Entity Owned Property summary
AI-generated overview
This exceptional 1.98-acre property at 2150 Dairy Road in Melbourne, Florida, presents a unique investment opportunity. The 9,288 square foot building, zoned I-B Integrated Business, offers versatile commercial and residential potential. Currently featuring a full commercial kitchen, large bar area, banquet room, and multiple meeting rooms, the structure is ideal for a variety of uses. Alternatively, the property's zoning and location provide incredible redevelopment possibilities. Situated on busy Dairy Road, just 200 yards from US-192, this location benefits from high visibility and traffic, with over 35,000 vehicles daily passing the intersection of Dairy Road and US-192, according to FDOT data. The asking price for the entire 1.98-acre property with the building is $1,500,000. A separate offering of the building and approximately one acre of land is available for $895,000. This prime Brevard County location in zip code 32904 offers significant upside for savvy investors seeking a high-traffic, multi-use property. The property's size and zoning allow for a wide range of development options, making it an attractive prospect for both established businesses and new ventures. Don't miss this chance to acquire a substantial property in a thriving area.
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,342 SF
Lot
1.98 ac (86,249 SF)
Zoning code
C1
APN
28-37-05-79-0000B.0-0007.00
UPID
US18-3909835
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
since 2024
Last sale
$950,000
2 recorded transactions
Zoning & alternative use
C1 · West Melbourne, FL
Top alternative use upside
Industrial (general)
$1.5M
+181.4%
Office building
$1.2M
+117.8%
Restaurant
$1.1M
+109.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$940k
Value range
$846k – $1.03M
±10% around blend
Estimated value / SF
$101 / SF
Confidence
Property data
100
Comparable evidence
60
$846k
blend $940k
$1.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,342 SF
Lot area
1.98 ac
Year built
1970
Stories
1
APN
28-37-05-79-0000B.0-0007.00
Zoning
C1
Assessed value
$762,430
Annual tax
$11,372
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$940k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+181%
vs current-use indication
Office Building
Restaurant
Warehouse, Storage
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$950k
Move the market yield to see immediate price impact.
Value / SF
$102
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$60k
$1.20M
$855k
$665k
$67k
$1.33M
$950k
$739k
$73k
$1.46M
$1.05M
$813k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,372
Tax year 2023
Assessed value
$762,430
Assessed 2023
Previous assessed
$779,410
-2.2% YoY
Effective rate
1.49%
On assessed value
Assessed land
$418,180
Assessed improvement
$344,250
Land market value
$418,180
Improvement market value
$344,250
Total market value
$762,430
Applied tax rate
34.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
9,342 SF
Lot
1.98 ac (86,249 SF)
Zoning code
C1
APN
28-37-05-79-0000B.0-0007.00
UPID
US18-3909835
Jurisdiction
BREVARD
Zoning & alternative use
C1 · West Melbourne, FLZoning C1 · permitted uses
C1 · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
West Melbourne, FL
Recorded code
C1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in West Melbourne, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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