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Property profile & analytics
FOR SALE
Office buildings
1280 Highway 1 Malabar, FL 32950
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-4406835
For Sale
1 / 65
Contact for pricing
1280 Highway 1, Malabar, FL 32950
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
WOOD
Total area
1,140 SF
Lot
0.61 ac (26,572 SF)
Zoning code
RLC
APN
28-38-31-00-00262.0-0000.00
UPID
US18-4406835
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Ronald M Robin JR · 4 yrs held
Ronald M Robin JR
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
RLC · Malabar, 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 Malabar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malabar 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
$680,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $800k (Jun 1 2022)
Last sale anchor
$800k
Jun 1 2022
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
$684 / 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
$10,485
Tax year 2023
Assessed value
$643,000
Assessed 2023
Previous assessed
$593,000
+8.4% YoY
Effective rate
1.63%
On assessed value
Assessed land
$193,000
Assessed improvement
$450,000
Land market value
$193,000
Improvement market value
$450,000
Total market value
$643,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1948
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
1,140 SF
Lot
0.61 ac (26,572 SF)
Zoning code
RLC
APN
28-38-31-00-00262.0-0000.00
UPID
US18-4406835
Jurisdiction
BREVARD
Zoning & alternative use
RLC · Malabar, FLZoning RLC · permitted uses
RLC · Malabar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Ronald M Robin JR
Individual
Free & Clear · 4 yrs held
Mailing address
4283 TURTLE MOUND RD, MELBOURNE, FL 32934-8591
Ownership since
2022
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
Jun 1, 2022
$800,000
Ronald M Robin JR
Kamden Homes LLC
Warranty Deed
—
Oct 9, 2018
$350,000
Kamden Homes LLC
James J Milucky
Warranty Deed
$297,500 · Seacoast National Bank
Jun 20, 2005
—
John S Milucky
Milucky,john S
Quit Claim Deed
related
—
Dec 6, 2002
$120,000
John S Milucky
Simons,robert
Grant Deed
—
Apr 29, 2002
$45,000
Lee Goetz
Bottrell,jay D
Quit Claim Deed
related
—
Jun 26, 2001
$90,000
Jay D Bottrell
Slavin,james P
Grant Deed
$90,000 · James P
Jun 17, 1998
$66,000
Henry Wetering
Kelly,james F & Deanna B
Grant Deed
—
—
—
Robert Simons
—
Deed Of Trust
related
$60,000 · Richard W Pierre
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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