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Property profile & analytics
OFF-MARKET
Office buildings
203 Nieman Ave Melbourne, FL 32901-1252
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8704208
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
WOOD
Total area
3,300 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1
APN
27-37-28-75-00000.0-0189.00
UPID
US18-8704208
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
-
Better World Analytics Engineering Consultant
-
Gladiator Innovations LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
A Affordable Sign Co Of Central Fl · 1 yrs held
A Affordable Sign Co Of Central Fl
since 2024
Last sale
$460,000
7 recorded transactions
Zoning & alternative use
C1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,261
Tax year 2023
Assessed value
$302,560
Assessed 2023
Previous assessed
$302,560
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$64,970
Assessed improvement
$237,590
Land market value
$64,970
Improvement market value
$237,590
Total market value
$302,560
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,300 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1
APN
27-37-28-75-00000.0-0189.00
UPID
US18-8704208
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Melbourne, FL
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
A Affordable Sign Co Of Central Fl
Entity
Free & Clear · 1 yrs held
Mailing address
1347 GEM CIR, ROCKLEDGE, FL 32955-6420
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$460,000
A Affordable Sign Co Of Central Fl
Ccc USA LLC
Warranty Deed
—
Aug 20, 2020
$275,000
Ccc-usa LLC
Coop Construction INC
Warranty Deed
—
Jun 2, 2020
$135,000
Coop Construction INC
Synovus Bk
Grant Deed
—
Mar 10, 2020
—
Synovus Bk
203 Neiman Ave LLC Coc
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 6, 2007
—
203 Neiman Ave LLC
Higher Praise Cathedral INC
Quit Claim Deed
related
—
Nov 21, 2005
—
Higher P Cathedrail
Gilmore,jennifer L
Quit Claim Deed
related
—
Jul 20, 2005
$236,900
203 Neiman Ave LLC
Gilmore,jennifer
Warranty Deed
—
Oct 10, 2002
$180,000
Jennifer Gilmore
Perdue,j T
Grant Deed
$100,000 · Hammond Trust
—
—
203 Neiman Ave LLC
—
Deed Of Trust
related
$376,000 · Coastal Bank
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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