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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Strip malls
300 Ocean Ave Melbourne Beach, FL 32951-2517
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0498882
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,668 SF
Lot
0.91 ac (39,640 SF)
Zoning code
6B
APN
28-38-08-00-00250.0-0000.00
UPID
US18-0498882
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
$1.34M
Blend (final)
Blend
$1.15M
Owner & transaction history
Liquor Mart Properties L C · 3 yrs held
Liquor Mart Properties L C
since 2023
3 recorded transactions
Zoning & alternative use
6B · Melbourne Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
gle-Family Residential District 7A-32 2-RS Single-Family Residential District 7A-33 3-RS Single-Family Residential District 7A-34 4-RM Multi-Family Residential District 7A-35 5-RMO Oceanfront Multi-Family District 7A-36 6-B Downtown Business District 7A-37 7-C General Commercial District 7A-38 8-B Residential-Business Zone 7A-39 9-I Institutional District 7A…
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
13.02 ac
Source
CHAPTER 7A: ZONING
Top alternative use upside
Retail stores
$1.8M
+25.3%
Medical building
$1.7M
+16.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne Beach 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,460,000
Current use
RETAIL STORES
$1,830,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,705,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$107 / 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
$15,764
Tax year 2023
Assessed value
$907,890
Assessed 2023
Previous assessed
$850,510
+6.7% YoY
Effective rate
1.74%
On assessed value
Assessed land
$435,410
Assessed improvement
$472,480
Land market value
$435,410
Improvement market value
$472,480
Total market value
$907,890
Applied tax rate
34.0000
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
7
Total area
10,668 SF
Lot
0.91 ac (39,640 SF)
Zoning code
6B
APN
28-38-08-00-00250.0-0000.00
UPID
US18-0498882
Jurisdiction
BREVARD
Zoning & alternative use
6B · Melbourne Beach, FLZoning 6B · permitted uses
6B · Melbourne Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
gle-Family Residential District 7A-32 2-RS Single-Family Residential District 7A-33 3-RS Single-Family Residential District 7A-34 4-RM Multi-Family Residential District 7A-35 5-RMO Oceanfront Multi-Family District 7A-36 6-B Downtown Business District 7A-37 7-C General Commercial District 7A-38 8-B Residential-Business Zone 7A-39 9-I Institutional District 7A-40 Churches, temples, places of worship, libraries, museums and schools in Residen
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
13.02 ac
Source
CHAPTER 7A: ZONING
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL 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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
7
Lot
0.91 ac
Current owner
From public records · entity-resolved
Liquor Mart Properties L C
Entity
Free & Clear · 3 yrs held
Mailing address
300 OCEAN AVE, MELBOURNE, FL 32951-2517
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
Liquor Mart Properties L C
Elizabeth Sewell Telemachos
Quit Claim Deed
related
—
Feb 28, 2007
—
Elizabeth S Telemachos
—
Trustees Deed
related
$70,000 · Bank Brevard
—
—
Elizabeth S Telemachos
—
Deed Of Trust
related
$471,275 · Bankfirst
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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