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Property profile & analytics
OFF-MARKET
Estimated value
$10,110,000
Truck terminals
2624 Aurora Rd 2, Melbourne, FL 32935-2879
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5905200
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
2000
Construction
STEEL FRAME
Total area
15,200 SF
Lot
5.38 ac (234,353 SF)
Zoning code
CC1
APN
27-37-18-00-00255.0-0000.00
UPID
US18-5905200
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
-
Carmo Specialty Coffee Roaster Cafe & Coffee Shop Specialty Food Shop
-
Jays Air & Heat HVAC Service General Contractor
-
Dragon Slayers MC Clubhouse Brevard County Motoring Club Non-Profit Organization
-
Bay Space - Aurora Road Business Park
-
NU2U Books (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.11M
Owner & transaction history
Wmg 2624 Aurora Road Melbourne Owne · 3 yrs held
Wmg 2624 Aurora Road Melbourne Owne
since 2022
Last sale
$10.5M
3 recorded transactions
Zoning & alternative use
CC1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.3M
+356.1%
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
$10,875,000
ML approach
$8,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,285,000
Change: +356% · Conversion: Difficult
Blend value · Realmo final
$10.11M
Range $9.10M – $11.12M · ±10% · vs last sale $10.50M (Nov 23 2022)
Last sale anchor
$10.50M
Nov 23 2022
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
$665 / 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
$95,238
Tax year 2023
Assessed value
$4,552,930
Assessed 2023
Previous assessed
$4,404,320
+3.4% YoY
Effective rate
2.09%
On assessed value
Assessed land
$374,890
Assessed improvement
$4,178,040
Land market value
$374,890
Improvement market value
$4,178,040
Total market value
$4,552,930
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
1
Units
23
Total area
15,200 SF
Lot
5.38 ac (234,353 SF)
Zoning code
CC1
APN
27-37-18-00-00255.0-0000.00
UPID
US18-5905200
Jurisdiction
BREVARD
Zoning & alternative use
CC1 · Melbourne, FL
Zoning CC1 · permitted uses
CC1 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
7
Units
23
Lot
5.38 ac
Current owner
From public records · entity-resolved
Wmg 2624 Aurora Road Melbourne Owne
Individual
Mailing address
2801 SW 31ST AVE STE 2B, COCONUT GROVE, FL 33133-3540
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$10,500,000
Wmg 2624 Aurora Road Melbourne Owne
Boozer Brothers LLC
Warranty Deed
—
May 18, 2005
—
Boozer Brothers LLC
Boozer,fred D JR
Quit Claim Deed
related
—
May 16, 2005
—
Boozer Brothers LLC
Boozer Fred D JR Trust
Quit Claim Deed
related
$2,200,000 · Union Central Life Insurance
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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