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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Turn key restaurants
1005 Atlantic St Melbourne Beach, FL 32951-2305
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-0445861
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Construction
WOOD
Total area
7,932 SF
Lot
1.04 ac (45,302 SF)
Zoning code
6B
APN
28-38-08-FY-00005.0-0001.00
UPID
US18-0445861
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Ldp LLC · 21 yrs held
Ldp LLC
since 2004
6 recorded transactions
Zoning & alternative use
6B · Melbourne Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
gle-Family Residential District 7A-32 2-RS Single-Family Residential District 7A-33 3-RS Single-Family Residential District 7A-34 4-RM Multi-Family Residential District 7A-35 5-RMO Oceanfront Multi-Family District 7A-36 6-B Downtown Business District 7A-37 7-C General Commercial District 7A-38 8-B Residential-Business Zone 7A-39 9-I Institutional District 7A…
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
13.02 ac
Source
CHAPTER 7A: ZONING
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$122 / 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
$38,111
Tax year 2023
Assessed value
$2,303,260
Assessed 2023
Previous assessed
$2,212,150
+4.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,527,000
Assessed improvement
$776,260
Land market value
$1,527,000
Improvement market value
$776,260
Total market value
$2,303,260
Applied tax rate
34.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Units
5
Total area
7,932 SF
Lot
1.04 ac (45,302 SF)
Zoning code
6B
APN
28-38-08-FY-00005.0-0001.00
UPID
US18-0445861
Jurisdiction
BREVARD
Zoning & alternative use
6B · Melbourne Beach, FLZoning 6B · permitted uses
6B · Melbourne Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
gle-Family Residential District 7A-32 2-RS Single-Family Residential District 7A-33 3-RS Single-Family Residential District 7A-34 4-RM Multi-Family Residential District 7A-35 5-RMO Oceanfront Multi-Family District 7A-36 6-B Downtown Business District 7A-37 7-C General Commercial District 7A-38 8-B Residential-Business Zone 7A-39 9-I Institutional District 7A-40 Churches, temples, places of worship, libraries, museums and schools in Residen
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
13.02 ac
Source
CHAPTER 7A: ZONING
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
5
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ldp LLC
Entity
Mailing address
249 5TH AVE, INDIALANTIC, FL 32903-3155
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Sob Of Brevard LLC
—
Deed
related
$3,600,000 · Bank Of America
Jul 2, 2019
—
Sob Of Brevard LLC
—
Grant Deed
related
$3,600,000 · Bank Of America
Dec 17, 2004
$2,900,000
Ldp LLC
Pommeau INC
Warranty Deed
$1,900,000 · Pommeau INC
Feb 7, 1997
$1,160,000
Pommeau INC
Taranto Trust
Grant Deed
$960,000 · Seller
—
—
Sob Of Brevard LLC
—
Loan Modification
related
$3,600,000 · Bank Of America
—
—
Ldp LLC
—
Deed Of Trust
related
$1,520,000 · Pommeau INC
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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