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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Medical Office Space
650 Classic Ct, Melbourne, FL 32940-8278
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1849416
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,888 SF
Lot
0.94 ac (40,946 SF)
Zoning code
BU-1-A
APN
26-36-11-31-00000.0-0001.00
UPID
US18-1849416
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wilson Nina Dental Office
-
Freeland Dennis C DMD Dental Office
-
Periu Family Dentistry Dental Office
-
Dr. Lie-Ying Periu, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$945k
Owner & transaction history
Dalk Holdings LLC · 4 yrs held
Dalk Holdings LLC
since 2021
Last sale
$887,000
4 recorded transactions
Zoning & alternative use
BU-1-A · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+93.5%
Office building
$760,000
+64.6%
Auto repair, garage
$645,000
+39.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,010,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$895,000
Change: +94% · Conversion: Easy
OFFICE BUILDING
$760,000
Change: +65% · Conversion: Easy
AUTO REPAIR, GARAGE
$645,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $887k (Dec 27 2021)
Last sale anchor
$887k
Dec 27 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$327 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,845
Tax year 2023
Assessed value
$729,430
Assessed 2023
Previous assessed
$729,430
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$262,030
Assessed improvement
$467,400
Land market value
$262,030
Improvement market value
$467,400
Total market value
$729,430
Applied tax rate
4,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,888 SF
Lot
0.94 ac (40,946 SF)
Zoning code
BU-1-A
APN
26-36-11-31-00000.0-0001.00
UPID
US18-1849416
Jurisdiction
BREVARD
Zoning & alternative use
BU-1-A · Melbourne, FL
Zoning BU-1-A · permitted uses
BU-1-A · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$895,000
OFFICE BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$645,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Dalk Holdings LLC
Entity
Mailing address
650 CLASSIC CT, MELBOURNE, FL 32940-8278
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$887,000
Dalk Holdings LLC
Dennis C Freeland
Deed
$709,600 · Provide INC
May 21, 2003
—
Freeland,tr
—
Trustees Deed
related
$97,000 · Suntrust Bank NA
Nov 8, 2002
$174,600
Freeland,tr
Freeland,dennis C & Sheri L
Grant Deed
related
—
—
—
Freeland,tr
—
Deed Of Trust
related
$374,000 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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