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Property profile & analytics
OFF-MARKET
Parking lots & garages
4489 Us Hwy 1st 1 Melbourne, FL 32935-4826
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-8007552
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1926
Total area
1,248 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RP
APN
26-37-32-25-00000.0-0061.00
UPID
US18-8007552
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
Chase Realty LLC · 12 yrs held
Chase Realty LLC
since 2014
5 recorded transactions
Zoning & alternative use
RP · 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
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
$1,503
Tax year 2023
Assessed value
$84,810
Assessed 2023
Previous assessed
$85,460
-0.8% YoY
Effective rate
1.77%
On assessed value
Assessed land
$80,500
Assessed improvement
$4,310
Land market value
$80,500
Improvement market value
$4,310
Total market value
$84,810
Applied tax rate
4,200.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1926
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,248 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RP
APN
26-37-32-25-00000.0-0061.00
UPID
US18-8007552
Jurisdiction
BREVARD
Zoning & alternative use
RP · Melbourne, FL
Zoning RP · permitted uses
RP · 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
1926
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Chase Realty LLC
Entity
Free & Clear · 12 yrs held
Mailing address
4479 N US HWY 1ST 1, MELBOURNE, FL 32935-4813
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2014
$140,000
Chase Realty LLC
Td Bank National Association
Special Warranty Deed
—
Oct 29, 2012
—
Td Bk NA
Henderson,hardee S III Coc
Trustees Deed
related
—
Jan 11, 2007
$300,000
Hardee S Henderson III
Vaden,michael K
Warranty Deed
$150,000 · Riverside National Bank
Feb 1, 2005
$120,000
Michael K Vaden
Shaw,john H & Kathleen S
Warranty Deed
$144,000 · Riverside National Bank
—
—
John H Shaw
—
Deed Of Trust
related
$35,000 · Household Finance Corp III
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.
Try Rey
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