Entity Owned Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,908 SF
Lot
17.92 ac (780,595 SF)
Zoning code
CP
APN
27-37-34-50-00000.0-000A.03
UPID
US18-6131859
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.24M
CAP Approach
CAP
$13.51M
Comparable Approach
Comparable
$14.39M
Blend (final)
Blend
$10.97M
Owner & transaction history
since 2023
Last sale
$14.3M
5 recorded transactions
Zoning & alternative use
CP · Melbourne, FL
Zoning description
The provisions of this district are intended to apply to areas located adjacent to a main highway. The types of uses permitted and restrictions are intended to serve the needs of the motorist and provide an amenable impr…
General category
COMMERCIAL
Top alternative use upside
Commercial (general)
$20.4M
+126.2%
Auto repair, garage
$14.7M
+63.2%
Office building
$11.5M
+27.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.97M
Value range
$9.87M – $12.06M
±10% around blend
Estimated value / SF
$166 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$9.87M
blend $10.97M
$12.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
65,908 SF
Lot area
17.92 ac
Year built
1959
Stories
1
APN
27-37-34-50-00000.0-000A.03
Zoning
CP
Assessed value
$8,741,430
Annual tax
$188,040
3
Income approach: direct capitalization
Partial preview
Income approach indication
$13.51M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$14.63M
@ 6.5% CAP return
$13.51M
@ 7% CAP return
$12.54M
4
Sales comparison
Partial preview
Sales approach indication
$14.39M
Range $4.75M – $14.39M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.97M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 75 sales
$137
+22%
County 148 sales
$138
+21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $166/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+126%
vs current-use indication
Auto Repair, Garage
Office Building
Retail Stores
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
8.00%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.00%
9.0%
NOI (est.)
$1.00M *
Last sale · Dec 2023
$14.33M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.54M
Move the market yield to see immediate price impact.
Value / SF
$190
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.50%8.00%8.50%
$903k
$12.04M
$11.28M
$10.62M
$1.00M
$13.37M
$12.54M
$11.80M
$1.10M
$14.71M
$13.79M
$12.98M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$188,040
Tax year 2023
Assessed value
$8,741,430
Assessed 2023
Previous assessed
$8,720,840
+0.2% YoY
Effective rate
2.15%
On assessed value
Assessed land
$2,419,690
Assessed improvement
$6,321,740
Land market value
$2,419,690
Improvement market value
$6,321,740
Total market value
$8,741,430
Applied tax rate
53.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
5
Total area
65,908 SF
Lot
17.92 ac (780,595 SF)
Zoning code
CP
APN
27-37-34-50-00000.0-000A.03
UPID
US18-6131859
Jurisdiction
BREVARD
Zoning & alternative use
CP · Melbourne, FLZoning CP · permitted uses
CP · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The provisions of this district are intended to apply to areas located adjacent to a main highway. The types of uses permitted and restrictions are intended to serve the needs of the motorist and provide an amenable impr…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
5
Lot
17.92 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CP
COMMERCIAL
Jurisdiction
Melbourne, FL
Recorded code
CP
Official district
CP
Official district profile
What the municipal code says about CP
Zoning description
The provisions of this district are intended to apply to areas located adjacent to a main highway. The types of uses permitted and restrictions are intended to serve the needs of the motorist and provide an amenable impr…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CP in Melbourne, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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