Technical
Financial
Distress signals
Property profile

5515 Porada Dr Melbourne, FL 32940

OFF-MARKET
Strip malls
Property ID
US18-6284992
4,445 SF 1 ac lot Built 2014
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2014
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,445 SF
Lot 1 ac (43,560 SF)
Zoning code PUD
APN 25-36-33-VE-0000A.0-0001.00
UPID US18-6284992

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
  • Bakery Discount Store
  • Nail Salon

Location

5515 Porada Dr Melbourne, FL 32940-8420
Melbourne metro Census 71201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
$910k
Comparable Approach Comparable
$876k
Blend (final) Blend
$675k

Owner & transaction history

since 2012
1 recorded transaction
2012
$610,500

Zoning & alternative use

PUD · Melbourne, FL
Zoning description

The planned development is a concept which encourages mixed uses and unconventional development designs in those cases where the developer can demonstrate improved living environments, protection of natural resources or…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage $995,000 +63.2%
Retail stores $765,000 +25.3%
Medical building $710,000 +16.9%

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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