Entity Owned Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,567 SF
Lot
110.73 ac (4,823,399 SF)
Zoning code
I1
APN
28-37-09-00-00016.0-0000.00
UPID
US18-5902482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.64M
Owner & transaction history
Zoning & alternative use
I1 · Melbourne, FL
Zoning description
The provisions applicable to this district are intended to apply to an area which can serve the needs of the community for public and semi public facilities of an educational, recreational, health or cultural nature. Sin…
General category
CIVIC_INSTITUTIONAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.64M
Value range
$4.18M – $5.10M
±10% around blend
Estimated value / SF
$87 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$4.18M
blend $4.64M
$5.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,567 SF
Lot area
110.73 ac
Year built
1971
Stories
7
APN
28-37-09-00-00016.0-0000.00
Zoning
I1
Assessed value
$100,460,860
Annual tax
$87,428
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.26M
Range $1.20M – $4.26M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 25 sales
$545
-84%
County 51 sales
$505
-83%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $87/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$100.46M
Move the market yield to see immediate price impact.
Value / SF
$1,875
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6.33M
$126.58M
$90.41M
$70.32M
$7.03M
$140.65M
$100.46M
$78.14M
$7.74M
$154.71M
$110.51M
$85.95M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$87,428
Tax year 2023
Assessed value
$100,460,860
Assessed 2023
Previous assessed
$93,803,540
+7.1% YoY
Effective rate
0.09%
On assessed value
Assessed land
$2,384,470
Assessed improvement
$98,076,390
Land market value
$2,384,470
Improvement market value
$98,076,390
Total market value
$100,460,860
Applied tax rate
34.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
57
Stories
7
Units
190
Total area
53,567 SF
Lot
110.73 ac (4,823,399 SF)
Zoning code
I1
APN
28-37-09-00-00016.0-0000.00
UPID
US18-5902482
Jurisdiction
BREVARD
Zoning & alternative use
I1 · Melbourne, FLZoning I1 · permitted uses
I1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The provisions applicable to this district are intended to apply to an area which can serve the needs of the community for public and semi public facilities of an educational, recreational, health or cultural nature. Sin…
General category
CIVIC_INSTITUTIONAL
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
7
Buildings
57
Units
190
Lot
110.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I1
CIVIC_INSTITUTIONAL
Jurisdiction
Melbourne, FL
Recorded code
I1
Official district
I1
Official district profile
What the municipal code says about I1
Zoning description
The provisions applicable to this district are intended to apply to an area which can serve the needs of the community for public and semi public facilities of an educational, recreational, health or cultural nature. Sin…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in Melbourne, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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