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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Medical Office Space
32 Suntree Pl Melbourne, FL 32940-7689
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4762557
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,708 SF
Lot
0.64 ac (27,878 SF)
Zoning code
PUD
APN
26-36-13-05-00000.0-0007.00
UPID
US18-4762557
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
-
Dr. Basil C. Theodotou, MD Physician
-
Theodotou & Matuk Medical Clinic Hospital
-
Independent Lung Associates Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$745k
Owner & transaction history
32 Suntree LLC · 2 yrs held
32 Suntree LLC
since 2023
Last sale
$820,000
3 recorded transactions
Zoning & alternative use
PUD · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+64.6%
Auto repair, garage
$1.1M
+39.6%
Retail stores
$810,000
+7.2%
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
$630,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$755,000
Current use
OFFICE BUILDING
$1,240,000
Change: +65% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,050,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$810,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$610,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $820k (Oct 31 2023)
Last sale anchor
$820k
Oct 31 2023
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
$158 / 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
$9,767
Tax year 2023
Assessed value
$689,760
Assessed 2023
Previous assessed
$629,210
+9.6% YoY
Effective rate
1.42%
On assessed value
Assessed land
$204,430
Assessed improvement
$485,330
Land market value
$204,430
Improvement market value
$485,330
Total market value
$689,760
Applied tax rate
4,200.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
4,708 SF
Lot
0.64 ac (27,878 SF)
Zoning code
PUD
APN
26-36-13-05-00000.0-0007.00
UPID
US18-4762557
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Melbourne, FL
Zoning PUD · permitted uses
PUD · 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
MEDICAL BUILDING Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$610,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
32 Suntree LLC
Entity
Mailing address
1314 OAK ST, MELBOURNE, FL 32901-3111
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
Oct 31, 2023
$820,000
32 Suntree LLC
Suntree Circle LLC
Warranty Deed
$697,000 · Regions Bank
Apr 20, 2000
—
Suntree Circle LLC
—
Grant Deed
related
$375,000 · Bank Of Brevard
Mar 26, 1998
$123,500
Fairuz Matuk
Desoto INC
Grant 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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