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    Property profile & analytics

    311 Ocean Ave, Unit 5 Melbourne Beach, FL 32951-2574

    • Commercial land
    • 2,159 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 07, 2021
    $300,000
    Location Intelligence
    Property ID
    US18-2989622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 311 Ocean Ave

    Year built
    1947
    Construction
    WOOD FRAME
    Lot size
    0.25 lot acres
    Property size
    2,159 SF
    Zone code
    6B
    Property type
    Commercial land
    APN
    28-38-08-FY-00003.0-0006.00
    APU
    283808FY000030000600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5597
    Latitude
    28.0681
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,990
    $130,500
    $0.00
    $130,500
    -
    $130,500
    $0.00
    $130,500

    Comparable in this City

    • Value Estimation by Request
      1.96 Acres

      1500 Pne St

      VACANT COMMERCIAL LAND • 1,782 SF
      1500 Pne St, Melbourne, FL 32951-2642
      View Details
    • Value Estimation by Request
      0.22 Acres

      Melbourne Beach, FL 32951

      VACANT COMMERCIAL LAND • 0.22 Acres
      Melbourne Beach, FL 32951
      View Details
    • Value Estimation by Request
      0.19 Acres

      Melbourne Beach, FL 32951

      VACANT COMMERCIAL LAND • 0.19 Acres
      Melbourne Beach, FL 32951
      View Details
    • Value Estimation by Request
      0.61 Acres

      9040 Hwy A1a

      VACANT COMMERCIAL LAND • 0.61 Acres
      9040 Hwy A1a, Melbourne Beach, FL 32951-4013
      View Details
    • Value Estimation by Request
      0.27 Acres

      Melbourne Beach, FL 32951

      VACANT COMMERCIAL LAND • 0.27 Acres
      Melbourne Beach, FL 32951
      View Details
    • Value Estimation by Request
      0.02 Acres

      Melbourne Beach, FL 32951

      VACANT COMMERCIAL LAND • 0.02 Acres
      Melbourne Beach, FL 32951
      View Details

    Similar Nearby for Sale

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      Melbourne Beach Waterfront Land

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      Cleared Lot Near Gated Beach

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      Riverfront Land in Melbourne Beach

      Direct riverfront land, over one acre, in Melbourne Beach, Florida.
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    • $2,500,000

      Ocean Avenue Office Complex

      Prime Beachfront Office Building, 16 Units
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    311 Ocean Ave, Unit 5
    Melbourne Beach, FL 32951-2574
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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