Property profile

5120 Hwy 1st Ste 102 Palm Shores, FL 32940

OFF-MARKET
Office buildings
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Property ID
US18-3135730
5,720 SF 4.64 ac Built 2014
Last sale Sep 2013·$450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial site in Melbourne, Florida comprising 4.64 acres with direct frontage on US 1 and approximately 300 feet of frontage on the Indian River. The site is designed to be subdivided into three parcels. Included is a 5,400-square-foot concrete block building with a tile roof; the building is occupied under long-term leasing arrangements. The remaining two parcels provide space for additional development while generating income from the existing structure. A Phase 1…

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?
$14k
Tax billed · 2023
Assessed value$1.08M
Assessed land$566k
Assessed improvement$514k
Effective rate1.33%

Value estimate

· Nov 2026
$1.20M
$1.08M – $1.32M
CAP approach$1.28M
Submarket $/SF estimate$1.16M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$263/SF
ZIP average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$190 – $369

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?
C2
The provisions of the C-2 District are intended to apply to an area intended to be developed and preserved as a major commercial center s...
General categoryCOMMERCIAL
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

5120 Hwy 1st Ste, Unit 102 Palm Shores, FL 32940-7217
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5005 Wickham Rd, Melbourne, FL 32940-7190 $2,030,000 Jan 2024 6,210 SF
4999 Wickham, Melbourne, FL 32940-7121 $3,750,000 Dec 2023 5,670 SF
7007 Wickham Rd, Melbourne, FL 32940-7554 $1,000,000 Aug 2023 6,013 SF
6340 Wickham, Melbourne, FL 32940-2046 $2,450,000 Jul 2020 5,400 SF
7215 Waelti, Melbourne, FL 32940-7513 $875,000 Mar 2020 6,635 SF
8265 Wickham, Melbourne, FL 32940-6460 $1,275,000 Jun 2019 6,080 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
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Includes: Price & PSF · Cap rate · Location · Zoning

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