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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Warehouses
145 Ee Dr Ste A Melbourne, FL 32904-1007
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0872557
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,330 SF
Lot
0.93 ac (40,511 SF)
Zoning code
IU
APN
27-36-26-75-00000.0-000D.09
UPID
US19-0872557
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
-
BCI Mechanical General Contractor Construction Company
-
Ground Support and Test Equipment Freight Service Logistics Company
-
Brown Contractors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.95M
Owner & transaction history
Mxl Properties LLC · 2 yrs held
Mxl Properties LLC
since 2024
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
IU · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+100.2%
Office building
$2.5M
+81.6%
Retail stores
$2.1M
+53.7%
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
$1,950,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,305,000
7%
$1,215,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,375,000
Current use
AUTO REPAIR, GARAGE
$2,755,000
Change: +100% · Conversion: Easy
OFFICE BUILDING
$2,500,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$2,115,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$1,975,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (Feb 26 2024)
Last sale anchor
$1.95M
Feb 26 2024
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
$158 / 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
$12,320
Tax year 2023
Assessed value
$771,040
Assessed 2023
Previous assessed
$771,040
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$125,860
Assessed improvement
$645,180
Land market value
$125,860
Improvement market value
$645,180
Total market value
$771,040
Applied tax rate
5,300.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
2
Total area
12,330 SF
Lot
0.93 ac (40,511 SF)
Zoning code
IU
APN
27-36-26-75-00000.0-000D.09
UPID
US19-0872557
Jurisdiction
BREVARD
Zoning & alternative use
IU · Melbourne, FL
Zoning IU · permitted uses
IU · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Mxl Properties LLC
Entity
Mailing address
1211 HATHAWAY RD SW, PALM BAY, FL 32908-6264
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
$1,950,000
Mxl Properties LLC
Jmb & Company INC
Warranty Deed
$1,530,500 · Jmb & Company INC
Jun 13, 2003
$550,000
Jmb & Co INC
Hull Speed Data Products INC
Grant Deed
$360,000 · Republic Bank
Mar 22, 1999
$480,000
Clear To Send Electronics INC
Armstrong,john C
Grant Deed
$385,000 · The Bank Brevard
—
—
Datalink Ready INC
—
Deed Of Trust
related
$78,330 · Bank Brevard
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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