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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Banks
300 Hbr City Blvd Melbourne, FL 32901-1324
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1925815
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1997
Construction
CONCRETE
Total area
7,970 SF
Lot
1.31 ac (57,064 SF)
Zoning code
C1A
APN
27-37-27-50-0000L.0-0001.00
UPID
US18-1925815
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
-
Bank First Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Apple Tree Melbourne LLC · 3 yrs held
Apple Tree Melbourne LLC
since 2022
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
C1A · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.5M
+188.9%
Commercial (general)
$1.5M
+183.6%
Restaurant
$1.3M
+148.3%
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
$1,505,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,495,000
Change: +189% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,470,000
Change: +184% · Conversion: Difficult
RESTAURANT
$1,285,000
Change: +148% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.46M (Oct 31 2022)
Last sale anchor
$1.46M
Oct 31 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
$185 / 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
$17,892
Tax year 2023
Assessed value
$928,290
Assessed 2023
Previous assessed
$928,290
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$456,700
Assessed improvement
$471,590
Land market value
$456,700
Improvement market value
$471,590
Total market value
$928,290
Applied tax rate
53.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,970 SF
Lot
1.31 ac (57,064 SF)
Zoning code
C1A
APN
27-37-27-50-0000L.0-0001.00
UPID
US18-1925815
Jurisdiction
BREVARD
Zoning & alternative use
C1A · Melbourne, FL
Zoning C1A · permitted uses
C1A · 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
INDUSTRIAL (GENERAL)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$915,000
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1997
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Apple Tree Melbourne LLC
Entity
Mailing address
3267 TORREY PNES DR, FAIRFIELD, CA 94534-8307
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$1,455,000
Apple Tree Melbourne LLC
Seacoast National Bank
Warranty Deed
$1,706,200 · Enterprise Bank & Trust
Sep 2, 2014
$11,900
City Of Melbourne Florida
Bankfirst
Warranty Deed
—
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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