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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Turn key restaurants
2130 New Hvn Ave West Melbourne, FL 32904-3804
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2101239
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,531 SF
Lot
2.93 ac (127,631 SF)
Zoning code
CP
APN
28-37-06-00-00036.0-0000.00
UPID
US18-2101239
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$740k
Owner & transaction history
Pro-nan Xi LLC · 13 yrs held
Pro-nan Xi LLC
since 2013
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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$87 / 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
$41,799
Tax year 2023
Assessed value
$1,989,620
Assessed 2023
Previous assessed
$1,982,280
+0.4% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,533,050
Assessed improvement
$456,570
Land market value
$1,533,050
Improvement market value
$456,570
Total market value
$1,989,620
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
8,531 SF
Lot
2.93 ac (127,631 SF)
Zoning code
CP
APN
28-37-06-00-00036.0-0000.00
UPID
US18-2101239
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
Pro-nan Xi LLC
Entity
Mailing address
9911 W BROADVIEW DR, BAY HARBOR ISLANDS, FL 33154-1129
Ownership since
2013
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
Aug 1, 2013
$2,167,000
Pro-nan Xi LLC
Lifetime Property II LLC
Grant Deed
$1,000,000 · Intervest National Bank
Jul 30, 2012
$1,275,000
Lifetime Property II LLC
Ge Capital Franchise Finance Corpor
Special Warranty Deed
$1,275,000 · Branch Banking And Trust Co
Nov 16, 2007
$2,215,000
Ge Cap Franchise Finance Corp
Viera Commerce Park LLC
Warranty Deed
related
—
Dec 1, 2005
$1,550,000
Viera Commerce Park LLC
Adams Annie L Trust
Grant Deed
$1,150,000 · Dettmer Dale A (te)
Sep 6, 2005
—
Jerry W Moore
Adams Doris L Family Trust
Warranty Deed
related
—
Aug 17, 2004
—
Jerry W Moore
Adams Doris L Trust
Warranty Deed
related
—
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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