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    Property profile & analytics

    2150 Dairy Rd West Melbourne, FL 32904-5242

    • Specialty properties
    • 9,342 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimation
    $910,000
    Last Sale
    Aug 04, 2022
    $950,000
    Location Intelligence
    Property ID
    US18-3909835
    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.

    Current Use by Public Records

    • Specialty properties

    Property Details for 2150 Dairy Rd

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.98 lot acres
    Property size
    9,342 SF
    Zone code
    C1
    Property type
    Specialty properties
    APN
    28-37-05-79-0000B.0-0007.00
    APU
    283705790000B0000700

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $940,000

    • CAP approach

      CAP return
      Estimation
      6%
      $880,000
      6.5%
      $995,000
      7%
      $930,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $865,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $775,000
      Retail
      $735,000
      Mixed-Use
      $900,000
      Hospitality
      $870,000
      Educational
      $760,000
      Residential Income
      $735,000
      Energy
      $725,000
      Income-Based Land
      $745,000
      Food Service
      $885,000

    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6384
    Latitude
    28.0769
    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
    $11,372
    $418,180
    $344,250
    $762,430
    -
    $418,180
    $344,250
    $762,430

    Comparable in this City

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    • Value Estimation
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      3 Annette Dr

      SHOPPING CENTER COMMON AREA • 952 SF
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    • Value Estimation
      $585,000
      2,907 SF

      Melbourne, FL 32904

      SHOPPING CENTER COMMON AREA • 2,907 SF
      Melbourne, FL 32904
      View Details

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    2150 Dairy Rd
    West Melbourne, FL 32904-5242
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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