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    Property profile & analytics

    6431 Lk Andrew Dr, Unit 101 Melbourne, FL 32940-7250

    • Strip malls
    • 10,730 SF
    • 2.09 lot acres
    OFF-MARKET
    Value Estimation
    $5,685,000
    Last Sale
    Jul 01, 2021
    $5,100,000
    Location Intelligence
    Property ID
    US18-4927601
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alex Harrison Mehler / Endodontist / Dentist
    • Athletic Club of the Avenues / Gym
    • The Joint Chiropractic / Chiropractor
    • Aspen Dental - Viera, FL / Dentist
    • Jean Mary Marius / Dentist / Practitioner Service Location

    Property Details for 6431 Lk Andrew Dr

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.09 lot acres
    Property size
    10,730 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    26-36-04-78-0000A.0-0002.00
    APU
    263604780000A0000200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,010,000
      6.5%
      $4,980,000
      7%
      $5,250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,070,000
      Geo Method
      $5,105,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,010,000
      Retail
      $6,060,000
      Mixed-Use
      $5,310,000
      Hospitality
      $4,880,000
      Educational
      $5,135,000
      Residential Income
      $6,435,000
      Energy
      $5,815,000
      Income-Based Land
      $5,115,000
      Food Service
      $5,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.7289
    Latitude
    28.247
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,074
    $1,569,960
    $956,490
    $2,526,450
    -
    $1,569,960
    $956,490
    $2,526,450

    Comparable in this City

    • Value Estimation by Request
      41,967 SF

      7640 Wickham Rd Ste, Unit 109

      SHOPPING CENTER, STRIP CENTER • 41,967 SF
      7640 Wickham Rd Ste, Melbourne, FL 32940-8147
      View Details
    • Value Estimation by Request
      13,000 SF

      335 Pineda Ct Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 13,000 SF
      335 Pineda Ct Ste, Melbourne, FL 32940-7504
      View Details
    • Value Estimation by Request
      9,098 SF

      2338 Citadel Way Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 9,098 SF
      2338 Citadel Way Ste, Melbourne, FL 32940-6184
      View Details
    • Value Estimation by Request
      24,690 SF

      7954 Wickham Rd Ste, Unit 110

      SHOPPING CENTER, STRIP CENTER • 24,690 SF
      7954 Wickham Rd Ste, Melbourne, FL 32940-8121
      View Details
    • Value Estimation
      $2,935,000
      4,784 SF

      6935 Wickham Rd

      SHOPPING CENTER, STRIP CENTER • 4,784 SF
      6935 Wickham Rd, Melbourne, FL 32940-7519
      View Details
    • Value Estimation by Request
      14,433 SF

      2304 Remi Dr

      SHOPPING CENTER, STRIP CENTER • 14,433 SF
      2304 Remi Dr, Melbourne, FL 32940-6454
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      2,573 SF

      Retail Space in Viera

      Grocery and home improvement anchored lifestyle center. Flexible sizing available.
      Viera Blvd, Melbourne, FL 32940
      View Details
    • $35 SF/Yr
      49,995 SF

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      High-performing retail center in Melbourne, FL
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    • Contact for pricing
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      Grocery and home improvement anchored lifestyle center, flexible sizing available.
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    • $25 SF/Yr
      1,025 SF

      Suntree Retail Space for Sale

      Prime Retail/Office, 1,025 sq ft
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    • Contact for pricing
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      Retail Space in Melbourne, Florida

      Retail property available for lease in Melbourne, Florida.
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    • $28 SF/Yr
      5,984 SF

      Prime Retail Space, Wickham Rd

      High-traffic location, two suites available
      6455 Wickham Rd, Melbourne, FL 32940
      View Details
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    Melbourne, FL 32940-7250
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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