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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Banks
3303 Suntree Blvd Melbourne, FL 32940-7516
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2904799
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
WOOD
Total area
5,358 SF
Lot
1.21 ac (52,708 SF)
Zoning code
PUD
APN
26-36-13-05-00000.0-0001.00
UPID
US18-2904799
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
-
Marine Bank Bank Loan Service
-
SunTrust Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Marine Bank And Trust Company · 4 yrs held
Marine Bank And Trust Company
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
PUD · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The planned development is a concept which encourages mixed uses and unconventional development designs in those cases where the developer can demonstrate improved living environments, protection of natural resources or increased effectiveness of service delivery and the reduction of external trips. The purpose of a planned development is to encourage the de…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
714.24 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
$2,280,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $2.20M (May 18 2022)
Last sale anchor
$2.20M
May 18 2022
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
$416 / 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
$13,506
Tax year 2023
Assessed value
$936,190
Assessed 2023
Previous assessed
$925,560
+1.1% YoY
Effective rate
1.44%
On assessed value
Assessed land
$778,290
Assessed improvement
$157,900
Land market value
$778,290
Improvement market value
$157,900
Total market value
$936,190
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
5,358 SF
Lot
1.21 ac (52,708 SF)
Zoning code
PUD
APN
26-36-13-05-00000.0-0001.00
UPID
US18-2904799
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Melbourne, FLZoning PUD · permitted uses
PUD · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The planned development is a concept which encourages mixed uses and unconventional development designs in those cases where the developer can demonstrate improved living environments, protection of natural resources or increased effectiveness of service delivery and the reduction of external trips. The purpose of a planned development is to encourage the development of large tracts of land as planned residential neighborhoods and communities that provide a more varied and interesting urban pattern and a full range of residence types as well as commercial uses designed to serve the inhabitants of the planned development.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
714.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Marine Bank And Trust Company
Trust
Mailing address
571 BEACHLAND BLVD, VERO BEACH, FL 32963-1742
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$2,200,000
Marine Bank And Trust Company
Nnn Sun LLC
Special Warranty Deed
—
Oct 3, 2016
—
Nnn Sun LLC
—
Deed
related
$23,000,000 · Iberiabank
Jun 24, 2013
$1,590,700
Nnn Sun LLC
Inland American St Florida Por
Grant Deed
related
—
Apr 30, 2013
—
Inland American St Florida Por
—
Loan Modification
related
$33,062,000 · Mb Financial Bank NA
Apr 23, 2008
—
Inland American Stflorida Port
—
Deed Of Trust
related
$33,062,000 · Mb Financial Bank NA
Feb 4, 2008
—
Stflorida Portfolio III LLC
Suntrust Bank
Grant Deed
—
Jun 29, 1998
$547,800
Huntington National Bank
Barnett Bank
Grant Deed
related
—
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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