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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Strip malls
2625 Hbr City Blvd Melbourne, FL 32935-6213
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-0535661
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
FRAME
Total area
3,570 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C2
APN
27-37-08-00-00762.0-0000.00
UPID
US18-0535661
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
-
Heathers Healing Hands Alternative Medicine Practice Spa & Massage Center
-
BarSalona Lounge Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$580k
Owner & transaction history
Craig Silvers · 4 yrs held
Craig Silvers
since 2022
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+63.2%
Medical building
$570,000
+16.9%
Retail stores
$520,000
+6.7%
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
$595,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Current use
AUTO REPAIR, GARAGE
$800,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$570,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $575k (Jun 8 2022)
Last sale anchor
$575k
Jun 8 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
$162 / 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
$5,646
Tax year 2023
Assessed value
$295,630
Assessed 2023
Previous assessed
$270,540
+9.3% YoY
Effective rate
1.91%
On assessed value
Assessed land
$104,270
Assessed improvement
$191,360
Land market value
$104,270
Improvement market value
$191,360
Total market value
$295,630
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
3,570 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C2
APN
27-37-08-00-00762.0-0000.00
UPID
US18-0535661
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Melbourne, FL
Zoning C2 · permitted uses
C2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$800,000
MEDICAL BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1989
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Craig Silvers
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 1676, CAMDENTON, MO 65020-1676
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$575,000
Craig Silvers
2625 N Harbor City LLC
Special Warranty Deed
—
Oct 30, 2019
—
2625 North Harbor City LLC
—
Deed
related
$206,250 · Florida Busn Bk
Dec 6, 2016
$275,000
2625 N Harbor City LLC
Dolly Wolf
Warranty Deed
$206,250 · Florida Business Bank
Sep 21, 2001
$170,000
Lloyd Wolf
Eau Gallie Realty INC
Grant Deed
$100,000 · Juanita Hunnicutt
—
—
2625 North Harbor City LLC
—
Loan Modification
related
$206,250 · Florida Busn Bk
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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