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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
1450 Railroad Ave Malabar, FL 32950-4400
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9015440
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
FRAME
Total area
3,000 SF
Lot
3.95 ac (172,062 SF)
Zoning code
CG
APN
28-38-31-54-0000B.0-0036.00
UPID
US18-9015440
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$545k
Owner & transaction history
Lotus Group Investments INC · 13 yrs held
Lotus Group Investments INC
since 2013
3 recorded transactions
Zoning & alternative use
CG · Malabar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CG district is established to implement comprehensive plan policies for managing general commercial development
Zone name
Commercial General
General category
COMMERCIAL
Zone area
140.66 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$670,000
+73.0%
Office building
$600,000
+55.2%
Retail stores
$515,000
+32.8%
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 Malabar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malabar 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
$360,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$385,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +73% · Conversion: Easy
OFFICE BUILDING
$600,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$480,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$182 / 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
$9,837
Tax year 2023
Assessed value
$559,810
Assessed 2023
Previous assessed
$517,760
+8.1% YoY
Effective rate
1.76%
On assessed value
Assessed land
$236,580
Assessed improvement
$323,230
Land market value
$236,580
Improvement market value
$323,230
Total market value
$559,810
Applied tax rate
34.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
8
Bathrooms
2
Total area
3,000 SF
Lot
3.95 ac (172,062 SF)
Zoning code
CG
APN
28-38-31-54-0000B.0-0036.00
UPID
US18-9015440
Jurisdiction
BREVARD
Zoning & alternative use
CG · Malabar, FLZoning CG · permitted uses
CG · Malabar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CG district is established to implement comprehensive plan policies for managing general commercial development
Zone name
Commercial General
General category
COMMERCIAL
Zone area
140.66 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$670,000
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES
Est. value
$515,000
MEDICAL BUILDING
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$410,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
8
Bathrooms
2
Lot
3.95 ac
Current owner
From public records · entity-resolved
Lotus Group Investments INC
Entity
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2013
$365,000
Lotus Group Investments INC
Railroad Avenue LLC
Warranty Deed
—
Feb 22, 2005
$800,000
Railroad Avenue LLC
Losch,joseph D & Nancy M
Warranty Deed
$640,000 · Rbc Centura Bank
—
—
Railroad Avenue LLC
—
Deed Of Trust
related
$700,000 · Wachovia Bank NA
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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