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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1110 Bridgewater Dr 122 Melbourne, FL 32934-3201
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-5984666
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
984 SF
Lot
50.76 ac (2,211,106 SF)
APN
27-36-23-01-00000.0-0013.00
UPID
US18-5984666
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
by Request
Owner & transaction history
Eau Gallie Estates Mobile Home Park · 20 yrs held
Eau Gallie Estates Mobile Home Park
since 2006
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$138,681
Tax year 2023
Assessed value
$6,633,000
Assessed 2023
Previous assessed
$6,426,000
+3.2% YoY
Effective rate
2.09%
On assessed value
Assessed land
$2,639,520
Assessed improvement
$3,993,480
Land market value
$2,639,520
Improvement market value
$3,993,480
Total market value
$6,633,000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
984 SF
Lot
50.76 ac (2,211,106 SF)
APN
27-36-23-01-00000.0-0013.00
UPID
US18-5984666
Jurisdiction
BREVARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
50.76 ac
Current owner
From public records · entity-resolved
Eau Gallie Estates Mobile Home Park
Individual
Mailing address
6400 TELEGRAPH RD STE #2000, BLOOMFIELD, MI 48301-1722
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
—
Eau Gallie Ests Mobile Hm Pk L
—
Deed
related
$142,340,000 · Federal Nat'l Mtg Assn (fnma)
Sep 10, 2008
—
Trails Mobile Hm Park Happy
—
Deed Of Trust
related
$13,800,000 · General Electric Capital Corp
Jan 24, 2007
—
Gallie Estates Mobile Hm P Eau
—
Deed Of Trust
related
$8,241,000 · General Electric Capital Corp
Feb 21, 2006
$6,950,000
Eau Gallie Estates Mobile Home Park
Pine Grove Investors III LP
Warranty Deed
—
—
—
Gallie Estates Mobile Hm P Eau
—
Deed Of Trust
related
$8,241,000 · General Electric Capital Corp
—
—
Eau Gallie Estates Mobile Hm P
—
Loan Modification
related
$7,933,000 · General Elec Cap
—
—
Gallie Estates Mobile Hm P Eau
—
Deed Of Trust
related
$8,136,000 · General Electric Capital Corp
—
—
Eau Gallie Ests Mobile Hm Pk L
—
Loan Modification
related
$142,340,000 · Federal Nat'l Mtg Assn (fnma)
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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