Property profile

1315 Cypress Ave Melbourne, FL 32935

OFF-MARKET
Retail space
Property ID
US18-2911160
5,600 SF 0.17 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,600 SF
Lot 0.17 ac (7,405 SF)
Zoning code C2
APN 27-37-21-25-0000E.0-0006.00
UPID US18-2911160

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1315 Cypress Ave Melbourne, FL 32935-5924
Melbourne metro Census 64201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2020
Last sale
$397,000
1 recorded transaction
2020
$397,000

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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