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    Property profile & analytics

    438 Hbr City Blvd Melbourne, FL 32935-6836

    • Warehouses
    • 18,493 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Location Intelligence
    Property ID
    US18-3380843
    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

    • Moving Supplies at U-Haul / Packaging Supply Store / Moving Supply Store
    • Self-Storage at U-Haul / Boat Storage Facility / Moving And Storage Service
    • U-Haul Trailer Hitches / Trailer Supply Store / Truck Accessories Store
    • Trailer Rental at U-Haul / Moving And Storage Service / Moving Supply Store
    • U-Box at U-Haul / Self-Storage Facility / Equipment Rental Agency

    Property Details for 438 Hbr City Blvd

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.44 lot acres
    Property size
    18,493 SF
    Zone code
    CC2
    Property type
    Warehouses
    APN
    27-37-21-EL-00000.0-0003.00
    APU
    273721EL000000000300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $455,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $505,000
      Mixed-Use
      $410,000
      Hospitality
      $475,000
      Educational
      $485,000
      Residential Income
      $470,000
      Energy
      $480,000
      Income-Based Land
      $490,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6221
    Latitude
    28.1152
    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
    $18,620
    $469,800
    $484,830
    $954,630
    -
    $469,800
    $484,830
    $954,630

    Comparable in this City

    • Value Estimation by Request
      133,133 SF

      100 Babcock St

      STORAGE YARD, OPEN STORAGE • 133,133 SF
      100 Babcock St, Melbourne, FL 32935-6715
      View Details
    • Value Estimation by Request
      12,000 SF

      505 Apollo Blvd, Unit 10

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      505 Apollo Blvd, Melbourne, FL 32935-5049
      View Details
    • Value Estimation by Request
      11,112 SF

      1029 Aurora Rd

      Distribution properties • 11,112 SF
      1029 Aurora Rd, Melbourne, FL 32935
      View Details
    • Value Estimation
      $620,000
      3,791 SF

      1420 Cypress Ave

      STORAGE YARD, OPEN STORAGE • 3,791 SF
      1420 Cypress Ave, Melbourne, FL 32935-5977
      View Details
    • Value Estimation
      $620,000
      21,056 SF

      1500 Maple Ave

      STORAGE YARD, OPEN STORAGE • 21,056 SF
      1500 Maple Ave, Melbourne, FL 32935-5962
      View Details
    • Value Estimation
      $360,000
      7,400 SF

      2003 Hughes Rd

      STORAGE YARD, OPEN STORAGE • 7,400 SF
      2003 Hughes Rd, Melbourne, FL 32935-2126
      View Details

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    Similar Nearby for Lease

    • $17 SF/Yr
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      Spacious warehouse, ideal for distribution.
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      View Details
    • $10 SF/Yr
      11,112 SF

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      Open warehouse space with two grade-level doors in Melbourne, FL.
      1029 Aurora Rd, Melbourne, FL 32935
      View Details
    • $8 SF/Yr
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      Melbourne Warehouse Space Available

      Prime Industrial Space - 2,250+ sq ft
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    • $14 SF/Yr
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      Melbourne Warehouse Space for Lease

      Class A industrial space, prime location.
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    • $15 SF/Yr
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      Versatile Industrial Space For Lease

      Up to 15,000 SF available, ideal for industrial, baking.
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    • $102,000
      100,188 SF

      Melbourne Industrial Flex Space

      Prime 2.3-acre fenced industrial lot.
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      View Details
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    438 Hbr City Blvd
    Melbourne, FL 32935-6836
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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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