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Property profile & analytics
OFF-MARKET
Estimated value
$21,085,000
Warehouses
100 Babcock St, Melbourne, FL 32935-6715
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4195214
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
133,133 SF
Lot
22.91 ac (997,960 SF)
Zoning code
C2
APN
27-37-28-00-00009.0-0000.00
UPID
US18-4195214
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Leonardo DRS Industrial Manufacturer Production Facility
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.11M
Comparable Approach
Comparable
$26.67M
Blend (final)
Blend
$21.09M
Owner & transaction history
Sutton Props/100 N Babcock Str · 17 yrs held
Sutton Props/100 N Babcock Str
since 2009
5 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.7M
+73.0%
Medical building
$21.3M
+23.9%
Retail stores
$19.4M
+13.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,290,000
6.5%
$14,110,000
7%
$13,105,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,195,000
Current use
AUTO REPAIR, GARAGE
$29,745,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$21,305,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$19,445,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$21.09M
Range $18.98M – $23.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$355,163
Tax year 2023
Assessed value
$19,836,670
Assessed 2023
Previous assessed
$16,482,850
+20.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$2,745,120
Assessed improvement
$17,091,550
Land market value
$2,745,120
Improvement market value
$17,091,550
Total market value
$19,836,670
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Units
4
Total area
133,133 SF
Lot
22.91 ac (997,960 SF)
Zoning code
C2
APN
27-37-28-00-00009.0-0000.00
UPID
US18-4195214
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Melbourne, FL
Zoning C2 · permitted uses
C2 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.2M
AUTO REPAIR, GARAGE
Est. value
$29.7M
MEDICAL BUILDING
Est. value
$21.3M
RETAIL STORES
Est. value
$19.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
22.91 ac
Current owner
From public records · entity-resolved
Sutton Props/100 N Babcock Str
Individual
Mailing address
2155 PALM BAY RD NE STE #9, PALM BAY, FL 32905-2907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
—
Sutton Prop At 100 N Babcock S
—
Deed
related
$8,700,000 · Miscellaneous Ins Co
Oct 15, 2018
—
Sutton Prop At 100 N Babcock S
—
Loan Modification
related
$8,700,000 · Miscellaneous Ins Co
Apr 17, 2009
$4,395,400
Sutton Props/100 N Babcock Str
Sutton Properties LLP
Grant Deed
related
$21,000,000 · American Momentum Bank
May 17, 2000
$2,500,000
Sutton Properties
Sun Microsystems INC
Grant Deed
$3,000,000 · Aid Association For Lutheran
—
—
Sutton Prop At 100 N Babcock S
—
Loan Modification
related
$8,700,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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