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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Apartment buildings
1151 Sanddune Ln 1 Melbourne, FL 32935-5294
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-6121509
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
16,934 SF
Lot
26.66 ac (1,161,310 SF)
Zoning code
R2 (6)
APN
27-37-20-03-00002.0-0000.00
UPID
US18-6121509
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
$1.81M
Blend (final)
Blend
$1.77M
Owner & transaction history
We Harbour LLC · 14 yrs held
We Harbour LLC
since 2011
4 recorded transactions
Zoning & alternative use
R2 (6) · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10%
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
$105 / 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
$247,212
Tax year 2023
Assessed value
$16,313,290
Assessed 2023
Previous assessed
$15,249,280
+7.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$680,840
Assessed improvement
$15,632,450
Land market value
$680,840
Improvement market value
$15,632,450
Total market value
$16,313,290
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
3
Units
20
Bathrooms
7
Total area
16,934 SF
Lot
26.66 ac (1,161,310 SF)
Zoning code
R2 (6)
APN
27-37-20-03-00002.0-0000.00
UPID
US18-6121509
Jurisdiction
BREVARD
Zoning & alternative use
R2 (6) · Melbourne, FL
Zoning R2 (6) · permitted uses
R2 (6) · 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
1986
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
8
Units
20
Bathrooms
7
Lot
26.66 ac
Current owner
From public records · entity-resolved
We Harbour LLC
Entity
Free & Clear · 14 yrs held
Mailing address
12 COLLEGE RD, MONSEY, NY 10952-2821
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2011
$7,262,500
We Harbour LLC
Apollo-oxford Associates LP
Grant Deed
—
Dec 14, 2009
—
Apollo-oxford Associates
—
Deed Of Trust
related
$10,600,000 · Merrill Lynch Cap Svcs INC
Oct 6, 2009
—
Apollo-oxford Associates
—
Trustees Deed
related
$3,810,000 · Transamerica Life Insurance Co
—
—
We Harbour LLC
—
Deed Of Trust
related
$6,605,000 · Cbre Cap Markets
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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