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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Medical Office Space
1315 Valentine St Melbourne, FL 32901-3127
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0410290
Property summary
AI-generated overview
This exceptional 3,820-square-foot medical office building, located at 1315 Valentine Street in Melbourne, Florida, presents a unique leasing opportunity. Situated on a 0.34-acre lot, this single-tenant property boasts a prime location within Brevard County, zip code 32901. Originally constructed in 1964, the building underwent a complete renovation in 2022, ensuring modern amenities and functionality. The property is zoned RP and offers ample space for a variety of medical practices. The entire 3,820 square feet is currently vacant and ready for immediate occupancy. This presents a rare chance to establish or relocate a medical practice in a fully updated, well-located building. The property's single-tenant occupancy provides a streamlined and efficient operational environment. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent presence in the thriving Melbourne medical community. The building's recent renovation ensures modern aesthetics and efficient layouts, ideal for a contemporary medical practice.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,045 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RP
APN
27-37-34-51-00000.0-0298.00
UPID
US19-0410290
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
Current use
Occupant on record · Public records
-
Brevard Health Alliance Medical Clinic
-
Mark Mctammany Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$900k
Owner & transaction history
London Group Holdings LLC · 4 yrs held
London Group Holdings LLC
since 2022
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
RP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+93.5%
Auto repair, garage
$905,000
+39.6%
Office building
$705,000
+9.2%
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
$960,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$725,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Current use
COMMERCIAL (GENERAL)
$1,250,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$905,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +9% · Conversion: Easy
RETAIL STORES
$695,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $925k (May 6 2022)
Last sale anchor
$925k
May 6 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
$222 / 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
$12,882
Tax year 2023
Assessed value
$715,150
Assessed 2023
Previous assessed
$708,500
+0.9% YoY
Effective rate
1.80%
On assessed value
Assessed land
$187,500
Assessed improvement
$527,650
Land market value
$187,500
Improvement market value
$527,650
Total market value
$715,150
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,045 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RP
APN
27-37-34-51-00000.0-0298.00
UPID
US19-0410290
Jurisdiction
BREVARD
Zoning & alternative use
RP · Melbourne, FL
Zoning RP · permitted uses
RP · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$905,000
OFFICE BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
London Group Holdings LLC
Entity
Mailing address
3823 CRAIGSTON ST, MELBOURNE, FL 32940-1287
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$925,000
London Group Holdings LLC
Four Strings LLC
Warranty Deed
$740,000 · Community Bank Of The South
Jan 30, 2006
$550,000
Four Strings LLC
Raymond A Armstrong
Warranty Deed
$467,500 · Wachovia Bk
—
—
Four Strings LLC
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
—
—
Four Strings LLC
—
Deed Of Trust
related
$827,060 · Td Bank NA
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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