Property profile

822 Palmetto Ave Melbourne, FL 32901

OFF-MARKET
Office buildings
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Property ID
US18-5933169
1,112 SF 0.28 ac Built 1957
Last sale Oct 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a for-lease office suite with an area of just over 1,100 square feet, configured as a compact professional workspace and suitable for professional office use. It has flexibility for service-oriented and adaptive uses, including salon use, depending on applicable requirements. The suite is located in Historic Downtown Melbourne and is situated on a lot that can support onsite parking; the site may also allow future site enhancements based on tenant needs.

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?
$3k
Tax billed · 2023
Assessed value$145k
Assessed land$145k
Assessed improvement$200
Effective rate1.84%

Value estimate

· Nov 2026
$290k
$261k – $319k
AI approach$290k

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?
C1
The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major...
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 Facility9.0
Laundry Service9.0
Convenience Store8.6

Location

822 Palmetto Ave Melbourne, FL 32901-4728
County assessor Recorded deeds · 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
621 Palmetto, Melbourne, FL 32901-4723 $335,000 Dec 2025 952 SF
2004 Grant, Melbourne, FL 32901-5407 $360,000 Jul 2025 853 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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