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Property profile & analytics
FOR SALE
Retail space
405 Ocean Ave Melbourne Beach, FL 32951
Individually Owned
Absentee Owner
Free & Clear
Property ID
US18-6259043
For Sale
1 / 16
$625,000
405 Ocean Ave, Melbourne Beach, FL 32951
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,400 SF
Lot
0.11 ac (4,792 SF)
Zoning code
8B
APN
28-38-07-FY-00002.0-0009.01
UPID
US18-6259043
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
NATHAN MC CALLISTER
NATHAN MC CALLISTER
Zoning & alternative use
8B · Melbourne Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ct 7A-33 3-RS Single-Family Residential District 7A-34 4-RM Multi-Family Residential District 7A-35 5-RMO Oceanfront Multi-Family District 7A-36 6-B Downtown Business District 7A-37 7-C General Commercial District 7A-38 8-B Residential-Business Zone 7A-39 9-I Institutional District 7A-40 Churches, temples, places of worship, libraries, museums and schools in…
Zone name
Residential Business
General category
COMMERCIAL
Zone area
11.68 ac
Source
CHAPTER 7A: ZONING
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,015
Tax year 2023
Assessed value
$181,110
Assessed 2023
Previous assessed
$166,370
+8.9% YoY
Effective rate
1.66%
On assessed value
Assessed land
$69,600
Assessed improvement
$111,510
Land market value
$69,600
Improvement market value
$111,510
Total market value
$181,110
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Total area
1,400 SF
Lot
0.11 ac (4,792 SF)
Zoning code
8B
APN
28-38-07-FY-00002.0-0009.01
UPID
US18-6259043
Jurisdiction
BREVARD
Zoning & alternative use
8B · Melbourne Beach, FLZoning 8B · permitted uses
8B · Melbourne Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ct 7A-33 3-RS Single-Family Residential District 7A-34 4-RM Multi-Family Residential District 7A-35 5-RMO Oceanfront Multi-Family District 7A-36 6-B Downtown Business District 7A-37 7-C General Commercial District 7A-38 8-B Residential-Business Zone 7A-39 9-I Institutional District 7A-40 Churches, temples, places of worship, libraries, museums and schools in Residential District 7A-41 - 7A-49 Reserved Article IV. Supplementary District Reg
Zone name
Residential Business
General category
COMMERCIAL
Zone area
11.68 ac
Source
CHAPTER 7A: ZONING
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
NATHAN MC CALLISTER
Individual
Free & Clear · 0 yrs held
Mailing address
2077 ELKINS PT DR, MELBOURNE, FL 32935-7801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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