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Property profile & analytics
OFF-MARKET
Apartment buildings
4532 Explorer Dr West Melbourne, FL 32904-6919
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5915605
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2009
Construction
WOOD
Total area
45,610 SF
Lot
23.05 ac (1,004,058 SF)
Zoning code
GU
APN
28-37-20-00-00006.0-0000.00
UPID
US18-5915605
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
4550 Explorer Ground Owner LLC · 1 yrs held
4550 Explorer Ground Owner LLC
since 2025
Last sale
$84.7M
7 recorded transactions
Zoning & alternative use
GU · West 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 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
—
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
$738,302
Tax year 2023
Assessed value
$52,437,310
Assessed 2023
Previous assessed
$52,437,310
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,572,750
Assessed improvement
$48,864,560
Land market value
$3,572,750
Improvement market value
$48,864,560
Total market value
$52,437,310
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
12
Stories
3
Units
36
Total area
45,610 SF
Lot
23.05 ac (1,004,058 SF)
Zoning code
GU
APN
28-37-20-00-00006.0-0000.00
UPID
US18-5915605
Jurisdiction
BREVARD
Zoning & alternative use
GU · West Melbourne, FL
Zoning GU · permitted uses
GU · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
12
Units
36
Lot
23.05 ac
Current owner
From public records · entity-resolved
4550 Explorer Ground Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2051 GATTIS SCHOOL RD STE #540, ROUND ROCK, TX 78664-7445
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
$18,375,000
4550 Explorer Ground Owner LLC
Haven Spe LLC
Special Warranty Deed
—
Dec 27, 2021
$84,700,000
Haven Spe LLC
Passco Haven Dst
Special Warranty Deed
$68,425,000 · Readycap Commercial LLC
May 26, 2017
$1,000,000
Passco,haven Dst Trust
Haven At Riviera LLC
Grant Deed
related
—
May 19, 2017
$53,714,400
Passco,haven Dst Trust
Haven At Riviera LLC
Grant Deed
related
—
Jul 10, 2006
$1,350,000
Haven At Riviera LLC
Mcnulty Clifford A Trust
Grant Deed
—
Jan 18, 2006
—
Mcnulty Clifford A Trust
Mcnulty,clifford A
Quit Claim Deed
related
—
Nov 20, 2000
$160,000
Clifford A Mcnulty
Hentschel,robert C
Grant Deed
—
—
—
Haven At Riviera LLC
—
Deed Of Trust
related
$24,936,000 · Regions Bank
—
—
Clifford A Mcnulty
—
Deed Of Trust
related
$50,354 · Huntington National 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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