Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Shopping centers
1046 Hbr City Blvd Melbourne, FL 32901-1911
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0076446
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1955
Construction
FRAME
Total area
6,664 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C2
APN
27-37-34-00-00753.0-0000.00
UPID
US18-0076446
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
-
Boniface-Hiers Mitsubishi Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$961k
Blend (final)
Blend
$1.35M
Owner & transaction history
Boniface Hiers Autos LLC · 3 yrs held
Boniface Hiers Autos LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+126.2%
Auto repair, garage
$1.5M
+63.2%
Office building
$1.2M
+27.6%
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
$1,385,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,270,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Current use
COMMERCIAL (GENERAL)
$2,065,000
Change: +126% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,490,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$1,165,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$1,145,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,065,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.34M (Jul 21 2022)
Last sale anchor
$1.34M
Jul 21 2022
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
$202 / 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
$10,617
Tax year 2023
Assessed value
$571,540
Assessed 2023
Previous assessed
$571,540
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$568,210
Assessed improvement
$3,330
Land market value
$568,210
Improvement market value
$3,330
Total market value
$571,540
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1955
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
19
Total area
6,664 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C2
APN
27-37-34-00-00753.0-0000.00
UPID
US18-0076446
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1955
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
19
Lot
2.6 ac
Current owner
From public records · entity-resolved
Boniface Hiers Autos LLC
Entity
Mailing address
625 E NASA BLVD, MELBOURNE, FL 32901-1943
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$1,335,000
Boniface Hiers Autos LLC
Boniface Hiers Imports LLC
Special Warranty Deed
$2,905,000 · Hyundai Capital America
Sep 30, 2020
$1,335,000
Boniface-hiers Imports LLC
Boniface-hiers Luxury Cars LLC
Warranty Deed
related
—
Dec 10, 2018
—
Boniface-hiers Luxury Cars LLC
—
Deed
related
$780,000 · Suntrust Bk
Oct 24, 2007
—
1046 South Hbr City Boulevard
1046 South Hbr City Boulevard
Quit Claim Deed
related
—
May 3, 2005
$1,269,000
1046 South Hbr City Boulevard
Nelson,richard C
Warranty Deed
—
—
—
Boniface-hiers Luxury Cars LLC
—
Deed Of Trust
related
$780,000 · Suntrust Bk
—
—
Richard C Nelson
—
Deed Of Trust
related
$10,000 · Bank Of Brevard
—
—
Richard C Nelson
—
Deed Of Trust
related
$120,000 · Bank Of Brevard
—
—
Richard C Nelson
—
Deed Of Trust
related
$344,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1046 Hbr City Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
