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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Office buildings
2627 Eau Gallie Blvd Ste 101 Melbourne, FL 32935-8303
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2911145
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,716 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C1A
APN
27-37-19-30-00000.0-0002.02
UPID
US18-2911145
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$2.36M
Owner & transaction history
Robert Charles Hunter · 1 yrs held
Robert Charles Hunter
since 2025
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
C1A · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+11.6%
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
$1,910,000
ML approach
$1,915,000
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,250,000
Current use
COMMERCIAL (GENERAL)
$3,630,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,620,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $2.49M (Mar 10 2025)
Last sale anchor
$2.49M
Mar 10 2025
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
$201 / 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
$22,937
Tax year 2023
Assessed value
$1,291,830
Assessed 2023
Previous assessed
$1,259,310
+2.6% YoY
Effective rate
1.78%
On assessed value
Assessed land
$459,990
Assessed improvement
$831,840
Land market value
$459,990
Improvement market value
$831,840
Total market value
$1,291,830
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
11,716 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C1A
APN
27-37-19-30-00000.0-0002.02
UPID
US18-2911145
Jurisdiction
BREVARD
Zoning & alternative use
C1A · Melbourne, FL
Zoning C1A · permitted uses
C1A · 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
OFFICE BUILDING Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
Robert Charles Hunter
Individual
Mailing address
6347 NW 72ND WAY, PARKLAND, FL 33067-1274
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Robert Charles Hunter
Mary Turner
Deed
related
—
Jun 10, 2025
$2,492,300
Vvs LLC
Drg Eau Gallie Property LLC
Special Warranty Deed
—
Dec 29, 2023
$1,900,000
Drg Eau Gallie Property LLC
Halifax Partners LLC
Warranty Deed
$1,235,000 · Arizona Central Cu
Mar 5, 2018
—
Halofax Partners LLC
—
Deed
related
$1,455,259 · Jpmorgan Chase Bank NA
Nov 7, 2005
$633,200
Halifax Partners LLC
Pineapple Ridge LLC
Warranty Deed
$530,500 · Wachovia Bank NA
—
—
Halifax Partners LLC
—
Deed Of Trust
related
$1,870,000 · Branch Banking & Trust Co
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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