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Property profile & analytics
OFF-MARKET
Apartment buildings
3260 Hbr City Blvd 201 Melbourne, FL 32935-6203
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5990577
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Construction
CONCRETE
Total area
140,761 SF
Lot
12 ac (522,720 SF)
Zoning code
R1AAA
APN
27-37-05-00-00756.0-0000.00
UPID
US18-5990577
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
-
Discovery Village At Melbourne Nursing Home
-
Sonata Health Care Retirement Community Nursing Home
-
Daniel Obradovich Physician
-
Discovery Village Melbourne Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Britton Melbourne LLC · 5 yrs held
Britton Melbourne LLC
since 2021
Last sale
$41.2M
7 recorded transactions
Zoning & alternative use
R1AAA · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$214,174
Tax year 2023
Assessed value
$11,888,090
Assessed 2023
Previous assessed
$11,674,950
+1.8% YoY
Effective rate
1.80%
On assessed value
Assessed land
$378,340
Assessed improvement
$11,509,750
Land market value
$378,340
Improvement market value
$11,509,750
Total market value
$11,888,090
Applied tax rate
43.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
135
Total area
140,761 SF
Lot
12 ac (522,720 SF)
Zoning code
R1AAA
APN
27-37-05-00-00756.0-0000.00
UPID
US18-5990577
Jurisdiction
BREVARD
Zoning & alternative use
R1AAA · Melbourne, FL
Zoning R1AAA · permitted uses
R1AAA · 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.
Building & site characteristics
From public records
Year built
2012
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
135
Lot
12 ac
Current owner
From public records · entity-resolved
Britton Melbourne LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
Britton Melbourne LLC
—
Deed
related
$235,000,000 · Mam Collateral Agent LLC
May 19, 2021
$41,177,400
Britton Melbourne LLC
Hcp Dsl Propco Melbourne LLC
Special Warranty Deed
$36,115,386 · Column Financial INC
Apr 1, 2019
$20,000,000
Hcp Dsl Propco Melbourne LLC
Melbourne Senior Hsng I Propco
Grant Deed
—
May 31, 2016
$7,773,000
Melbourne Senior Hsng I Propco
Senior Hsng Ptrs IV Sonata LLC
Grant Deed
related
$34,655,000 · Bmo Harris Bk NA
May 2, 2014
$20,700,000
Senior Hsng Ptrs IV Sonata LLC
Health Care Reit INC
Grant Deed
$15,000,000 · Wells Fargo Bk
Oct 22, 2010
$2,080,000
Health Care Reit INC
Rivercrest III Corp
Warranty Deed
—
Oct 22, 2010
—
Sonata Health Care Tenant LLC
—
Deed Of Trust
related
$2,500,000 · Health Care R E Inv Trust INC
Aug 4, 2004
—
John Aiello
Kraemer,mike
Quit Claim Deed
related
—
Aug 4, 2004
$500,000
Rivercrest III Corp
Aiello,john
Warranty Deed
—
—
—
Sonata Health Care Tenant LLC
—
Deed Of Trust
related
$450,000 · Health Care Reit INC
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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