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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Grocery and convenience stores
4440 New Hvn Ave West Melbourne, FL 32904-3322
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1499717
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,997 SF
Lot
1.21 ac (52,708 SF)
Zoning code
BU-2
APN
28-36-02-00-00268.0-0000.00
UPID
US18-1499717
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
$640k
Owner & transaction history
Obsidian Ml 8 LLC · 3 yrs held
Obsidian Ml 8 LLC
since 2023
7 recorded transactions
Zoning & alternative use
BU-2 · West Melbourne, FL
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / 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
$23,544
Tax year 2023
Assessed value
$1,438,370
Assessed 2023
Previous assessed
$1,281,480
+12.2% YoY
Effective rate
1.64%
On assessed value
Assessed land
$525,240
Assessed improvement
$913,130
Land market value
$525,240
Improvement market value
$913,130
Total market value
$1,438,370
Applied tax rate
52.0000
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,997 SF
Lot
1.21 ac (52,708 SF)
Zoning code
BU-2
APN
28-36-02-00-00268.0-0000.00
UPID
US18-1499717
Jurisdiction
BREVARD
Zoning & alternative use
BU-2 · West Melbourne, FLZoning BU-2 · permitted uses
BU-2 · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning
Building & site characteristics
From public records
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Obsidian Ml 8 LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
Obsidian Ml 8 LLC
Cfi Propco 2 LLC
Special Warranty Deed
—
Apr 28, 2020
—
Cfi Propco 2 LLC
Cumberland Farms INC
Warranty Deed
related
—
Mar 18, 2015
—
Cumberland Farms INC
Mc192 LLC
Grant Deed
—
Mar 23, 2011
$350,000
Mc192 LLC
Mcguire,larry R
Warranty Deed
—
—
—
David Crook
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Larry R Mcguire
—
Deed Of Trust
related
$400,000 · Bank Brevard
—
—
Larry R Mcguire
—
Deed Of Trust
related
$70,000 · Atlantic Mortgage Services INC
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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