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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
1710 Wuesthoff Dr Melbourne, FL 32940-6709
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-5915624
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,060 SF
Lot
8.87 ac (386,377 SF)
Zoning code
PUD
APN
26-36-03-05-000AA.1-0000.00
UPID
US18-5915624
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
$445k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$560k
Owner & transaction history
Broadstone Med Florida LLC · 13 yrs held
Broadstone Med Florida LLC
since 2012
2 recorded transactions
Zoning & alternative use
PUD · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+64.6%
Auto repair, garage
$685,000
+39.6%
Retail stores
$525,000
+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 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
$445,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Current use
OFFICE BUILDING
$805,000
Change: +65% · Conversion: Easy
AUTO REPAIR, GARAGE
$685,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$395,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$183 / 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
$104,019
Tax year 2023
Assessed value
$5,239,250
Assessed 2023
Previous assessed
$5,255,240
-0.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$965,940
Assessed improvement
$4,273,310
Land market value
$965,940
Improvement market value
$4,273,310
Total market value
$5,239,250
Applied tax rate
420.0000
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 CLINIC
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
3,060 SF
Lot
8.87 ac (386,377 SF)
Zoning code
PUD
APN
26-36-03-05-000AA.1-0000.00
UPID
US18-5915624
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Melbourne, FL
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$490,000
OFFICE BUILDING
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$685,000
RETAIL STORES
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$395,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
8.87 ac
Current owner
From public records · entity-resolved
Broadstone Med Florida LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11625 CUSTER RD STE #110, FRISCO, TX 75035-8784
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2012
$7,868,400
Broadstone Med Florida LLC
S & S Alf LLC
Warranty Deed
—
Dec 5, 2008
$11,750,000
S & S Alf LLC
Wuesthoff Fam Physicians INC
Grant Deed
—
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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