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    Property profile & analytics

    1694 Hibiscus Blvd Melbourne, FL 32901-2636

    • Shopping centers
    • 1.38 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-2468765
    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

    • Dr. Maria F. Barrera Hagen, DDS / Dentist
    • Hypnotherapy by Jenny & Epic Renewal Concepts / Mental Health Service
    • Kathy D. Pearce, PsyD / Psychologist
    • Mcmaster Construction / General Contractor
    • AssuredPartners / Insurance Agency / Insurance Broker

    Property Details for 1694 Hibiscus Blvd

    Year built
    1999
    Lot size
    1.38 lot acres
    Zone code
    C2
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    27-37-32-00-00515.0-0000.00
    APU
    9223372036854775807

    Description

    This exceptional 2,359 square foot retail space is situated within the prestigious Hibiscus Office Park in Melbourne, Florida. Located at 1694 W Hibiscus Boulevard (zip code 32901), this single-tenant property boasts a prime location with direct exposure to high traffic Hibiscus Boulevard. The property features a well-designed layout, including an open reception area ideal for collaborative work environments and a central workflow area. The building itself is part of an award-winning, beautifully landscaped office park, distinguished by high-quality construction including ceramic tile roofs and abundant windows. Ample natural light enhances the workspace. The property includes shared pylon signage and mansard signage, providing excellent visibility and branding opportunities. The lot size is a generous 1.38 acres (APN: 27-37-32-00-00515.0-0000.00), offering potential for expansion or future development. This move-in ready space presents a rare opportunity for businesses seeking a high-profile location in a thriving area of Melbourne. The property is classified as Retail and Land, with a single tenancy.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6485
    Latitude
    28.0863
    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
    $411
    $10
    $10
    $20
    -
    $10
    $10
    $20

    Comparable in this City

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      SHOPPING CENTER COMMON AREA • 0.35 Acres
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    • Value Estimation by Request
      0.50 Acres

      Melbourne, FL 32901

      SHOPPING CENTER COMMON AREA • 0.50 Acres
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    Melbourne, FL 32901-2636
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    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
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