Property profile

509 Nasa Blvd Melbourne, FL 32901

OFF-MARKET
Automotive properties
Property ID
US18-0194958
34,533 SF 5.44 ac lot Built 1997
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,533 SF
Lot 5.44 ac (236,966 SF)
Zoning code C2
APN 27-37-34-00-00004.0-0000.00
UPID US18-0194958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop Vehicle Inspection Center
  • Car Dealership
  • Car Dealership
  • Car Dealership

Location

509 Nasa Blvd Melbourne, FL 32901-1943
Melbourne metro Census 64800 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.86M
Blend (final) Blend
$6.23M

Owner & transaction history

since 2006
6 recorded transactions
2018
Price N/A
2016
Price N/A
2011
Price N/A
2006
$8.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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