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Property profile & analytics
OFF-MARKET
Estimated value
$7,840,000
Warehouses
4450 Eau Gallie Blvd Melbourne, FL 32934-7213
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0592537
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
58,354 SF
Lot
7.51 ac (327,136 SF)
Zoning code
CP
APN
27-36-23-01-00000.0-0053.00
UPID
US19-0592537
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
-
No Limits Academy Inc Charitable Organization Social Service Agency
-
A Cut Above Video Productions Film Production Television Studio
-
DEX Imaging Inc Big Box & Wholesale Store
-
Shah Mohan M MD Physician
-
Creech Engineers Inc Land Surveyor Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.84M
Owner & transaction history
Perimeter Center INC · 6 yrs held
Perimeter Center INC
since 2019
1 recorded transaction
Zoning & alternative use
CP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.0M
+73.0%
Office building
$11.7M
+55.2%
Retail stores
$10.0M
+32.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,700,000
6.5%
$6,185,000
7%
$5,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,535,000
Current use
AUTO REPAIR, GARAGE
$13,040,000
Change: +73% · Conversion: Easy
OFFICE BUILDING
$11,695,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$10,010,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$9,335,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$7.84M
Range $7.06M – $8.62M · ±10%
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
$134 / 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
$124,291
Tax year 2023
Assessed value
$6,408,880
Assessed 2023
Previous assessed
$6,348,920
+0.9% YoY
Effective rate
1.94%
On assessed value
Assessed land
$818,270
Assessed improvement
$5,590,610
Land market value
$818,270
Improvement market value
$5,590,610
Total market value
$6,408,880
Applied tax rate
53.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
21
Total area
58,354 SF
Lot
7.51 ac (327,136 SF)
Zoning code
CP
APN
27-36-23-01-00000.0-0053.00
UPID
US19-0592537
Jurisdiction
BREVARD
Zoning & alternative use
CP · Melbourne, FL
Zoning CP · permitted uses
CP · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$13.0M
OFFICE BUILDING
Est. value
$11.7M
RETAIL STORES
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$9.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
21
Lot
7.51 ac
Current owner
From public records · entity-resolved
Perimeter Center INC
Entity
Mailing address
4320 WOODLAND PARK DR, W MELBOURNE, FL 32904-2098
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
—
Perimeter Center INC
—
Deed
related
$870,000 · First Business Bank
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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