Technical
Financial
Distress signals
Property profile

6431 Lk Andrew Dr 101 Melbourne, FL 32940

OFF-MARKET
Strip malls
Property ID
US18-4927601
10,730 SF 2.09 ac lot Built 2019
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2019
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,730 SF
Lot 2.09 ac (91,040 SF)
APN 26-36-04-78-0000A.0-0002.00
UPID US18-4927601

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
  • Dental Office
  • Gym & Fitness Center
  • Alternative Medicine Practice
  • Dental Office
  • Dental Office

Location

6431 Lk Andrew Dr, Unit 101 Melbourne, FL 32940-7250
Melbourne metro Census 71201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.80M

Owner & transaction history

since 2021
Last sale
$5.1M
1 recorded transaction
2021
$5.1M

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $5.9M +298.1%
Restaurant $4.1M +179.1%
Commercial (general) $3.3M +126.2%

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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