2760 Business Ctr Blvd Melbourne, FL 32940-7101
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$2.90M
Range $2.61M – $3.19M (±10%)
Implied cap rate
8.50%
In-place · NOI ÷ last sale
Property ID
US18-3018742
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1985
Construction
FRAME
Total area
35,740 SF
Lot
5.51 ac (240,016 SF)
Zoning code
IU
APN
26-37-30-25-00000.0-0004.00
UPID
US18-3018742
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
-
Industrial Manufacturer Production Facility
-
Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$2.90M
Owner & transaction history
since 2022
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
IU · Melbourne, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.90M
Value range
$2.61M – $3.19M
±10% around blend
Estimated value / SF
$81 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
10
$2.61M
blend $2.90M
$3.19M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,740 SF
Lot area
5.51 ac
Year built
1985
Stories
2
APN
26-37-30-25-00000.0-0004.00
Assessed value
$2,218,390
Annual tax
$44,712
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.79M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.11M
@ 6.5% CAP return
$3.79M
@ 7% CAP return
$3.52M
4
Sales comparison
Partial preview
Sales approach indication
$3.28M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.90M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 107 sales
$129
-37%
County 178 sales
$125
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $81/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
8.50%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.50%
9.0%
NOI (est.)
$196k *
Last sale · Aug 2022
$2.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.31M
Move the market yield to see immediate price impact.
Value / SF
$65
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.00%8.50%9.00%
$176k
$2.21M
$2.08M
$1.96M
$196k
$2.45M
$2.31M
$2.18M
$216k
$2.70M
$2.54M
$2.40M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$44,712
Tax year 2023
Assessed value
$2,218,390
Assessed 2023
Previous assessed
$1,755,530
+26.4% YoY
Effective rate
2.02%
On assessed value
Assessed land
$791,450
Assessed improvement
$1,426,940
Land market value
$791,450
Improvement market value
$1,426,940
Total market value
$2,218,390
Applied tax rate
4,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Total area
35,740 SF
Lot
5.51 ac (240,016 SF)
Zoning code
IU
APN
26-37-30-25-00000.0-0004.00
UPID
US18-3018742
Jurisdiction
BREVARD
Zoning & alternative use
IU · Melbourne, FLZoning IU · permitted uses
IU · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
5.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IU
Jurisdiction
Melbourne, FL
Recorded code
IU
Ownership Intelligence
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