Financial
Distress signals
Property profile

1987 Harbor City Blvd Melbourne, FL 32935

FOR SALE
Retail space
Property ID
US18-5742789
1,288 SF 0.21 ac lot Built 1961
Last sale Jul 2022 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a cleared, level 0.81-acre commercial corner lot situated at a signalized intersection on US-1 (N Harbor City Blvd) in Melbourne, Florida, with frontage along US-1, Masterson Street, and Guava Avenue. It is development-ready and zoned C-1 & C-2, which allows for a range of commercial uses including drive-thru/QSR, retail, professional and medical office, multi-tenant strip center, and mixed-use developments. The site has access to city water and sewer and is located near the Eau Gallie area with convenient routes to major roadways.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$96k
Assessed land$86k
Assessed improvement$11k
Effective rate2.04%

Value estimate

· Sep 2026
$350k
$315k – $385k
AI approach$340k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$4k
Operating expenses−$6k
NOI · 2.70% cap applied$18k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$146/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$77 – $172
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2.70%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serv...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.7
Restaurant13.7
Dental Office12.6

Location

1987 Harbor City Blvd Melbourne, FL 32935
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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