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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Retail space
2120 New Hvn Ave West Melbourne, FL 32904-3804
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4144837
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,165 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CP
APN
28-37-06-08-0000B.0-0023.00
UPID
US18-4144837
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
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.82M
Owner & transaction history
Ln Melbourne LLC · 4 yrs held
Ln Melbourne LLC
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
CP · West Melbourne, FL
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$2,640,000
ML approach
$2,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $3.02M (Jul 1 2022)
Last sale anchor
$3.02M
Jul 1 2022
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
$676 / 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
$15,431
Tax year 2023
Assessed value
$1,052,270
Assessed 2023
Previous assessed
$1,036,990
+1.5% YoY
Effective rate
1.47%
On assessed value
Assessed land
$390,720
Assessed improvement
$661,550
Land market value
$390,720
Improvement market value
$661,550
Total market value
$1,052,270
Applied tax rate
52.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,165 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CP
APN
28-37-06-08-0000B.0-0023.00
UPID
US18-4144837
Jurisdiction
BREVARD
Zoning & alternative use
CP · West Melbourne, FLZoning CP · permitted uses
CP · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Ln Melbourne LLC
Entity
Mailing address
1665 WASHINGTON AVE FL #4, MIAMI BEACH, FL 33139-3172
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$3,020,000
Ln Melbourne LLC
West Melbourne LLC
Special Warranty Deed
$1,500,000 · Wells Fargo Bank NA
Oct 10, 2011
$1,590,000
West Melbourne LLC
2120 New Haven LLC
Grant Deed
—
May 9, 2011
$560,000
2120 New Haven LLC
Union Fidelity Life Ins Co
Grant Deed
$1,130,000 · Regions Bank
Feb 10, 2010
$630,000
Union Fidelity Life Ins Co
Premier Restaurant Mgmt Co
Grant Deed
—
Feb 10, 2010
—
Premier Restaurant Mgmt Co
—
Deed Of Trust
related
$1,725,000 · Union Fidelity Life Insurance
Dec 29, 1999
$3,380,000
Premier Restaurant Management
Clark,patsy J
Grant Deed
$6,000,000 · Atherton Capital INC
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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