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1918 Aurora Rd, Melbourne, FL 32935
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Property summary
AI-generated overview
This exceptional 1-story, 1957-built commercial property at 1918 Aurora Road, Melbourne, FL 32935, presents a unique investment opportunity. Boasting a substantial 20,037.6 sq ft lot, the property features a main building with three offices, a fully equipped kitchen, and a welcoming reception area. A spacious front deck enhances customer accessibility, while a covered parking area on the building's side provides convenient shelter. Currently zoned for auto sales, this versatile property offers significant potential for a variety of commercial uses. Its prime location on Aurora Road ensures high visibility and accessibility, attracting substantial foot traffic. The large parking lot accommodates numerous vehicles, ensuring ample space for customers and employees. The property's solid construction and functional layout provide a strong foundation for a thriving business. This is an excellent opportunity to acquire a well-situated commercial property in a thriving Florida market. The asking price is $599,900.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1957
Construction
WOOD
Total area
938 SF
Lot
0.46 ac (20,038 SF)
Zoning code
BU-2
APN
27-37-17-30-0000A.0-0017.00
UPID
US19-0412331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$285k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$285k
Owner & transaction history
since 2003
4 recorded transactions
Zoning & alternative use
BU-2 · Melbourne, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$285k
Value range
$257k – $314k
±10% around blend
Estimated value / SF
$304 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$257k
blend $285k
$314k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
938 SF
Lot area
0.46 ac
Year built
1957
Stories
1
APN
27-37-17-30-0000A.0-0017.00
Zoning
BU-2
Assessed value
$139,280
Annual tax
$3,785
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$285k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 66 sales
$223
+36%
County 124 sales
$209
+46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $304/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$139k
Move the market yield to see immediate price impact.
Value / SF
$148
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$9k
$176k
$125k
$98k
$10k
$195k
$139k
$108k
$11k
$215k
$153k
$119k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,785
Tax year 2023
Assessed value
$139,280
Assessed 2023
Previous assessed
$139,170
+0.1% YoY
Effective rate
2.72%
On assessed value
Assessed land
$105,000
Assessed improvement
$34,280
Land market value
$105,000
Improvement market value
$34,280
Total market value
$139,280
Applied tax rate
4,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1957
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
3
Total area
938 SF
Lot
0.46 ac (20,038 SF)
Zoning code
BU-2
APN
27-37-17-30-0000A.0-0017.00
UPID
US19-0412331
Jurisdiction
BREVARD
Zoning & alternative use
BU-2 · Melbourne, FLZoning BU-2 · permitted uses
BU-2 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
0.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BU-2
Jurisdiction
Melbourne, FL
Recorded code
BU-2
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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