Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Medical Office Space
1801 Hibiscus Blvd Melbourne, FL 32901-2622
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0525909
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1998
Construction
WOOD
Total area
6,376 SF
Lot
2 ac (87,120 SF)
Zoning code
C1A
APN
28-37-05-00-00271.0-0000.00
UPID
US18-0525909
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
-
Implant, Dentistry of Florida- Clark F. Brown Dental Office
-
Implant Dentistry of Florida Dental Office
-
Clark Brown Dental Office
-
Alejandro Martinez Dental Office
-
Gary P Spanner LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.30M
Owner & transaction history
Oak Tree Dental Properties LLC · 1 yrs held
Oak Tree Dental Properties LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C1A · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+93.5%
Auto repair, garage
$1.4M
+39.6%
Office building
$1.1M
+9.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,335,000
6.5%
$1,235,000
7%
$1,145,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,020,000
Current use
COMMERCIAL (GENERAL)
$1,975,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,425,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$1,115,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,095,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.42M (May 16 2024)
Last sale anchor
$1.42M
May 16 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
$203 / 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
$17,469
Tax year 2023
Assessed value
$962,210
Assessed 2023
Previous assessed
$916,310
+5.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$603,740
Assessed improvement
$358,470
Land market value
$603,740
Improvement market value
$358,470
Total market value
$962,210
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,376 SF
Lot
2 ac (87,120 SF)
Zoning code
C1A
APN
28-37-05-00-00271.0-0000.00
UPID
US18-0525909
Jurisdiction
BREVARD
Zoning & alternative use
C1A · Melbourne, FL
Zoning C1A · permitted uses
C1A · 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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1998
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Oak Tree Dental Properties LLC
Entity
Mailing address
230 W UTOPIA CIR, MERRITT ISLAND, FL 32952-7101
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
$1,422,900
Oak Tree Dental Properties LLC
Hibiscus Dental Properties LLC
Warranty Deed
$1,138,261 · Fifth Third Bank NA
May 16, 2018
—
Hibiscus Dental Properties LLC
—
Deed
related
$988,500 · United States Small Business Admin
Nov 8, 2017
—
Hibiscus Dental Properties LLC
—
Deed
related
$790,800 · Td Bk NA
Dec 23, 2014
$510,000
Bank Of The West
Gary P Spanner LLC Coc
Trustees Deed
related
—
Jan 8, 2009
$2,835,000
Gary P Spanner LLC
Cb-fl Vault West Hibiscus Melb
Grant Deed
$1,975,000 · Mark One Capital INC
Dec 28, 2007
$2,799,000
Cb-fl Vault West Hibiscus Melb
Colonial Bank NA
Warranty Deed
$49,392,696 · Wachovia Bank NA
—
—
Hibiscus Dental Properties LLC
—
Loan Modification
related
$790,800 · Td Bk NA
—
—
Hibiscus Dental Properties LLC
—
Loan Modification
related
$808,000 · Td Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1801 Hibiscus Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
