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Property profile & analytics
OFF-MARKET
Day care centers
1114 Palmetto Ave Melbourne, FL 32901-4710
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-0605673
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1915
Construction
WOOD
Total area
2,371 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CC2
APN
28-37-02-FD-00011.0-0003.00
UPID
US18-0605673
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
-
Associated Endodontists of Melbourne Dental Office
-
Aroma Dough Alternative Medicine Practice
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
Dipaul Development LLC · 23 yrs held
Dipaul Development LLC
since 2002
7 recorded transactions
Zoning & alternative use
CC2 · 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
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
$6,109
Tax year 2023
Assessed value
$337,000
Assessed 2023
Previous assessed
$315,700
+6.7% YoY
Effective rate
1.81%
On assessed value
Assessed land
$121,500
Assessed improvement
$215,500
Land market value
$121,500
Improvement market value
$215,500
Total market value
$337,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1915
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
2,371 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CC2
APN
28-37-02-FD-00011.0-0003.00
UPID
US18-0605673
Jurisdiction
BREVARD
Zoning & alternative use
CC2 · Melbourne, FL
Zoning CC2 · permitted uses
CC2 · 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
1915
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Dipaul Development LLC
Entity
Mailing address
1114 PALMETTO AVE, MELBOURNE, FL 32901-4710
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2017
—
Dipaul Dev LLC
—
Deed
related
$233,650 · Seacoast Nat'l Bk
Jun 29, 2011
—
Dipaul Dev LLC
—
Trustees Deed
related
$50,000 · Bankfirst
Dec 19, 2002
$275,000
Dipaul Development LLC
Brackett,kimberly A
Grant Deed
$233,750 · Bank Brevard
Apr 18, 1996
—
Kimberly A Brackett
—
Trustees Deed
related
$35,000 · Suntrust Bank Central Florida
—
—
Kimberly A Brackett
—
Deed Of Trust
related
$200,000 · Suntrust Bank Central Florida
—
—
Dipaul Dev LLC
—
Deed Of Trust
related
$46,353 · Bankfirst
—
—
Dipaul Dev LLC
—
Deed Of Trust
related
$107,883 · Bankfirst
—
—
Dipaul Dev LLC
—
Deed Of Trust
related
$233,750 · Bank Brevard
—
—
Dipaul Dev LLC
—
Loan Modification
related
$233,650 · Seacoast Nat'l Bk
—
—
Dipaul Dev LLC
—
Deed Of Trust
related
$47,499 · Bankfirst
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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