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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Automotive properties
1416 Hbr City Blvd Melbourne, FL 32901-3211
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-0498818
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2003
Construction
FRAME
Total area
11,943 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C2
APN
27-37-34-77-0000B.0-0011.00
UPID
US18-0498818
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
-
Prestige Volkswagen Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.23M
Owner & transaction history
Dingman Bros 1416 LLC · 14 yrs held
Dingman Bros 1416 LLC
since 2011
5 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+38.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,670,000
Current use
COMMERCIAL (GENERAL)
$3,700,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±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
$187 / 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
$47,585
Tax year 2023
Assessed value
$2,492,150
Assessed 2023
Previous assessed
$2,492,150
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$493,040
Assessed improvement
$1,999,110
Land market value
$493,040
Improvement market value
$1,999,110
Total market value
$2,492,150
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
1
Total area
11,943 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C2
APN
27-37-34-77-0000B.0-0011.00
UPID
US18-0498818
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Melbourne, FL
Zoning C2 · permitted uses
C2 · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
2003
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Dingman Bros 1416 LLC
Entity
Mailing address
1051 W WEBSTER AVE, WINTER PARK, FL 32789-3033
Ownership since
2011
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
Sep 20, 2011
—
Dingman Bros 1416 LLC
Dingman,william E
Quit Claim Deed
related
—
Nov 16, 1999
$900,000
William E Dingman
First Choice Auto Finance INC
Grant Deed
—
—
—
Dingman Bros 1416 LLC
—
Deed Of Trust
related
$2,700,000 · Bank Of America
—
—
William E Dingman
—
Deed Of Trust
related
$2,700,000 · World Omni Financial Corp
—
—
William E Dingman
—
Deed Of Trust
related
$1,000,000 · Bank Of America
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.
Try Rey
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