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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Schools
2401 Hbr City Blvd Melbourne, FL 32935-6657
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5105499
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,241 SF
Lot
5.23 ac (227,819 SF)
Zoning code
CP
APN
27-37-09-00-00538.0-0000.00
UPID
US18-5105499
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
Current use
Occupant on record · Public records
-
Melissa Knoll Physician Medical Clinic
-
Center for Spiritual Living Space Coast Church Mosque
-
Platinum Show Chorus Music Venue Theater & Performing Art Venue
-
CBE Life Coaching & Counseling Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.79M
Owner & transaction history
Dje Property Holdings LLC · 2 yrs held
Dje Property Holdings LLC
since 2023
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
CP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+153.6%
Commercial (general)
$2.5M
+134.4%
Restaurant
$2.3M
+120.5%
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 Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$1,685,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,670,000
Change: +154% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,470,000
Change: +134% · Conversion: Difficult
RESTAURANT
$2,325,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,950,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$1,940,000
Change: +84% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,510,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $2.20M (Aug 29 2023)
Last sale anchor
$2.20M
Aug 29 2023
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
$110 / 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
$2,471
Tax year 2023
Assessed value
$2,491,520
Assessed 2023
Previous assessed
$2,534,270
-1.7% YoY
Effective rate
0.10%
On assessed value
Assessed land
$1,003,040
Assessed improvement
$1,488,480
Land market value
$1,003,040
Improvement market value
$1,488,480
Total market value
$2,491,520
Applied tax rate
43.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
16,241 SF
Lot
5.23 ac (227,819 SF)
Zoning code
CP
APN
27-37-09-00-00538.0-0000.00
UPID
US18-5105499
Jurisdiction
BREVARD
Zoning & alternative use
CP · Melbourne, FL
Zoning CP · permitted uses
CP · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
5.23 ac
Current owner
From public records · entity-resolved
Dje Property Holdings LLC
Entity
Mailing address
3733 STRM DR, MELBOURNE, FL 32940-1102
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$2,200,000
Dje Property Holdings LLC
Unity Church Of Melbourne INC
Special Warranty Deed
$2,200,000 · Bank Of America NA
Aug 29, 2023
—
Dje Property Holdings LLC
—
Deed
related
$2,200,000 · Bank Of America NA
Oct 3, 2019
$21,100
City Of Melbourne
Church Of Melbourne INC
Warranty Deed
—
Oct 15, 2018
—
Church Of Melbourne INC
—
Deed
related
$100,000 · Marine Bk
—
—
Church Of Melbourne INC
—
Deed Of Trust
related
$100,000 · Marine Bk
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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