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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Strip malls
2994 New Hvn Ave West Melbourne, FL 32904-3565
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6076419
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
72,279 SF
Lot
4.87 ac (212,137 SF)
Zoning code
C1
APN
28-36-01-01-00000.0-000A.00
UPID
US18-6076419
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
$6.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$5.92M
Owner & transaction history
Metro West Plaza LLC · 4 yrs held
Metro West Plaza LLC
since 2022
Last sale
$6.0M
4 recorded transactions
Zoning & alternative use
C1 · West Melbourne, FL
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$5,880,000
ML approach
$6,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±10% · vs last sale $5.95M (Feb 21 2022)
Last sale anchor
$5.95M
Feb 21 2022
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
$82 / 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
$88,707
Tax year 2023
Assessed value
$4,544,290
Assessed 2023
Previous assessed
$4,498,370
+1.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$1,643,800
Assessed improvement
$2,900,490
Land market value
$1,643,800
Improvement market value
$2,900,490
Total market value
$4,544,290
Applied tax rate
52.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
25
Total area
72,279 SF
Lot
4.87 ac (212,137 SF)
Zoning code
C1
APN
28-36-01-01-00000.0-000A.00
UPID
US18-6076419
Jurisdiction
BREVARD
Zoning & alternative use
C1 · West Melbourne, FLZoning C1 · permitted uses
C1 · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
25
Lot
4.87 ac
Current owner
From public records · entity-resolved
Metro West Plaza LLC
Entity
Mailing address
13506 SUMMERPORT VLG PKWY, WINDERMERE, FL 34786-7366
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2022
$5,950,000
Metro West Plaza LLC
New Haven & Wickham LLC
Warranty Deed
$3,650,000 · South State Bank NA
Apr 21, 2016
$3,750,000
New Haven & Wickham LLC
Metro West Lc
Grant Deed
$2,000,000 · Metro West Lc
Sep 17, 2008
$8,510
Brevard County Florida
Metro West Lc
Warranty Deed
—
—
—
Metro West Lc
—
Deed Of Trust
related
$2,800,000 · Fortis Benefits Insurance 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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