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    Property profile & analytics

    2922 New Hvn Ave West Melbourne, FL 32904-3602

    • Strip malls
    • 3,945 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Aug 10, 2021
    $300,000
    Location Intelligence
    Property ID
    US18-2176367
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tempurpedic Outlet / Wholesaler

    Property Details for 2922 New Hvn Ave

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.18 lot acres
    Property size
    3,945 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    28-37-06-26-00000.0-0011.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $360,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $380,000
      Mixed-Use
      $325,000
      Hospitality
      $365,000
      Educational
      $375,000
      Residential Income
      $310,000
      Energy
      $415,000
      Income-Based Land
      $420,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6687
    Latitude
    28.0792
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,801
    $104,000
    $150,340
    $254,340
    -
    $104,000
    $150,340
    $254,340

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      2261 New Hvn Ave

      SHOPPING CENTER, STRIP CENTER • 2,800 SF
      2261 New Hvn Ave, West Melbourne, FL 32904-3805
      View Details
    • Value Estimation by Request
      8,552 SF

      3900 Dairy Rd

      SHOPPING CENTER, STRIP CENTER • 8,552 SF
      3900 Dairy Rd, Melbourne, FL 32904-7634
      View Details
    • Value Estimation by Request
      6,276 SF

      2700 New Hvn Ave, Unit A

      SHOPPING CENTER, STRIP CENTER • 6,276 SF
      2700 New Hvn Ave, Melbourne Village, FL 32904-3712
      View Details
    • Value Estimation by Request
      28,592 SF

      4270 Minton Rd

      SHOPPING CENTER, STRIP CENTER • 28,592 SF
      4270 Minton Rd, Melbourne, FL 32904-9578
      View Details
    • Value Estimation by Request
      10,934 SF

      705 Palm Bay NE Rd, Unit 103

      SHOPPING CENTER, STRIP CENTER • 10,934 SF
      705 Palm Bay NE Rd, West Melbourne, FL 32904-9200
      View Details
    • Value Estimation by Request
      4,091 SF

      1510 Wickham Rd

      SHOPPING CENTER, STRIP CENTER • 4,091 SF
      1510 Wickham Rd, Melbourne, FL 32904-3514
      View Details

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      Drive-Thru Restaurant Opportunity

      Second generation drive-thru restaurant in prime retail corridor.
      2650 W New Haven Ave, Melbourne, FL 32904
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    Similar Nearby for Lease

    • $35 SF/Yr
      1,000 SF

      Retail Space in Growing Area

      Located in a high-growth area with strong tenant lineup.
      6385-6395 N Wickham Rd, Melbourne, FL 32904
      View Details
    • $36 SF/Yr
      2,930 SF

      Retail Space in Growing Area

      Retail space available in a high-growth Melbourne, Florida location.
      6375 N Wickham Rd, Melbourne, FL 32904
      View Details
    • $17 SF/Yr
      3,000 SF

      Melbourne Retail & Office Space

      Prime 3,000 SF Single-Tenant Retail/Office
      3300 New Haven Ave, Melbourne, FL 32904
      View Details
    • Contact for pricing
      20,000 SF

      Palm Bay Commercial Opportunity

      Land parcels available for ground lease or purchase in Palm Bay.
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    • Contact for pricing
      350,000 SF

      Space Coast Town Center Offices

      Prime Brevard County Office Space
      US-192 & St Johns Heritage Pkwy, Melbourne, FL 32904
      View Details
    • $14 SF/Yr
      30,000 SF

      Retail Space on US 192

      Retail space with frontage on a busy retail corridor.
      2923 W New Haven Ave, Melbourne, FL 32904
      View Details
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    West Melbourne, FL 32904-3602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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