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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
330 Hibiscus Blvd Melbourne, FL 32901-3155
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-2611621
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,760 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C1
APN
27-37-34-51-00000.0-0325.00
UPID
US18-2611621
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
-
Perry Mary L Do Physician
-
Lefebvre Rachel Physician Medical Clinic
-
Hibiscus Women's Center Physician
-
Mrs. Antoinette Ferry Physician
-
Dr. Rebecca A. Wagaman, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$730k
Owner & transaction history
Hibiscus Health LLC · 9 yrs held
Hibiscus Health LLC
since 2017
6 recorded transactions
Zoning & alternative use
C1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+39.6%
Office building
$830,000
+9.2%
Retail stores
$815,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$760,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$830,000
Change: +9% · Conversion: Easy
RETAIL STORES
$815,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$615,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$153 / 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
$36,031
Tax year 2023
Assessed value
$1,934,910
Assessed 2023
Previous assessed
$1,934,910
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$668,980
Assessed improvement
$1,265,930
Land market value
$668,980
Improvement market value
$1,265,930
Total market value
$1,934,910
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
4,760 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C1
APN
27-37-34-51-00000.0-0325.00
UPID
US18-2611621
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Melbourne, FL
Zoning C1 · permitted uses
C1 · 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
$760,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$615,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Hibiscus Health LLC
Entity
Mailing address
330 E HIBISCUS BLVD, MELBOURNE, FL 32901-3155
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Jan 3, 2017
$2,200,000
Hibiscus Health LLC
Melbourne Hibicus Holdings LLC
Deed
$1,760,000 · First Business Bank
Sep 2, 2009
—
Melbourne Hibiscus Holdings Ll
Wagaman,george R & Rebecca A
Warranty Deed
$1,967,700 · Bankfirst
Aug 12, 2009
—
George R Wagaman
—
Trustees Deed
related
$461,481 · Bankfirst
Apr 30, 2009
—
George R Wagaman
—
Trustees Deed
related
$472,469 · Bankfirst
Nov 4, 1998
$1,250,000
George R Wagaman
Rudolff,sunny J
Grant Deed
$880,000 · Bank Of Brevard
—
—
George R Wagaman
—
Deed Of Trust
related
$880,000 · 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.
Try Rey
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