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Property profile & analytics
OFF-MARKET
Estimated value
$6,985,000
Grocery and convenience stores
3998 Babcock St Melbourne, FL 32901-8212
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0851800
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,561 SF
Lot
0.93 ac (40,511 SF)
Zoning code
C1
APN
28-37-16-00-00024.0-0000.00
UPID
US19-0851800
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
-
7-Eleven Grocery & Convenience Store
-
PNC Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.99M
Owner & transaction history
Lori A Schaibly · 2 yrs held
Lori A Schaibly
since 2023
Last sale
$6.6M
6 recorded transactions
Zoning & alternative use
C1 · 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
$7,445,000
ML approach
$7,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.99M
Range $6.29M – $7.68M · ±10% · vs last sale $6.55M (Sep 9 2021)
Last sale anchor
$6.55M
Sep 9 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
$1,962 / 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
$29,296
Tax year 2023
Assessed value
$1,522,110
Assessed 2023
Previous assessed
$1,522,110
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$626,200
Assessed improvement
$895,910
Land market value
$626,200
Improvement market value
$895,910
Total market value
$1,522,110
Applied tax rate
34.0000
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
3,561 SF
Lot
0.93 ac (40,511 SF)
Zoning code
C1
APN
28-37-16-00-00024.0-0000.00
UPID
US19-0851800
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Melbourne, FL
Zoning C1 · permitted uses
C1 · 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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Lori A Schaibly
Individual
Mailing address
8892 W PO BOX 711TH DR, DALLAS, TX 75221-0711
Ownership since
2023
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
Sep 12, 2023
—
Lori A Schaibly
Lori A Schaibly
Intrafamily Transfer
related
—
Sep 9, 2021
$6,550,000
Rmd 323 LLC
Emg Babcock LLC
Warranty Deed
—
Nov 9, 2020
$876,288
Emg Babcock LLC
3998 Babcock Street LLC
Warranty Deed
$3,055,000 · Pinnacle Bk
Mar 29, 2010
$952,893
3998 Babcock Street LLC
Victoria Land Partners LP
Grant Deed
—
Nov 30, 2004
$815,100
Victoria Land Partners
Malk Brian C Trust
Warranty Deed
—
Nov 30, 2004
$30,000
Victoria Land Partners
Smith Trust
Warranty Deed
related
$630,000 · California Bank & Trust
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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