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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Medical Office Space
199 Wickham Rd Rds, Melbourne, FL 32904-1131
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5943978
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,950 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
27-36-25-00-00761.0-0000.00
UPID
US18-5943978
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$805k
Blend (final)
Blend
$600k
Owner & transaction history
Asghar H Agha · 9 yrs held
Asghar H Agha
since 2017
7 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$885,000
+39.6%
Office building
$800,000
+26.7%
Retail stores
$680,000
+7.2%
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%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
AUTO REPAIR, GARAGE
$885,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +27% · Conversion: Easy
RETAIL STORES
$680,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$152 / 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
$16,097
Tax year 2023
Assessed value
$861,480
Assessed 2023
Previous assessed
$794,560
+8.4% YoY
Effective rate
1.87%
On assessed value
Assessed land
$352,590
Assessed improvement
$508,890
Land market value
$352,590
Improvement market value
$508,890
Total market value
$861,480
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
3,950 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
27-36-25-00-00761.0-0000.00
UPID
US18-5943978
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Melbourne, FL
Zoning C2 · permitted uses
C2 · 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
$630,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
MEDICAL BUILDING Current
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Asghar H Agha
Individual
Mailing address
234 LANSING IS DR, INDIAN HARBOUR BEACH, FL 32937-5101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2017
—
Asghar H Agha
Agha,asghar H & Kaneez Z
Quit Claim Deed
related
—
Jun 17, 2014
—
Asghar H Agha
Agha,asghar H & Kaneez Z
Quit Claim Deed
related
—
Jul 2, 2002
—
Asghar H Agha
—
Trustees Deed
related
$650,000 · Indian River National Bank
Jun 5, 2001
$170,000
Asghar H Agha
Spear Valley Properties INC
Grant Deed
$136,000 · Bank Brevard
Jun 30, 1999
$350,000
John Mcmillan
Boyd Trust
Grant Deed
$280,000 · Nationsbank
—
—
Asghar H Agha
—
Deed Of Trust
related
$100,000 · Republic Bank
—
—
Asghar H Agha
—
Deed Of Trust
related
$100,000 · Suntrust Bank 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.
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