Property profile

1987 Highland Ave Melbourne, FL 32935

FOR SALE
Land
Property ID
US18-4496417
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Property summary

AI-generated overview

A mixed-use property constructed in 2013 is located in the Eau Gallie Arts District and is zoned C-1. The property is configured for short-term residential use and includes a pool. Furnishings are present and are described as mostly new. The backyard has an area that remains incomplete. Based on the zoning and existing layout, the property may be suitable for uses such as short-term lodging (e.g., Airbnb or a bed-and-breakfast operation), assisted living, doggie daycare, medical, spa, or professional office, subject to applicable approvals and verification. Surrounding development includes new riverfront homes within about one block.

Property profile

Verified
Property type Land
UPID US18-4496417

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1987 Highland Ave Melbourne, FL 32935
Melbourne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

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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More about this property
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