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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Auto shops
1124 New Hvn Ave West Melbourne, FL 32904-4056
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5226882
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,144 SF
Lot
0.81 ac (35,284 SF)
Zoning code
C2
APN
28-37-05-02-0000A.0-0010.00
UPID
US18-5226882
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
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.33M
Owner & transaction history
Thompson Sales LLC · 1 yrs held
Thompson Sales LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C2 · West 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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$1,260,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,045,000
Current use
OFFICE BUILDING
$1,855,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.45M (Feb 21 2023)
Last sale anchor
$1.45M
Feb 21 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
$145 / 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
$14,666
Tax year 2023
Assessed value
$1,167,520
Assessed 2023
Previous assessed
$708,880
+64.7% YoY
Effective rate
1.26%
On assessed value
Assessed land
$386,230
Assessed improvement
$781,290
Land market value
$386,230
Improvement market value
$781,290
Total market value
$1,167,520
Applied tax rate
52.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
9,144 SF
Lot
0.81 ac (35,284 SF)
Zoning code
C2
APN
28-37-05-02-0000A.0-0010.00
UPID
US18-5226882
Jurisdiction
BREVARD
Zoning & alternative use
C2 · West Melbourne, FL
Zoning C2 · permitted uses
C2 · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
OFFICE 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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Thompson Sales LLC
Entity
Mailing address
1100 S FRENCH AVE, SANFORD, FL 32771-3366
Ownership since
2025
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
Jul 3, 2025
$975,000
Thompson Sales LLC
Lutz Property Partners LLC
Deed
$575,000 · Lutz Property Partners LLC
Feb 21, 2023
$1,450,000
Lutz Property Partners LLC
Angel Luis Gerena
Warranty Deed
$1,160,000 · Pinncacle Bank
Aug 18, 2016
—
Angel L Gerena
—
Deed
related
$928,476 · Donnie Narmore
Sep 8, 2011
$975,000
Gerena,angel L & Elizabeth
Narmore,donnie
Warranty Deed
$965,000 · Donnie Narmore
Jan 27, 2003
$150,000
Donnie Narmone
Saxon,benjamin Y
Grant Deed
—
Jan 18, 2002
$150,000
Benjamin Y Saxon
Matlock,della J
Grant Deed
—
—
—
Angel L Gerena
—
Deed Of Trust
related
$943,976 · Donnie Narmore
—
—
Angel L Gerena
—
Loan Modification
related
$928,476 · Donnie Narmore
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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