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Financial
Distress signals
Property profile

1207 Riv Dr Melbourne, FL 32901

OFF-MARKET
Other apartment buildings
Property ID
US18-0335280
7,977 SF 0.52 ac lot Built 1928
Last sale Mar 2024 · $195,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 19-unit multifamily property consists exclusively of studio apartments totaling 7,926 rentable square feet. The units are furnished and have been renovated, and the building is set up as a cohesive multifamily asset with nineteen studio residences. The property is located at 1207 E River Drive in Melbourne, Florida, on a 0.52-acre site, approximately one block from the Indian River.

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?
$15k
Tax billed · 2023
Assessed value$789k
Assessed land$136k
Assessed improvement$653k
Effective rate1.89%

Value estimate

· Oct 2026
$195k
$176k – $215k
AI approach$195k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$545/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$105 – $1,024

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: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.8
Electrical Service8.6
Storage Facility8.6

Location

1207 Riv Dr Melbourne, FL 32901-7358
County assessor Recorded deeds · 8 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
825 University, Melbourne, FL 32901-7173 $4,500,000 Dec 2024 9,030 SF
204 Seminole, Melbourne, FL 32901-2962 $2,100,000 Dec 2023 15,314 SF
1625 Elizabeth, Melbourne, FL 32901-4323 $3,898,000 Mar 2022 3,944 SF
3625 Misty Oak, Melbourne, FL 32901-8757 $28,500,001 Dec 2019 4,267 SF
101 Frst Lk, Melbourne, FL 32901 $14,800,000 Oct 2019 12,024 SF
3241 Babcock, Melbourne, FL 32901 $1,650,000 Mar 2019 7,516 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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