Estimated value (blended)
$610k
Range $549k – $671k (±10%)
Implied cap rate
7.70%
In-place · NOI ÷ last sale
Property ID
US18-6030802
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,313 SF
Lot
15.91 ac (693,040 SF)
Zoning code
BU1
APN
27-37-18-00-00500.0-0000.00
UPID
US18-6030802
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$610k
Owner & transaction history
Zoning & alternative use
BU1 · Melbourne, FL
Top alternative use upside
Auto repair, garage
$965,000
+73.0%
Medical building
$690,000
+23.9%
Retail stores
$630,000
+13.1%
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.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$610k
Value range
$549k – $671k
±10% around blend
Estimated value / SF
$141 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$549k
blend $610k
$671k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,313 SF
Lot area
15.91 ac
Year built
1987
Stories
1
APN
27-37-18-00-00500.0-0000.00
Assessed value
$908,760
Annual tax
$13,853
3
Income approach: direct capitalization
Partial preview
Income approach indication
$455k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$495k
@ 6.5% CAP return
$455k
@ 7% CAP return
$425k
4
Sales comparison
Partial preview
Sales approach indication
$885k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.9 mi away · 4,984 SF
21.6 mi away · 3,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$610k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 107 sales
$129
+10%
County 178 sales
$125
+13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $141/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+73%
vs current-use indication
Medical Building
Retail Stores
Neighborhood: Shopping Center
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
7.70%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.70%
9.0%
NOI (est.)
$64k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$826k
Move the market yield to see immediate price impact.
Value / SF
$192
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
7.20%7.70%8.20%
$57k
$795k
$744k
$698k
$64k
$884k
$826k
$776k
$70k
$972k
$909k
$853k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$545k
4.8 mi · Jan 2026 · $104/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,853
Tax year 2023
Assessed value
$908,760
Assessed 2023
Previous assessed
$873,980
+4.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$543,150
Assessed improvement
$365,610
Land market value
$543,150
Improvement market value
$365,610
Total market value
$908,760
Applied tax rate
4,200.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
4,313 SF
Lot
15.91 ac (693,040 SF)
Zoning code
BU1
APN
27-37-18-00-00500.0-0000.00
UPID
US18-6030802
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Melbourne, FLZoning BU1 · permitted uses
BU1 · 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
15.91 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BU1
Jurisdiction
Melbourne, FL
Recorded code
BU1
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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