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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Turn key restaurants
3001 Eau Gallie Blvd Melbourne, FL 32934-7227
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-9350752
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
WOOD
Total area
5,606 SF
Lot
1.94 ac (84,506 SF)
Zoning code
CP
APN
27-36-24-00-00015.0-0000.00
UPID
US18-9350752
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
-
321 Hauling llc Waste Management Facility Hazardous Waste Disposal
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$635k
Owner & transaction history
Applebees Florida LLC · 13 yrs held
Applebees Florida LLC
since 2012
6 recorded transactions
Zoning & alternative use
CP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are intended to apply to areas located adjacent to a main highway. The types of uses permitted and restrictions are intended to serve the needs of the motorist and provide an amenable impression of the city. Large lot sizes and other restrictions are intended to minimize frequent ingress and egress to the highway from abutting…
Zone name
Commercial Parkway
General category
COMMERCIAL
Zone area
919.07 ac
Source
Realmo
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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$113 / 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
$24,848
Tax year 2023
Assessed value
$1,293,790
Assessed 2023
Previous assessed
$1,282,800
+0.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,057,660
Assessed improvement
$236,130
Land market value
$1,057,660
Improvement market value
$236,130
Total market value
$1,293,790
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,606 SF
Lot
1.94 ac (84,506 SF)
Zoning code
CP
APN
27-36-24-00-00015.0-0000.00
UPID
US18-9350752
Jurisdiction
BREVARD
Zoning & alternative use
CP · Melbourne, FLZoning CP · permitted uses
CP · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of this district are intended to apply to areas located adjacent to a main highway. The types of uses permitted and restrictions are intended to serve the needs of the motorist and provide an amenable impression of the city. Large lot sizes and other restrictions are intended to minimize frequent ingress and egress to the highway from abutting uses, thereby allowing the thoroughfare to serve its primary function of carrying an uninterrupted flow of traffic.
Zone name
Commercial Parkway
General category
COMMERCIAL
Zone area
919.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Applebees Florida LLC
Entity
Free & Clear · 13 yrs held
Mailing address
636 BROADWAY RM #820, NEW YORK, NY 10012-0055
Ownership since
2012
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
Nov 13, 2012
$2,950,300
Applebees Florida LLC
Bvi 13 LLC
Grant Deed
—
Jun 28, 2012
—
Bvi 13 LLC
Crc II LLC
Special Warranty Deed
—
Jun 25, 2008
$1,857,100
Crc II LLC
Srd Real Property Holdings LLC
Grant Deed
$26,938,479 · Prudential Insurance Co
Jun 25, 2008
—
Crc II LLC
—
Deed Of Trust
related
$28,000,000 · Prudential Insurance Co
May 25, 2007
$1,960,000
Srd Real Property Holdings LLC
Specialty Restaurant Dev LLC
Deed Of Trust
related
$5,960,000 · Prudential Insurance Co
—
—
Neighborhood Restaurant Ptrs F
—
Deed Of Trust
related
$55,000,000 · Wells Fargo Bank
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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