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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Turn key restaurants
1120 Hbr City Blvd Melbourne, FL 32935-7019
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-6093992
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,345 SF
Lot
1.99 ac (86,684 SF)
Zoning code
CC1
APN
27-37-21-25-0000C.0-0001.00
UPID
US18-6093992
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
-
Frigate's Waterfront Bar & Grill - Melbourne Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Frigates Holdings Melbourne L · 10 yrs held
Frigates Holdings Melbourne L
since 2016
6 recorded transactions
Zoning & alternative use
CC1 · 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
$104 / 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
$28,474
Tax year 2023
Assessed value
$1,516,490
Assessed 2023
Previous assessed
$1,494,470
+1.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$601,650
Assessed improvement
$914,840
Land market value
$601,650
Improvement market value
$914,840
Total market value
$1,516,490
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,345 SF
Lot
1.99 ac (86,684 SF)
Zoning code
CC1
APN
27-37-21-25-0000C.0-0001.00
UPID
US18-6093992
Jurisdiction
BREVARD
Zoning & alternative use
CC1 · Melbourne, FL
Zoning CC1 · permitted uses
CC1 · 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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Frigates Holdings Melbourne L
Entity
Mailing address
130 BOWSPRIT DR, NORTH PALM BEACH, FL 33408-5051
Ownership since
2016
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
May 2, 2018
—
Frigates Hldgs Melbourne LLC
—
Deed
related
$2,200,000 · Branch Bk&tr
Jun 6, 2016
$825,000
Frigates Holdings Melbourne L
Kaleny Ltd Of Florida INC
Warranty Deed
—
Jun 6, 2008
$375,000
Kaleny Ltd Of Florida INC
Eau Gallie Riv Developers INC
Quit Claim Deed
related
—
May 29, 2007
—
Eau Gallie Riv Developers INC
Stallman,robin
Quit Claim Deed
related
—
May 13, 2002
$475,000
Robin Stallman
Poe Trust
Grant Deed
$500,000 · Angela Allen Trustee
—
—
Frigates Hldgs Melbourne LLC
—
Deed Of Trust
related
$2,200,000 · Branch Bk&tr
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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