Financial
Distress signals
Property profile

1990 W New Haven Ave Melbourne, FL 32904

FOR LEASE
Office buildings
Property ID
US18-5234806
57,187 SF 2.36 ac lot Built 1985
Last sale Jul 2020 · $3,419,200
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional three-story office building, the Melbourne Financial Center, presents a compelling investment opportunity in a vibrant Florida location. Situated on a 2.36-acre lot at 1990 W New Haven Ave, Melbourne, FL 32904, this 45,000± square foot property offers a variety of executive office suites and larger spaces, with a minimum divisible area of 927 square feet. Currently, 7,720 square feet of space is available. Built in 1985, the building boasts two elevators and two external…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$60k
Tax billed · 2023
Assessed value$3.28M
Assessed land$1.34M
Assessed improvement$1.95M
Effective rate1.83%

Value estimate

· Sep 2026
$3.26M
$2.93M – $3.59M
AI approach$3.48M
Submarket $/SF estimate$3.31M
NOI build-up
Gross scheduled income$972k
Vacancy & credit loss−$156k
Operating expenses−$204k
NOI · 3,827,250.00% cap applied$612k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$203/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$145 – $284

Cap rate analysis

How does the asset earn?
3,827,250.00%
$612k 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?
CP
The provisions of this district are intended to apply to areas located adjacent to a main highway. The types of uses permitted and restri...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.7
Parking Facility10.1
Convenience Store10.0

Location

1990 W New Haven Ave Melbourne, FL 32904
County assessor Recorded deeds · not on file 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
1291 Wickham, West Melbourne, FL 32904 $1,600,000 Apr 2024 5,835 SF
1747 Evans, Melbourne, FL 32904-3871 $2,200,000 Mar 2024 9,115 SF
7607 Coral, West Melbourne, FL 32904-1101 $925,000 Feb 2024 4,101 SF
1921 Alma, Melbourne, FL 32904-6201 $2,975,000 Aug 2022 4,575 SF
2240 Dairy, West Melbourne, FL 32904 $835,000 Mar 2022 4,022 SF
2975 Eber, West Melbourne, FL 32904-8847 $6,000,000 Dec 2019 14,641 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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