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Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
Office buildings
375 Wickham Rd, West Melbourne, FL 32904-1135
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5460380
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,965 SF
Lot
1.67 ac (72,745 SF)
Zoning code
C2
APN
27-36-25-00-00754.0-0000.00
UPID
US18-5460380
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
$3.79M
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$3.85M
Owner & transaction history
Department Of Transportation · 18 yrs held
Department Of Transportation
since 2007
7 recorded transactions
Zoning & alternative use
C2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+52.8%
Auto repair, garage
$3.8M
+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 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%
$4,105,000
6.5%
$3,790,000
7%
$3,520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,440,000
Current use
COMMERCIAL (GENERAL)
$5,255,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,790,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$2,910,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.85M
Range $3.46M – $4.23M · ±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
$227 / 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
$44,251
Tax year 2023
Assessed value
$2,930,190
Assessed 2023
Previous assessed
$2,733,640
+7.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$457,080
Assessed improvement
$2,473,110
Land market value
$457,080
Improvement market value
$2,473,110
Total market value
$2,930,190
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
3
Total area
16,965 SF
Lot
1.67 ac (72,745 SF)
Zoning code
C2
APN
27-36-25-00-00754.0-0000.00
UPID
US18-5460380
Jurisdiction
BREVARD
Zoning & alternative use
C2 · West Melbourne, FL
Zoning C2 · permitted uses
C2 · 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
OFFICE BUILDING Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$2.9M
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
3
Lot
1.67 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Mailing address
250 S WICKHAM RD, W MELBOURNE, FL 32904-1134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
—
Apollo Pavilion LLC
—
Deed
related
$4,835,000 · Regions Bank
Apr 9, 2010
—
Apollo Pavilion LLC
—
Trustees Deed
related
$3,439,925 · Community Bank South
Jan 11, 2010
—
Apollo Pavilion LLC
—
Trustees Deed
related
$3,439,925 · Community Bank South
Sep 27, 2007
—
Department Of Transportation
Caritas Pavilion LLC
Warranty Deed
related
—
Oct 11, 2004
$471,400
Caritas Pavilion LLC
Chainani,ramesh L & Bonnie R
Warranty Deed
$353,550 · Bank Brevard
Sep 14, 2004
$347,400
Ramesh L Chainani
Bryan,floyd T & Sandra M
Warranty Deed
—
—
—
Granato INC
—
Deed Of Trust
related
$277,500 · Riverside National Bank
—
—
Apollo Pavilion LLC
—
Deed Of Trust
related
$3,439,925 · Community Bank South
—
—
Caritas Pavilion LLC
—
Deed Of Trust
related
$2,233,000 · Community Bank South
—
—
Apollo Pavilion LLC
—
Deed Of Trust
related
$3,439,925 · Community Bank South
—
—
Apollo Pavilion LLC
—
Deed Of Trust
related
$3,439,925 · Community Bank South
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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