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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
1341 Bedford Dr Melbourne, FL 32940-1998
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0661873
Property summary
AI-generated overview
This exceptional Class A commercial property, located at 1341 Bedford Drive, Suite B, Melbourne, FL 32940, presents a unique opportunity. The single-story building, constructed in 1986 and extensively renovated in 2022, boasts a total of 2,086 square feet of office space, all currently vacant and available for lease. Situated on a 0.38-acre lot, the building features a desirable location with convenient access to North Wickham Road. The interior offers a well-designed layout including a reception/clerical area, seven private offices, a conference room, and a break room. The main corner office is enhanced by a private full bathroom with ceramic tile and a walk-in shower. High-end finishes include luxury vinyl plank (LVP) and carpeting throughout. Enjoy breathtaking views of the lake and Baytree Golf Course from the rear offices. The building has an 8-foot ceiling height. The APN is 26-36-14-30-00000.0-0007.00. Additional costs include CAM charges of $433.50 and applicable sales tax. This is a turnkey solution for businesses seeking a prestigious and functional workspace in a highly desirable location. The property is comprised of one building with multiple suites.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,920 SF
Lot
0.38 ac (16,553 SF)
Zoning code
BU-1
APN
26-36-14-30-00000.0-0007.00
UPID
US19-0661873
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
-
Jody E Medfast Urgent Care-Psj Physician
-
Dr. Brian Walls Physician
-
Tiffany Michaux Physician
-
Amy B Van Fossen PA Law Firm
-
Jody Johnson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$870k
Owner & transaction history
Epigraph Properties LLC · 1 yrs held
Epigraph Properties LLC
since 2025
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
BU-1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+17.6%
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
$895,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,030,000
Current use
COMMERCIAL (GENERAL)
$1,215,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$875,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $850k (Jan 27 2025)
Last sale anchor
$850k
Jan 27 2025
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
$7,386
Tax year 2023
Assessed value
$522,250
Assessed 2023
Previous assessed
$498,890
+4.7% YoY
Effective rate
1.41%
On assessed value
Assessed land
$142,070
Assessed improvement
$380,180
Land market value
$142,070
Improvement market value
$380,180
Total market value
$522,250
Applied tax rate
4,200.0000
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
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Bathrooms
4
Total area
3,920 SF
Lot
0.38 ac (16,553 SF)
Zoning code
BU-1
APN
26-36-14-30-00000.0-0007.00
UPID
US19-0661873
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Melbourne, FL
Zoning BU-1 · permitted uses
BU-1 · 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
OFFICE BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$875,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Bathrooms
4
Lot
0.38 ac
Current owner
From public records · entity-resolved
Epigraph Properties LLC
Entity
Mailing address
2930 BUSH DR, MELBOURNE, FL 32935-2156
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$850,000
Epigraph Properties LLC
Strong Investments LLC
Warranty Deed
$637,000 · Bankunited NA
Dec 15, 2005
—
Strong Investments Lc
Armstrong Custom Homes INC
Quit Claim Deed
—
—
—
Armstrong Custom Homes INC
—
Deed Of Trust
related
$97,911 · Individual
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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