Property profile

5060 Hwy 1st 1 Palm Shores, FL 32940

OFF-MARKET
Turn key restaurants
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Property ID
US18-3364201
2,188 SF 0.51 ac Built 1953
Last sale Aug 2005·$850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$392k
Assessed land$97k
Assessed improvement$296k
Effective rate1.64%

Value estimate

· Nov 2026
$650k
$585k – $715k
AI approach$650k
Submarket $/SF estimate$549k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$382/SF
Submarket average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$181 – $597
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CC2
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.4
Restaurant14.3
Pharmacy13.2

Location

5060 Hwy 1st 1 Palm Shores, FL 32940-7201
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6260 Hwy 1st, Melbourne, FL 32940-7437 $445,000 Feb 2025 1,818 SF
5250 Hwy 1st, Palm Shores, FL 32940-7216 $300,000 Oct 2023 2,771 SF
5600 Hwy 1st, Melbourne, FL 32940-7224 $900,000 May 2023 3,215 SF
7035 Wickham, Melbourne, FL 32940-7521 $740,000 Dec 2022 2,896 SF
6435 Wickham, Melbourne, FL 32940-2020 $950,000 Sep 2021 3,360 SF
8275 Wickham, Melbourne, FL 32940-7924 $3,800,000 Aug 2021 3,794 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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