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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Office buildings
3453 New Hvn Ave, Melbourne, FL 32904-3539
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2033201
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
8,569 SF
Lot
0.91 ac (39,640 SF)
Zoning code
BU1
APN
28-36-01-50-0000B.0-0001.00
UPID
US18-2033201
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
-
Brevard Academy for Individual Excellence High School
-
Brevard Academy For Individual Excellence High School
-
LifeStyle Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.72M
Owner & transaction history
Lifestyle Homes Builders INC · 7 yrs held
Lifestyle Homes Builders INC
since 2019
7 recorded transactions
Zoning & alternative use
BU1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+52.8%
Auto repair, garage
$1.9M
+10.2%
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%
$2,075,000
6.5%
$1,915,000
7%
$1,775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,735,000
Current use
COMMERCIAL (GENERAL)
$2,655,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,915,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,470,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$201 / 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
$17,169
Tax year 2023
Assessed value
$1,225,120
Assessed 2023
Previous assessed
$1,014,920
+20.7% YoY
Effective rate
1.40%
On assessed value
Assessed land
$357,750
Assessed improvement
$867,370
Land market value
$357,750
Improvement market value
$867,370
Total market value
$1,225,120
Applied tax rate
5,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Bathrooms
2
Total area
8,569 SF
Lot
0.91 ac (39,640 SF)
Zoning code
BU1
APN
28-36-01-50-0000B.0-0001.00
UPID
US18-2033201
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Melbourne, FL
Zoning BU1 · permitted uses
BU1 · 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
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Bathrooms
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Lifestyle Homes Builders INC
Entity
Free & Clear · 7 yrs held
Mailing address
3453 W NEW HVN AVE, MELBOURNE, FL 32904-3539
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Life Style Homes Builders INC
—
Deed
related
$3,800,000 · Centerstate Bk NA
Sep 23, 2019
—
Life Style Homes Builders INC
—
Deed
related
$3,800,000 · Centerstate Bk NA
May 30, 2019
—
Life Style Homes Builders INC
—
Deed
related
$5,000,000 · Regions Bk
Apr 29, 2019
$610,000
Lifestyle Homes Builders INC
Woodshire-brevard LLC
Warranty Deed
—
Feb 27, 2019
$199,600
Lifestyle Homes Builders INC
Woodshire-brevard LLC
Warranty Deed
—
Nov 5, 2010
$800,000
Lkj Ventures
Bonzai Dev Corp
Warranty Deed
$640,000 · Bonzai Dev Corp
—
—
Life Style Homes Builders INC
—
Loan Modification
related
$5,000,000 · Regions Bk
—
—
Life Style Homes Builders INC
—
Loan Modification
related
$3,800,000 · Centerstate Bk NA
—
—
Life Style Homes Builders INC
—
Loan Modification
related
$3,800,000 · Centerstate Bk NA
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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