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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Warehouses
1500 Maple Ave, Melbourne, FL 32935-5962
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0429079
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,056 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M1
APN
27-37-16-54-0000C.0-0002.00
UPID
US19-0429079
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
-
Southeastern Seaproducts Take-out & Catering Fish Market
-
Sinister Ballyhoo Industrial Manufacturer Production Facility
-
Juniors bait co Big Box & Wholesale Store
-
Welcome to Salty Seas Big Box & Wholesale Store
-
American Masters Roofing & General Contracting Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.48M
Owner & transaction history
Southeastern Seaproducts INC · 4 yrs held
Southeastern Seaproducts INC
since 2022
7 recorded transactions
Zoning & alternative use
M1 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$70 / 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
$25,381
Tax year 2023
Assessed value
$1,011,000
Assessed 2023
Previous assessed
$709,500
+42.5% YoY
Effective rate
2.51%
On assessed value
Assessed land
$147,260
Assessed improvement
$863,740
Land market value
$147,260
Improvement market value
$863,740
Total market value
$1,011,000
Applied tax rate
43.0000
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
3
Total area
21,056 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M1
APN
27-37-16-54-0000C.0-0002.00
UPID
US19-0429079
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Melbourne, FL
Zoning M1 · permitted uses
M1 · 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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
Southeastern Seaproducts INC
Entity
Mailing address
1500 MAPLE AVE, MELBOURNE, FL 32935-5962
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Southeastern Seaproducts INC
—
Deed
related
$2,000,000 · United States Small Business Admin
Mar 28, 2022
—
Southeastern Seaproducts INC
1500 Maple LLC
Special Warranty Deed
$1,168,000 · Florida Cu
Apr 19, 2018
—
1500 Maple LLC
—
Deed
related
$624,000 · Fidelity Bk/fl
Aug 9, 2017
$625,000
1500 Maple LLC
Southeastern Seaproducts II Ll
Warranty Deed
—
Sep 15, 2010
$1,070,000
Seaproducts Southeastern II
Benhispalis LLC
Warranty Deed
$535,000 · Regions Bank
Apr 30, 2007
$975,000
Benhispalis LLC
Welsh,frederick C & Christine M
Warranty Deed
—
—
—
Benhispal LLC
—
Deed Of Trust
related
$1,000,000 · Murray & Lillian Durst
—
—
1500 Maple LLC
—
Deed Of Trust
related
$624,000 · Fidelity Bk/fl
—
—
Seaproducts Southeastern II
—
Deed Of Trust
related
$535,000 · Florida Business Dev Corp
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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