Property profile

2605 Hwy A1a Melbourne, FL 32903

OFF-MARKET
Commercial land
Property ID
US18-3080602
99,902 SF 2.42 ac lot Built 1979
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 99,902 SF
Lot 2.42 ac (105,415 SF)
Zoning code TU-1
APN 27-37-13-00-00759.0-0000.00
UPID US18-3080602

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Hotel & Motel
  • (Bike/Boat/Book/etc) Store
  • Restaurant

Location

2605 Hwy A1a Melbourne, FL 32903-2301
Melbourne metro Census 66301 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.84M
Comparable Approach Comparable
$12.54M
Blend (final) Blend
$12.81M

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2018
$100
2018
$52.0M
2011
$31.4M

Zoning & alternative use

TU-1 · Melbourne, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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