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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Medical Office Space
395 Wickham Rd, West Melbourne, FL 32904-1135
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4439215
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.57 ac (24,829 SF)
Zoning code
RA
APN
27-36-25-00-00758.0-0000.00
UPID
US18-4439215
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
$970k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Ng Industries LLC · 3 yrs held
Ng Industries LLC
since 2022
Last sale
$975,000
6 recorded transactions
Zoning & alternative use
RA · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+93.5%
Auto repair, garage
$805,000
+39.6%
Office building
$730,000
+26.7%
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
$965,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,115,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$805,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +27% · Conversion: Easy
RETAIL STORES
$620,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $975k (Nov 16 2022)
Last sale anchor
$975k
Nov 16 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
$269 / 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
$8,740
Tax year 2023
Assessed value
$569,070
Assessed 2023
Previous assessed
$520,060
+9.4% YoY
Effective rate
1.54%
On assessed value
Assessed land
$197,880
Assessed improvement
$371,190
Land market value
$197,880
Improvement market value
$371,190
Total market value
$569,070
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,600 SF
Lot
0.57 ac (24,829 SF)
Zoning code
RA
APN
27-36-25-00-00758.0-0000.00
UPID
US18-4439215
Jurisdiction
BREVARD
Zoning & alternative use
RA · West Melbourne, FL
Zoning RA · permitted uses
RA · 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
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Ng Industries LLC
Entity
Mailing address
395 S WICKHAM RD, WEST MELBOURNE, FL 32904-1135
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$975,000
Ng Industries LLC
Gemini Health LLC
Warranty Deed
$1,657,500 · Seacoast National Bank
Jun 23, 2008
—
Gemini Health LLC
Melbourne Urgent Care INC
Warranty Deed
—
Sep 17, 2007
$290,000
Melbourne Urgent Care INC
Executive Details & INC
Warranty Deed
$232,000 · Florida Business Bank
Jul 24, 2006
$345,000
Executive Details & INC
Swarthout,robert C & Joyce M
Warranty Deed
$264,517 · Wachovia Bank NA
—
—
Dale Roach
—
Deed Of Trust
related
$250,000 · Riverside National Bank
—
—
Gemini Health LLC
—
Deed Of Trust
related
$892,500 · Regions Bank
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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