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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Strip malls
1024 Hbr City Blvd Melbourne, FL 32901-1941
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-8680807
Property summary
AI-generated overview
This renovated 16,270 square foot shopping center/storefront in Melbourne, Florida, presents a compelling investment opportunity. Located on US-1 (S Harbor City Blvd), just one mile north of the Melbourne Causeway Bridge, this property boasts high visibility and strong traffic counts. Built in 1958 and extensively renovated in 2023, the single-story building sits on a 1.02-acre lot (APN: 27-37-34-EP-A-2) and is zoned C-2. The property offers a mix of open floor plans, ideal for various retail uses, and includes convenient rear storage areas with roll-up doors for efficient loading and unloading. Its strategic location near the Melbourne-Orlando International Airport, Holmes Regional Medical Center, numerous auto dealerships, and the vibrant Downtown Melbourne area ensures a strong tenant base and high potential for return on investment. The asking price is $2,300,000 ($141.36/sq ft). This property is suitable for an owner-user seeking approximately 9,975 square feet with additional income-generating rental spaces, or for an investor looking to add value through new tenant acquisition. Don't miss this chance to acquire a versatile property in a thriving area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,187 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C2
APN
27-37-34-EP-0000A.0-0002.00
UPID
US18-8680807
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
-
Estate Sales By Southern Trading Company (Bike/Boat/Book/etc) Store
-
Happy Creations By Jessie Mae, Inc. Furniture & Home Goods Home Decor Store
-
UpTown Vintage & Antique Market Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.29M
Owner & transaction history
Wh4 South Harbor INC · 3 yrs held
Wh4 South Harbor INC
since 2023
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
C2 · 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 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
$1,020,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.33M (Mar 1 2023)
Last sale anchor
$1.33M
Mar 1 2023
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
$75 / 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
$20,716
Tax year 2023
Assessed value
$1,122,100
Assessed 2023
Previous assessed
$1,061,480
+5.7% YoY
Effective rate
1.85%
On assessed value
Assessed land
$378,250
Assessed improvement
$743,850
Land market value
$378,250
Improvement market value
$743,850
Total market value
$1,122,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
17,187 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C2
APN
27-37-34-EP-0000A.0-0002.00
UPID
US18-8680807
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.
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Wh4 South Harbor INC
Entity
Free & Clear · 3 yrs held
Mailing address
500 GRAND CONCOURSE, MIAMI SHORES, FL 33138-2465
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$1,333,500
Wh4 South Harbor INC
Brevco Properties INC
Warranty Deed
—
May 24, 2002
$740,000
Brevco Properties INC
Harbor City Investors INC
Grant Deed
$285,000 · Bank Brevard
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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