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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Grocery and convenience stores
3990 New Hvn Ave Melbourne, FL 32904-1996
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1832620
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1977
Construction
FRAME
Total area
2,499 SF
Lot
0.83 ac (36,155 SF)
Zoning code
BU1
APN
28-36-02-03-0000B.0-0050.00
UPID
US18-1832620
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
-
bp Gas Station
-
Sunshine Food Mart Grocery & Convenience Store
-
Bitbox Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$710k
Owner & transaction history
Crows Nest LLC · 5 yrs held
Crows Nest LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
BU1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$740,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $650k (Jun 15 2021)
Last sale anchor
$650k
Jun 15 2021
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
$284 / 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
$8,063
Tax year 2023
Assessed value
$523,080
Assessed 2023
Previous assessed
$529,020
-1.1% YoY
Effective rate
1.54%
On assessed value
Assessed land
$360,000
Assessed improvement
$163,080
Land market value
$360,000
Improvement market value
$163,080
Total market value
$523,080
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,499 SF
Lot
0.83 ac (36,155 SF)
Zoning code
BU1
APN
28-36-02-03-0000B.0-0050.00
UPID
US18-1832620
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.
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Crows Nest LLC
Entity
Mailing address
402 HIGH PT DRA, COCOA, FL 32926-6600
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
$650,000
Crows Nest LLC
Smita INC Of Brevard
Warranty Deed
—
Jul 21, 2016
—
Smita INC Of Brevard
—
Deed
related
$450,000 · Shah Rashmi M Trust (pt)
—
—
Robo Enterprises INC
—
Deed Of Trust
related
$150,000 · Individual
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$235,426 · Florida Business Bank
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$200,000 · Florida Business Bank
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$450,000 · Shah Rashmi M Trust (pt)
—
—
Spacecoast Petro Distributors
—
Deed Of Trust
related
$867,165 · Huntington National Bank
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$450,000 · Sunrise Bank
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$475,000 · Mv 51 Investments LLC
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$248,878 · Florida Business Bank
—
—
Robo Enterprises INC
—
Deed Of Trust
related
$35,000 · Individual
—
—
Smita INC Of Brevard
—
Deed Of Trust
related
$50,000 · Southeast Petro Distributors I
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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