2051 Hbr City Blvd Melbourne, FL 32935-6649
Property profile & analytics
2051 Hbr City Blvd, Melbourne, FL 32935-6649
- Retail space
- 11,970 SF
- 1.09 lot acres
Property ID
US18-3252938
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Badcock Home Furniture &more / Home Decor Store / Department Store
Property Details for 2051 Hbr City Blvd
- Year built
- 1979
- Construction
- FRAME
- Lot size
- 1.09 lot acres
- Zone code
- C1
- Property type
- Retail space
- APN
- 27-37-16-25-00015.0-0001.00
- APU
- 9223372036854775807
Description
This exceptional 1.09-acre commercial property, located at 2051 N. Harbor City Blvd in Melbourne, FL (32935), presents a unique investment opportunity. Boasting 17,020 square feet of space across two buildings, this property enjoys a prime corner location on US-1, benefiting from high visibility and accessibility with over 30,000 vehicles passing daily. Currently configured as a retail space and warehouse, the property features 11,642 square feet of retail area, a 4,640 square foot warehouse, and a 774 square foot mezzanine. The warehouse includes two 10'x10' overhead roll-up truck doors with truck wells. Ceiling heights range from 10 feet in the showroom to 20 feet in the warehouse, with eave/building heights of 12-20 feet. The property also includes a paved parking lot with 25 spaces. Recent improvements include a roof coating (2021) and six air conditioning units (three installed in 2023, three in 2013). The property is zoned C-1, allowing for a wide range of uses including general retail, restaurants, medical facilities, various housing types (single-unit, senior, student), bed and breakfasts, hotels/motels, offices, and research and development. The asking price is $2,200,000 ($129.26/sq ft). The property is currently 100% occupied, with the occupancy date expiring November 22, 2024. Built in 1979 and renovated in 1985, this property offers significant potential for a variety of commercial ventures. A current appraisal is available. The owner has operated the retail showroom and warehouse for over 50 years and the property will be cleared upon sale.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,895,000
- ML approach
- $1,875,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,300,000
- 6.5%
- $2,125,000
- 7%
- $1,970,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,685,000
- AI Estimate
- $1,378,000
Market price range: $925k - $2.06MMarket price range: $552k - $2.07M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,750,000 Current use
- AUTO REPAIR, GARAGE
- $2,675,000 Change: +53% Conversion: Difficult
- MEDICAL BUILDING
- $1,915,000 Change: +10% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,640,000 Change: -6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6335
- Latitude
- 28.1404
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,612
$299,880
$870,590
$1,170,470
-
$299,880
$870,590
$1,170,470
