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Property profile & analytics
OFF-MARKET
Estimated value
$12,805,000
Commercial land
2605 Hwy A1a Melbourne, FL 32903-2301
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3080602
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Starbucks + Gelato Cafe & Coffee Shop
-
Crowne Plaza Melbourne-Oceanfront, an IHG Hotel Hotel & Motel
-
Sand N Sea Beach Rentals (Bike/Boat/Book/etc) Store
-
Longboards Oceanfront Grille Restaurant
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
2605 N Highway Al A Land Owner LLC · 3 yrs held
2605 N Highway Al A Land Owner LLC
since 2022
4 recorded transactions
Zoning & alternative use
TU-1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,320,000
6.5%
$17,835,000
7%
$16,560,000
Blend value · Realmo final
$12.81M
Range $11.52M – $14.09M · ±10%
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
$128 / 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
$24,668
Tax year 2023
Assessed value
$1,385,630
Assessed 2023
Previous assessed
$1,478,980
-6.3% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,385,630
Land market value
$1,385,630
Total market value
$1,385,630
Applied tax rate
53.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
7
Rooms
159
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
Jurisdiction
BREVARD
Zoning & alternative use
TU-1 · Melbourne, FL
Zoning TU-1 · permitted uses
TU-1 · 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.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
7
Rooms
159
Lot
2.42 ac
Current owner
From public records · entity-resolved
2605 N Highway Al A Land Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
255 ALHAMBRA CIR STE #760, CORAL GABLES, FL 33134-7412
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
2605 N Highway Al A Land Owner LLC
Melbourne Hotel LLC
Correction Deed
related
—
Oct 19, 2018
$100
2605 N Highway Ala Land Owner
Melbourne Hotel LLC
Grant Deed
—
Oct 18, 2018
$52,000,000
Dad 2605 N Highway Aia Melbourne Ow
Melbourne Hotel LLC
Special Warranty Deed
—
Sep 13, 2011
$31,444,000
Melbourne Hotel LLC
Melbourne Hospitality Assocs L
Deed Of Trust
$46,000,000 · Natixis Real Estate Capital
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.
Try Rey
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