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    Property profile & analytics

    2500 Hwy 1st Ste, Unit 103 Melbourne, FL 32903-2337

    • Strip malls
    • 10,800 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Location Intelligence
    Property ID
    US18-6096603
    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

    • Strip malls

    Property Details for 2500 Hwy 1st Ste

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    10,800 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    27-37-24-00-00007.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $430,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $455,000
      Mixed-Use
      $420,000
      Hospitality
      $450,000
      Educational
      $400,000
      Residential Income
      $495,000
      Energy
      $445,000
      Income-Based Land
      $485,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.5781
    Latitude
    28.126
    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
    $20,800
    $409,550
    $570,540
    $980,090
    -
    $409,550
    $570,540
    $980,090

    Comparable in this City

    • Value Estimation
      $500,000
      1,744 SF

      322 5th Ave

      SHOPPING CENTER, STRIP CENTER • 1,744 SF
      322 5th Ave, Indialantic, FL 32903-4200
      View Details
    • Value Estimation
      $255,000
      3,239 SF

      129 5th Ave

      SHOPPING CENTER, STRIP CENTER • 3,239 SF
      129 5th Ave, Indialantic, FL 32903-3175
      View Details
    • Value Estimation
      $1,160,000
      7,130 SF

      200 Miramar Ave

      SHOPPING CENTER, STRIP CENTER • 7,130 SF
      200 Miramar Ave, Indialantic, FL 32903-3262
      View Details
    • Value Estimation by Request
      14,000 SF

      1400 Hwy A1a

      SHOPPING CENTER, STRIP CENTER • 14,000 SF
      1400 Hwy A1a, Indialantic, FL 32903-2772
      View Details
    • Value Estimation by Request
      48,815 SF

      810 Miramar Ave

      SHOPPING CENTER, STRIP CENTER • 48,815 SF
      810 Miramar Ave, Indialantic, FL 32903-3004
      View Details
    • Value Estimation by Request
      6,261 SF

      107 Miramar Ave

      SHOPPING CENTER, STRIP CENTER • 6,261 SF
      107 Miramar Ave, Indialantic, FL 32903-3225
      View Details

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    • $3,900,000
      4.00 Acres

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    Similar Nearby for Lease

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      Indialantic Commercial Office Space

      Prime Indialantic Office, Retail, or Medical Space
      244 5Th Ave, Indialantic, FL 32903
      View Details
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      21,941 SF

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      Indialantic Office Suites Available
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    • $26 SF/Yr
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      Indialantic Office Space For Lease

      Prime Indialantic Office, 1600 sq ft
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    • $24 SF/Yr
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      Indialantic Office Building For Lease

      Prime Indialantic office space available. Beachfront location.
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    • $21 SF/Yr
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      Move-in Ready Office Space

      Second-floor office space with private offices, kitchen, and bathrooms.
      122 4Th Ave, Indialantic, FL 32903
      View Details
    • $22 SF/Yr
      1,200 SF

      Indialantic Office Space For Rent

      Office space available for lease in Indialantic, Florida.
      134 5Th Ave, Indialantic, FL 32903
      View Details
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    2500 Hwy 1st Ste, Unit 103
    Melbourne, FL 32903-2337
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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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