Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1509 Hbr City Blvda Melbourne, FL 32935-6572

    • Medical offices
    • 10,830 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $1,675,000
    Last Sale
    Aug 16, 2022
    $1,630,000
    Location Intelligence
    Property ID
    US18-5044817
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 1509 Hbr City Blvda

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.39 lot acres
    Property size
    10,830 SF
    Zone code
    C3
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    27-37-16-25-00040.0-0004.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,500,000
      6.5%
      $1,490,000
      7%
      $1,615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,530,000
      Geo Method
      $1,780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,675,000
      Retail
      $1,530,000
      Mixed-Use
      $1,615,000
      Hospitality
      $1,450,000
      Educational
      $1,430,000
      Residential Income
      $1,680,000
      Energy
      $1,885,000
      Income-Based Land
      $1,530,000
      Food Service
      $1,570,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6309
    Latitude
    28.1315
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,322
    $163,700
    $399,580
    $563,280
    -
    $163,700
    $399,580
    $563,280

    Comparable in this City

    • Value Estimation
      $180,000
      1,462 SF

      2268 Sarno Rd

      DENTAL BUILDING • 1,462 SF
      2268 Sarno Rd, Melbourne, FL 32935-3004
      View Details
    • Value Estimation
      $475,000
      0.70 Acres

      18 Dl Ave

      DENTAL BUILDING • 0.70 Acres
      18 Dl Ave, Melbourne, FL 32935-6975
      View Details
    • Value Estimation
      $265,000
      2,340 SF

      469 Hbr City Blvd

      DENTAL BUILDING • 2,340 SF
      469 Hbr City Blvd, Melbourne, FL 32935-6857
      View Details
    • Value Estimation by Request
      4,567 SF

      3605 Wickham Rd

      DENTAL BUILDING • 4,567 SF
      3605 Wickham Rd, Melbourne, FL 32935-2345
      View Details
    • Value Estimation
      $370,000
      3,922 SF

      220 Babcock St

      DENTAL BUILDING • 3,922 SF
      220 Babcock St, Melbourne, FL 32935-6717
      View Details
    • Value Estimation
      $295,000
      4,076 SF

      2551 Eau Gallie Blvd Ste, Unit 101

      MEDICAL BUILDING • 4,076 SF
      2551 Eau Gallie Blvd Ste, Melbourne, FL 32935-8961
      View Details

    Similar Nearby for Sale

    • $535,000
      2,740 SF

      Stand-Alone Office Building For Sale

      2,702 SF office building with tenant in place until 2025.
      2211 Sarno Rd, Melbourne, FL 32935
      View Details
    • $1,050,000
      3,200 SF

      High-Visibility Medical Office Building

      Prime US-1 location, vacant medical office.
      1532 Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $275,900

      Melbourne Mixed-Use Development Opportunity

      Prime 16,117 SF lot, build your vision!
      2745 Unknown Rd, Melbourne, FL 32935
      View Details
    • $574,900
      1,850 SF

      Melbourne Office Building - Waterfront Views

      Prime 1850 sq ft office, 100% occupied.
      632 Thomas Barbour Dr, Melbourne, FL 32935
      View Details
    • $125,000
      600 SF

      Wickham Road Office Condo

      Office condo in high-traffic area with low-maintenance investment potential.
      700 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $9,250,000

      Melbourne Office Complex: Prime Location

      65,995 SF Office Space, 55 Units, $9.25M
      1600 Sarno Rd, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      80,196 SF

      Melbourne Office Space for Lease

      Prime Office Space, Beachfront Access
      1220 Sarno Rd, Melbourne, FL 32935
      View Details
    • $15 SF/Yr
      3,780 SF

      Medical/Office Space for Lease

      Medical and office spaces available for lease with ample parking.
      2200-2290 W Eau Gallie Blvd, Melbourne, FL 32935
      View Details
    • $16 SF/Yr
      3,220 SF

      Medical Building with Great Visibility

      3,220 SF medical building with excellent location and signage.
      2261 Sarno Rd, Melbourne, FL 32935
      View Details
    • $23 SF/Yr
      1,500 SF

      Office/Medical Space on Wickham Road

      Office/Medical space available with monument signage and ample parking.
      2755 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $44 SF/Yr
      1,725 SF

      Midtown Melbourne Office Building

      Fully renovated, 1,725 sq ft office.
      390 Poinciana Dr, Melbourne, FL 32935
      View Details
    • $12 SF/Yr
      500 SF

      Sarno Road Office Space For Sale

      Fully renovated, single-tenant office suite.
      1116 Sarno Rd, Melbourne, FL 32935
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1509 Hbr City Blvda
    Melbourne, FL 32935-6572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.