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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Apartment buildings
2960 Bennett Ln 201 Melbourne, FL 32935-2293
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5902192
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Construction
WOOD
Total area
29,834 SF
Lot
8.53 ac (371,567 SF)
Zoning code
R2
APN
27-37-07-00-00251.0-0000.00
UPID
US18-5902192
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Wickham Commercial LLC · 16 yrs held
Wickham Commercial LLC
since 2010
6 recorded transactions
Zoning & alternative use
R2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$103 / 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
$101,965
Tax year 2023
Assessed value
$5,521,320
Assessed 2023
Previous assessed
$5,958,990
-7.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$597,100
Assessed improvement
$4,924,220
Land market value
$597,100
Improvement market value
$4,924,220
Total market value
$5,521,320
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
3
Units
24
Total area
29,834 SF
Lot
8.53 ac (371,567 SF)
Zoning code
R2
APN
27-37-07-00-00251.0-0000.00
UPID
US18-5902192
Jurisdiction
BREVARD
Zoning & alternative use
R2 · Melbourne, FL
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
2011
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
6
Units
24
Lot
8.53 ac
Current owner
From public records · entity-resolved
Wickham Commercial LLC
Entity
Mailing address
477 S ROSEMARY AVE, WEST PALM BEACH, FL 33401-5795
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jun 29, 2010
$961,000
Wickham Commercial LLC
Wickham Park LLC
Warranty Deed
related
$6,600,000 · J P Morgan Chase Bank
May 5, 2005
$2,150,000
Wickham Park LLC
Melbourne Plaza
Warranty Deed
$1,768,000 · Citibank Fsb
—
—
Wickham Park LLC
—
Deed Of Trust
related
$645,673 · Trgdht INC
—
—
Wickham Park LLC
—
Deed Of Trust
related
$1,200,519 · Richman Mortgage Assets Co
—
—
Wickham Park LLC
—
Deed Of Trust
related
$4,644 · Housing Finance Corp Florida
—
—
Wickham Park LLC
—
Deed Of Trust
related
$1,091,381 · Richman Mortgage Assets 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.
Try Rey
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