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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Specialty properties
5080 Industry Dr Melbourne, FL 32940-7112
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5810550
Property profile
Verified
Property type
Specialty properties
Use group
KENNEL
Year built
1987
Construction
STEEL FRAME
Total area
13,591 SF
Lot
2.8 ac (121,968 SF)
Zoning code
IU
APN
26-37-30-50-00000.0-0016.00
UPID
US18-5810550
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
-
DogSpot Hotel Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
National Retail Properties LP · 3 yrs held
National Retail Properties LP
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
IU · 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
Method
Estimation
Statistic approach
$1,835,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,550,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,535,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,220,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,115,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,700,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,495,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±10% · vs last sale $2.40M (Mar 1 2023)
Last sale anchor
$2.40M
Mar 1 2023
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
$159 / 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
$22,102
Tax year 2023
Assessed value
$1,593,850
Assessed 2023
Previous assessed
$1,510,580
+5.5% YoY
Effective rate
1.39%
On assessed value
Assessed land
$328,290
Assessed improvement
$1,265,560
Land market value
$328,290
Improvement market value
$1,265,560
Total market value
$1,593,850
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
Specialty properties
Use group
KENNEL
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
13,591 SF
Lot
2.8 ac (121,968 SF)
Zoning code
IU
APN
26-37-30-50-00000.0-0016.00
UPID
US18-5810550
Jurisdiction
BREVARD
Zoning & alternative use
IU · Melbourne, FL
Zoning IU · permitted uses
IU · 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
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 3 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$2,400,000
National Retail Properties LP
Dog Spot LLC
Special Warranty Deed
—
Apr 15, 2009
$941,000
Dog Spot LLC
Florida Business Bank
Grant Deed
—
Sep 9, 2008
—
Florida Business Bank
Lefevers,howard Coc
Trustees Deed
related
—
Dec 10, 2004
—
Howard Lefevers
—
Trustees Deed
related
$318,500 · Florida Business Bank
Feb 7, 2000
$400,000
Howard R Lefevers
Pet Resort Kennels INC
Grant Deed
$323,000 · Ge Capital Small Business Finl
—
—
Howard Lefevers
—
Deed Of Trust
related
$786,500 · Florida Business Bank
—
—
Howard Lefevers
—
Deed Of Trust
related
$195,043 · Florida Business Bank
—
—
Howard Lefevers
—
Deed Of Trust
related
$73,621 · Florida 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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