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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
2960 Bush Dr Melbourne, FL 32935-2156
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-6093984
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,650 SF
Lot
1.21 ac (52,708 SF)
Zoning code
M2
APN
27-37-18-27-00000.0-0001.00
UPID
US18-6093984
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
-
Wickham Dental Care Dental Office
-
Wickham Dental Care - Sadesh A Kumar DMD Dental Office
-
Digital Dental Lab Dental Office
-
Dr. Sadesh Kumar, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$451k
Blend (final)
Blend
$695k
Owner & transaction history
Anthumanickam S Kumar Dmd Pa · 11 yrs held
Anthumanickam S Kumar Dmd Pa
since 2015
7 recorded transactions
Zoning & alternative use
M2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+39.6%
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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$745,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$680,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$600,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
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
$149 / 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
$16,821
Tax year 2023
Assessed value
$907,970
Assessed 2023
Previous assessed
$838,440
+8.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$473,720
Assessed improvement
$434,250
Land market value
$473,720
Improvement market value
$434,250
Total market value
$907,970
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
4,650 SF
Lot
1.21 ac (52,708 SF)
Zoning code
M2
APN
27-37-18-27-00000.0-0001.00
UPID
US18-6093984
Jurisdiction
BREVARD
Zoning & alternative use
M2 · Melbourne, FL
Zoning M2 · permitted uses
M2 · 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
MEDICAL BUILDING Current
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$600,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Anthumanickam S Kumar Dmd Pa
Individual
Mailing address
2960 BUSH DR, MELBOURNE, FL 32935-2156
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Anthumanickam S Kumar
—
Deed
related
$940,000 · Bank Of America NA
Jan 13, 2015
—
Anthumanickam S Kumar Dmd Pa
Anthumanickmam S Kumar Dmd Pa
Intrafamily Transfer
related
$610,000 · Seacoast National Bank
Mar 30, 2012
$300,000
S Kumar Anthumanickmam Dmd
Bankfirst Realty INC
Grant Deed
$240,000 · Bankfirst
Mar 16, 2012
$561,100
Bankfirst Realty INC
Osman Victor Trust
Warranty Deed
related
—
Mar 30, 2010
—
Victor Osman
—
Trustees Deed
related
$149,971 · Bankfirst
Mar 3, 2009
—
Victor Osman
—
Trustees Deed
related
$150,000 · Bankfirst
Oct 19, 2004
—
Victor Osman
—
Trustees Deed
related
$1,000,000 · Bank Brevard
—
—
S Kumar Anthumanickam Dmd
—
Loan Modification
related
$218,730 · Bankfirst
—
—
Victor Osman
—
Deed Of Trust
related
$372,952 · Bankfirst
—
—
Victor Osman
—
Deed Of Trust
related
$400,000 · Bank Brevard
—
—
S Kumar Dmd Anthumanickam
—
Deed Of Trust
related
$610,000 · Seacoast Nat'l Bk
—
—
S Kumar Anthumanickam Dmd
—
Loan Modification
related
$215,786 · Bankfirst
—
—
Osman Victor Trust
—
Deed Of Trust
related
$150,000 · Bank Brevard
—
—
Victor Osman
—
Deed Of Trust
related
$70,000 · Bank Brevard
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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