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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Industrial land
1000 John Rodes Blvd West Melbourne, FL 32904
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6625837
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
17.03 ac (741,827 SF)
Zoning code
IU
APN
27-36-35-00-00260.0-0000.00
UPID
US18-6625837
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Legacy West Melbourne LLC · 4 yrs held
Legacy West Melbourne LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
IU · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$1,940,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.80M (Dec 20 2021)
Last sale anchor
$1.80M
Dec 20 2021
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
—
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
$19,575
Tax year 2023
Assessed value
$1,483,500
Assessed 2023
Previous assessed
$1,483,500
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,483,500
Land market value
$1,483,500
Total market value
$1,483,500
Applied tax rate
52.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
YES
Cooling
YES
Lot
17.03 ac (741,827 SF)
Zoning code
IU
APN
27-36-35-00-00260.0-0000.00
UPID
US18-6625837
Jurisdiction
BREVARD
Zoning & alternative use
IU · West Melbourne, FL
Zoning IU · permitted uses
IU · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
YES
Cooling
Yes
Lot
17.03 ac
Current owner
From public records · entity-resolved
Legacy West Melbourne LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3850 BIRD RD #800, MIAMI, FL 33146-1673
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$1,800,000
Legacy West Melbourne LLC
Mira Lago LLC
Warranty Deed
—
Dec 1, 2017
—
Mira Lago LLC
—
Deed
related
—
Aug 5, 2015
$950,000
Mira Lago LLC
Hwsb LLC
Warranty Deed
$660,000 · Sunrise Bank
Aug 14, 2009
$2,067,400
Hwsb LLC
Hole In The Wall Holdings LLC
Warranty Deed
—
Aug 23, 2006
—
Dragon Point R/e Holdings LLC
Hole In The Wall Holdings LLC
Quit Claim Deed
related
—
May 10, 2004
—
Brian Young
Dubov,david J & Joan
Grant Deed
related
—
—
—
Mira Lago LLC
—
Loan Modification
related
—
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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