Financial
Distress signals
Property profile

621 Palmetto Ave Melbourne, FL 32901

OFF-MARKET
Office buildings
Property ID
US19-0469290
952 SF 0.13 ac lot Built 1947
Last sale Dec 2025 · $335,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional single-tenant warehouse, located in the vibrant Downtown Melbourne area, offers 900 square feet of versatile space perfect for storage or workspace needs. The building features a 16-foot clear height ceiling, easily accommodating large vehicles like trucks, RVs, or boats. Access is convenient via a double-car garage door. The property also includes a private gated parking area with capacity for up to five vehicles, providing ample parking and security. Situated on a

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?
$3k
Tax billed · 2023
Assessed value$191k
Assessed land$173k
Assessed improvement$18k
Effective rate1.70%

Value estimate

· Sep 2026
$295k
$266k – $325k
AI approach$295k

Realmo valuation models over county records and 7 qualifying comparable sales.

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
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3
This district is intended to apply to the central commercial, professional, financial, governmental and civic core of the city. Lot and b...
General categoryCIVIC_INSTITUTIONAL
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 Service9.4
Catering Service8.5
Dry Cleaner8.0

Location

621 Palmetto Ave Melbourne, FL 32901-4723
County assessor Recorded deeds · 8 transfers 7 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2004 Grant, Melbourne, FL 32901-5407 $360,000 Jul 2025 853 SF
822 Palmetto, Melbourne, FL 32901-4728 $65,000 Oct 2024 1,112 SF
1912 Glendon, Melbourne, FL 32901-4345 $225,000 Apr 2024 1,521 SF
615 Palmetto, Melbourne, FL 32901-4723 $240,000 Jan 2024 1,156 SF
2300 Babcock, Melbourne, FL 32901-5308 $285,000 Apr 2023 1,471 SF
2908 Hbr City, Melbourne, FL 32901-7214 $100,000 Dec 2022 1,160 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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