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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail properties & Spaces
3410 Flanagan Ave West Melbourne, FL 32904-9519
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-6009198
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,376 SF
Lot
136.27 ac (5,935,921 SF)
Zoning code
RU-1-13
APN
28-36-12-50-00041.0-0001.00
UPID
US18-6009198
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$585k
Owner & transaction history
101 Oak Street LLC · 6 yrs held
101 Oak Street LLC
since 2019
2 recorded transactions
Zoning & alternative use
RU-1-13 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+60.8%
Office building
$685,000
+45.9%
Retail stores
$580,000
+23.5%
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$470,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$375,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$173 / 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
Assessed value
$6,098,140
Assessed 2023
Previous assessed
$6,619,120
-7.9% YoY
Assessed land
$180,850
Assessed improvement
$5,917,290
Land market value
$180,850
Improvement market value
$5,917,290
Total market value
$6,098,140
Applied tax rate
52.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
1
Total area
3,376 SF
Lot
136.27 ac (5,935,921 SF)
Zoning code
RU-1-13
APN
28-36-12-50-00041.0-0001.00
UPID
US18-6009198
Jurisdiction
BREVARD
Zoning & alternative use
RU-1-13 · West Melbourne, FL
Zoning RU-1-13 · permitted uses
RU-1-13 · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$580,000
MEDICAL BUILDING
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$375,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
136.27 ac
Current owner
From public records · entity-resolved
101 Oak Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
345 WENNER WAY, COCOA, FL 32926-4226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
101 Oak Street LLC
Frederick D Zacharias
Quit Claim Deed
related
—
Oct 28, 2003
$2,400,000
Brevard County Board Commissio
Schild,bertram
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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