build-up
Gross scheduled income$42k
Vacancy & credit loss−$3k
Operating expenses−$16k
NOI · 155,220.00% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$175/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$136 – $246

Cap rate analysis

How does the asset earn?
155,220.00%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serv...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.1
Dry Cleaner8.8
Convenience Store8.7

Location

129 W Hibiscus Blvd Melbourne, FL 32901
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1775 Hibiscus, Melbourne, FL 32901-2620 $3,125,000 May 2025 36,924 SF
1735 Hibiscus, Melbourne, FL 32901-2612 $3,100,000 Oct 2024 18,163 SF
27 Hibiscus Blvd, Melbourne, FL 32901-3171 $3,919,500 Sep 2024 16,301 SF
940 Hbr City, Melbourne, FL 32901-1909 $1,500,000 May 2024 6,622 SF
2101 Waverly, Melbourne, FL 32901-5480 $1,700,000 Feb 2024 10,424 SF
1221 New Hvn, Melbourne, FL 32901-7305 $850,000 Aug 2022 6,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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