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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Industrial properties
1225 New Hvn Ave Melbourne, FL 32901-7512
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2388072
Property summary
AI-generated overview
This exceptional 1,100 square foot commercial property, located at 1225 E New Haven Ave in Melbourne, Florida (zip code 32901), presents a unique investment opportunity. Currently undergoing a complete renovation (projected completion November 15th), the property boasts brand new electrical systems, flooring, and HVAC. The single-story building sits on a lot with dimensions not specified and features a single suite. The property's APN is 28-37-02-Fd-22-9. Its prime location just off the Melbourne Causeway and near downtown Melbourne ensures high visibility and accessibility. The versatile space is ideal for a variety of businesses, including retail, office, or creative studios. A significant advantage is the inclusion of a private, attached single-car garage, offering valuable extra storage or workspace. This is a rare opportunity to secure a renovated, high-traffic commercial space in a thriving area of Melbourne. The property is currently available for lease. Contact us today to learn more about this exceptional property and schedule a viewing.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1946
Construction
WOOD
Total area
5,760 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C3
APN
28-37-02-FD-00022.0-0009.00
UPID
US18-2388072
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
$600k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$920k
Blend (final)
Blend
$745k
Owner & transaction history
F&s Melbourne Properties INC · 2 yrs held
F&s Melbourne Properties INC
since 2023
Last sale
$765,000
5 recorded transactions
Zoning & alternative use
C3 · 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
$585,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $765k (Oct 19 2023)
Last sale anchor
$765k
Oct 19 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
$129 / 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
$4,335
Tax year 2023
Assessed value
$220,020
Assessed 2023
Previous assessed
$120,000
+83.4% YoY
Effective rate
1.97%
On assessed value
Assessed land
$97,500
Assessed improvement
$122,520
Land market value
$97,500
Improvement market value
$122,520
Total market value
$220,020
Applied tax rate
34.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
7
Total area
5,760 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C3
APN
28-37-02-FD-00022.0-0009.00
UPID
US18-2388072
Jurisdiction
BREVARD
Zoning & alternative use
C3 · Melbourne, FL
Zoning C3 · permitted uses
C3 · 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
1946
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
7
Lot
0.07 ac
Current owner
From public records · entity-resolved
F&s Melbourne Properties INC
Entity
Mailing address
4040 GLT OCEAN DR, ORLANDO, FL 32828
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
$765,000
F&s Melbourne Properties INC
Klt East Coast LLC
Warranty Deed
$600,000 · Krezar Holdings LLC
Aug 26, 2022
—
Klt East Coast LLC
Ccp Properties LLC
Correction Deed
related
—
Aug 25, 2022
$7,416,000
Klt East Coast LLC
Ccp Properties LLC
Special Warranty Deed
$5,400,000 · Ccp Properties LLC
Apr 11, 2016
—
JR Properties Two LLC
Seafaring Technology INC
Grant Deed
—
Feb 9, 2000
$300,000
Seafaring Technology INC
Malerk Trust
Grant Deed
$230,000 · Seller
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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