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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Warehouses
175 Ww Dr Melbourne, FL 32904-1077
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4680379
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2008
Construction
FRAME
Total area
9,000 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M1
APN
27-36-26-75-00000.0-000B.12
UPID
US18-4680379
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
-
Affordable Glass Protection (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$1.30M
Owner & transaction history
175 West Drive LLC · 2 yrs held
175 West Drive LLC
since 2024
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+100.2%
Office building
$1.8M
+81.6%
Retail stores
$1.5M
+53.7%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,005,000
Current use
AUTO REPAIR, GARAGE
$2,010,000
Change: +100% · Conversion: Easy
OFFICE BUILDING
$1,825,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$1,545,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$1,440,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Jun 6 2024)
Last sale anchor
$1.30M
Jun 6 2024
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
$144 / 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
$9,525
Tax year 2023
Assessed value
$493,490
Assessed 2023
Previous assessed
$493,490
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$138,550
Assessed improvement
$354,940
Land market value
$138,550
Improvement market value
$354,940
Total market value
$493,490
Applied tax rate
53.0000
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
2008
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
9,000 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M1
APN
27-36-26-75-00000.0-000B.12
UPID
US18-4680379
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
2008
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
175 West Drive LLC
Entity
Mailing address
3191 MAGUIRE BLVD STE #257, ORLANDO, FL 32803-3723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$1,300,000
175 West Drive LLC
Van R Jackson
Deed
—
Jan 31, 2022
—
Van R Jackson
Affordable Glass Protection INC
Quit Claim Deed
related
—
Dec 5, 2014
$194,000
Glass Protection In Affordable
Larson LLC
Grant Deed
$386,672 · Branch Bk&tr
Sep 26, 2002
$49,500
Larson LLC
Shirley,john A & Grace A
Grant Deed
—
—
—
Larson LLC
—
Deed Of Trust
related
$448,000 · Branch Banking & Trust Co
—
—
Larson LLC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
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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