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    Property profile & analytics

    3990 New Hvn Ave Melbourne, FL 32904-1996

    • Grocery and convenience stores
    • 2,499 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $710,000
    Last Sale
    Jun 15, 2021
    $650,000
    Location Intelligence
    Property ID
    US18-1832620
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • bp / Gas Station
    • Sunshine Food Mart / Gas Station / Convenience Store
    • Bitbox Bitcoin ATM / Atm

    Property Details for 3990 New Hvn Ave

    Year built
    1977
    Construction
    FRAME
    Lot size
    0.83 lot acres
    Property size
    2,499 SF
    Zone code
    BU1
    Property type
    Grocery and convenience stores
    APN
    28-36-02-03-0000B.0-0050.00
    APU
    283602030000B0005000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $740,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $575,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $685,000
      Mixed-Use
      $640,000
      Hospitality
      $540,000
      Educational
      $545,000
      Residential Income
      $570,000
      Energy
      $655,000
      Income-Based Land
      $500,000
      Food Service
      $660,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6909
    Latitude
    28.0794
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,063
    $360,000
    $163,080
    $523,080
    -
    $360,000
    $163,080
    $523,080

    Comparable in this City

    • Value Estimation
      $415,000
      756 SF

      35 Hollywood Blvd

      CONVENIENCE STORE • 756 SF
      35 Hollywood Blvd, West Melbourne, FL 32904-5156
      View Details
    • Value Estimation
      $270,000
      1,800 SF

      7601 Coral Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 1,800 SF
      7601 Coral Dr, West Melbourne, FL 32904
      View Details
    • Value Estimation by Request
      1.87 Acres

      Pad 2 St Johns Heritage Pkwy & Heritage Lk Blvd

      Restaurants • 81,457 SF
      Pad 2 St Johns Heritage Pkwy & Heritage Lk Blvd, West Melbourne, FL 32904
      View Details
    • Value Estimation
      $1,600,000
      4,135 SF

      4026 Dairy Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,135 SF
      4026 Dairy Rd, Melbourne, FL 32904-7636
      View Details
    • Value Estimation by Request
      5,265 SF

      440 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 5,265 SF
      440 Wickham Rd, West Melbourne, FL 32904-1138
      View Details
    • Value Estimation by Request
      5,304 SF

      1000 New Hvn Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 5,304 SF
      1000 New Hvn Ave, West Melbourne, FL 32904-4054
      View Details

    Similar Nearby for Sale

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      Melbourne Retail Investment Opportunity

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      Drive-Thru Restaurant Opportunity

      Second generation drive-thru restaurant in prime retail corridor.
      2650 W New Haven Ave, Melbourne, FL 32904
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    Similar Nearby for Lease

    • $15 SF/Yr
      16,826 SF

      Melbourne Retail/Flex Space Available

      Freestanding building on major thoroughfare, ideal for retail/flex space.
      3800 W New Haven Ave, Melbourne, FL 32904
      View Details
    • $36 SF/Yr
      2,930 SF

      Retail Space in Growing Area

      Retail space available in a high-growth Melbourne, Florida location.
      6375 N Wickham Rd, Melbourne, FL 32904
      View Details
    • $35 SF/Yr
      1,000 SF

      Retail Space in Growing Area

      Located in a high-growth area with strong tenant lineup.
      6385-6395 N Wickham Rd, Melbourne, FL 32904
      View Details
    • Contact for pricing
      20,000 SF

      Palm Bay Commercial Opportunity

      Land parcels available for ground lease or purchase in Palm Bay.
      St. Johns Heritage Pkwy & Emerson Dr, Palm Bay, FL 32904
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    • $14 SF/Yr
      30,000 SF

      Retail Space on US 192

      Retail space with frontage on a busy retail corridor.
      2923 W New Haven Ave, Melbourne, FL 32904
      View Details
    • Contact for pricing
      2,980 SF

      Retail/Medical Space For Lease

      2,980 SF space with convenient access and fantastic signage.
      6345 N Wickham Rd, Melbourne, FL 32904
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      4.0k
    • Avg Time on site
      6 min
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    3990 New Hvn Ave
    Melbourne, FL 32904-1996
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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