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    Property profile & analytics

    135 Palm Bay Rd Ned West Melbourne, FL 32904-8600

    • Drive through restaurants
    • 3,075 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimation
    $3,250,000
    Last Sale
    Nov 08, 2021
    $3,100,000
    Location Intelligence
    Property ID
    US18-4066124
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Telysi Animal Specialists / Animal Protection Organization
    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 135 Palm Bay Rd Ned

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.32 lot acres
    Property size
    3,075 SF
    Zone code
    C1
    Property type
    Drive through restaurants
    APN
    28-37-19-00-00260.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,275,000
      6.5%
      $3,370,000
      7%
      $3,130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,340,000
      Geo Method
      $2,820,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,675,000
      Retail
      $2,850,000
      Mixed-Use
      $2,630,000
      Hospitality
      $3,060,000
      Educational
      $3,025,000
      Residential Income
      $2,395,000
      Energy
      $2,830,000
      Income-Based Land
      $2,555,000
      Food Service
      $3,150,000

    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6685
    Latitude
    28.0361
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,838
    $917,760
    $222,560
    $1,140,320
    -
    $917,760
    $222,560
    $1,140,320

    Comparable in this City

    • Value Estimation by Request
      3,764 SF

      1895 New Hvn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,764 SF
      1895 New Hvn Ave, West Melbourne, FL 32904-3931
      View Details
    • Value Estimation
      $3,910,000
      3,969 SF

      4325 New Hvn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,969 SF
      4325 New Hvn Ave, West Melbourne, FL 32904-3319
      View Details
    • Value Estimation by Request
      3,104 SF

      189 Palm Bay NE Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,104 SF
      189 Palm Bay NE Rd, West Melbourne, FL 32904-8600
      View Details
    • Value Estimation
      $555,000
      1,944 SF

      290 Wickham Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,944 SF
      290 Wickham Rd, West Melbourne, FL 32904-1134
      View Details
    • Value Estimation by Request
      2,556 SF

      2035 New Hvn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,556 SF
      2035 New Hvn Ave, West Melbourne, FL 32904-3801
      View Details
    • Value Estimation by Request
      3,599 SF

      2450 New Hvn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,599 SF
      2450 New Hvn Ave, West Melbourne, FL 32904-3710
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,728 SF

      Drive-Thru Restaurant Opportunity

      Second generation drive-thru restaurant in prime retail corridor.
      2650 W New Haven Ave, Melbourne, FL 32904
      View Details
    • $2,550,000
      1.15 Acres

      Former Wendy’s with Drive-Thru For Sale

      Restaurants • 2,728 SF
      2650 New Haven Ave, Melbourne, FL 32904
      View Details
    • $299,000
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      West Melbourne Restaurant - $299K

      Profitable Woody's Bar-B-Q Franchise
      2261 New Hvn Ave, West Melbourne, FL 32904
      View Details
    • $950,000
      9,418 SF

      Multi-Building Commercial Property For Sale

      Three-building commercial property with bonus apartment, fully occupied, fenced.
      71-99 Sunset Dr, Melbourne, FL 32904
      View Details
    • $1,995,000
      3,315 SF

      Melbourne Retail Investment Opportunity

      High-Traffic Gas Station & Convenience Store
      3435 Minton Rd, Melbourne, FL 32904
      View Details
    • Contact for pricing
      350,000 SF

      Space Coast Town Center Development

      Mixed-use development opportunity in growing Space Coast region.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Building in Melbourne, Florida

      4,676 SF free-standing restaurant building available for rent.
      Melbourne, FL 32904
      View Details
    • Contact for pricing
      350,000 SF

      Space Coast Town Center Offices

      Prime Brevard County Office Space
      US-192 & St Johns Heritage Pkwy, Melbourne, FL 32904
      View Details
    • $14 SF/Yr
      30,000 SF

      Retail Space on US 192

      Retail space with frontage on a busy retail corridor.
      2923 W New Haven Ave, Melbourne, FL 32904
      View Details
    • $13 SF/Yr
      2,900 SF

      Retail Space on 192

      Retail space with high visibility and traffic counts available for rent.
      3300-3360 W New Haven Ave, Melbourne, FL 32904
      View Details
    • Contact for pricing
      2,980 SF

      Retail/Medical Space For Lease

      2,980 SF space with convenient access and fantastic signage.
      6345 N Wickham Rd, Melbourne, FL 32904
      View Details
    • $17 SF/Yr
      3,000 SF

      Melbourne Retail & Office Space

      Prime 3,000 SF Single-Tenant Retail/Office
      3300 New Haven Ave, Melbourne, FL 32904
      View Details

    Property Visit Statistics

    • Visits by month
      21.6k
    • Visitors by month
      19.9k
    • Avg Time on site
      11 min
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    135 Palm Bay Rd Ned
    West Melbourne, FL 32904-8600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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