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Property profile & analytics
OFF-MARKET
Estimated value
$4,725,000
Apartment buildings
3311 Babcock St 201-03 Melbourne, FL 32901-8201
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-6107338
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Construction
WOOD
Total area
50,050 SF
Lot
2.87 ac (125,017 SF)
Zoning code
CP
APN
28-37-10-00-00506.0-0000.00
UPID
US18-6107338
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
-
Mary Star of the Sea Newman Hall Student Dormitory
-
えっと es bueno Theater & Performing Art Venue Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.73M
Owner & transaction history
Nsh Melbourne LLC · 14 yrs held
Nsh Melbourne LLC
since 2012
5 recorded transactions
Zoning & alternative use
CP · 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
$94 / 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
$76,938
Tax year 2023
Assessed value
$4,683,130
Assessed 2023
Previous assessed
$5,150,530
-9.1% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,004,500
Assessed improvement
$3,678,630
Land market value
$1,004,500
Improvement market value
$3,678,630
Total market value
$4,683,130
Applied tax rate
34.0000
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
2013
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
43
Total area
50,050 SF
Lot
2.87 ac (125,017 SF)
Zoning code
CP
APN
28-37-10-00-00506.0-0000.00
UPID
US18-6107338
Jurisdiction
BREVARD
Zoning & alternative use
CP · Melbourne, FL
Zoning CP · permitted uses
CP · 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
2013
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
43
Lot
2.87 ac
Current owner
From public records · entity-resolved
Nsh Melbourne LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1700 PACIFIC AVE STE #2420, DALLAS, TX 75201-4679
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
Nsh Melbourne LLC
—
Deed
related
$5,000,000 · Columbian Mutual Life Insurance Company
Apr 6, 2012
$731,400
Nsh Melbourne LLC
Society Of The Divine Savior
Warranty Deed
—
Feb 23, 2011
$900,000
Society Of The Divine Savior
Pagliarulo Joan S Trust
Warranty Deed
—
Apr 28, 1997
$186,000
Craig Donhoff Trustee
Main & Main INC
Grant Deed
—
—
—
Nsh Melbourne LLC
—
Loan Modification
related
$5,250,000 · Rait Fndg LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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