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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Medical Office Space
1525 Wickham Rd, West Melbourne, FL 32904-3540
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-6125797
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,816 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C1A
APN
28-36-01-01-00000.0-000E.06
UPID
US18-6125797
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
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$860k
Owner & transaction history
Coastal Leasing Solutions INC · 11 yrs held
Coastal Leasing Solutions INC
since 2015
7 recorded transactions
Zoning & alternative use
C1A · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+39.6%
Office building
$1.2M
+26.7%
Retail stores
$1.0M
+7.2%
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$930,000
Current use
AUTO REPAIR, GARAGE
$1,300,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: +27% · Conversion: Easy
RETAIL STORES
$1,000,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$148 / 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
$18,862
Tax year 2023
Assessed value
$1,312,970
Assessed 2023
Previous assessed
$1,228,330
+6.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$254,940
Assessed improvement
$1,058,030
Land market value
$254,940
Improvement market value
$1,058,030
Total market value
$1,312,970
Applied tax rate
52.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
3
Total area
5,816 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C1A
APN
28-36-01-01-00000.0-000E.06
UPID
US18-6125797
Jurisdiction
BREVARD
Zoning & alternative use
C1A · West Melbourne, FL
Zoning C1A · permitted uses
C1A · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Coastal Leasing Solutions INC
Entity
Mailing address
1525 S WICKHAM RD, WEST MELBOURNE, FL 32904-3540
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2017
—
Coastal Leasing Solutions INC
—
Trustees Deed
related
$1,414 · Wells Fargo Bk
Apr 2, 2015
$265,000
Coastal Leasing Solutions INC
Rebecca Talbott
Warranty Deed
$175,000 · Seacoast National Bank
Aug 16, 2006
$1,265,000
Coastal Leasing Solutions INC
Montes,carlos I & Barbara K
Warranty Deed
$885,600 · Amsouth Bank
Jul 13, 2006
$12,700
Brevard County Florida
Montes,carlos I JR & Barbara K
Warranty Deed
—
Feb 26, 2004
—
Carlos I Montes
—
Trustees Deed
related
$566,000 · Amsouth Bank
Feb 5, 2004
$146,000
Carlos I Montes
Cobb,sylvia O
Grant Deed
—
—
—
Coastal Leasing Solutions INC
—
Deed Of Trust
related
$793,639 · Bankfirst
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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