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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Apartment buildings
1350 Tradition Cir 13 Melbourne, FL 32901-3089
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-5900458
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
WOOD
Total area
3,572 SF
Lot
14.61 ac (636,412 SF)
Zoning code
R2
APN
27-37-33-00-00752.0-0000.00
UPID
US18-5900458
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
-
Twin River Charters (Bike/Boat/Book/etc) Store
-
Tesoro house Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Gray Property 4104 LLC · 19 yrs held
Gray Property 4104 LLC
since 2007
5 recorded transactions
Zoning & alternative use
R2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$520,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$161 / 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
$426,730
Tax year 2023
Assessed value
$26,729,050
Assessed 2023
Previous assessed
$29,434,600
-9.2% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,730,250
Assessed improvement
$24,998,800
Land market value
$1,730,250
Improvement market value
$24,998,800
Total market value
$26,729,050
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
20
Stories
2
Units
2
Total area
3,572 SF
Lot
14.61 ac (636,412 SF)
Zoning code
R2
APN
27-37-33-00-00752.0-0000.00
UPID
US18-5900458
Jurisdiction
BREVARD
Zoning & alternative use
R2 · Melbourne, FL
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
20
Units
2
Lot
14.61 ac
Current owner
From public records · entity-resolved
Gray Property 4104 LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1700 BAYBERRY CT STE #300, RICHMOND, VA 23226-3791
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2017
—
Gray Property 4104 LLC
—
Loan Modification
related
$23,595,000 · Capital One NA
Mar 27, 2007
$27,200,000
Gray Property 4104 LLC
Melbourne Apartment Assocs I L
Grant Deed
—
Aug 22, 2003
$1,105,000
Coast Cu Space
Florida Market Place Brevard
Grant Deed
related
—
—
—
Harp Holding Co
—
Deed Of Trust
related
$140,000 · Indian River National Bank
—
—
Harp Holding Co
—
Deed Of Trust
related
$260,000 · Indian River National Bank
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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