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    6570 Hwy 1st 1 Melbourne, FL 32940-7465
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    Property profile & analytics

    6570 Hwy 1st 1, Melbourne, FL 32940-7465

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    • Grocery and convenience stores
    • 3,800 SF
    • 0.82 lot acres
    Off-Market
    Property ID
    US18-2096351
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 6570 Hwy 1st 1

    Year built
    1982
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Zone code
    BU-1
    Property type
    Grocery and convenience stores
    APN
    26-37-18-00-00520.0-0000.00
    APU
    9223372036854775807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2006 $1,375,000 Njn Ents LLC Cmr Petro LLC Warranty Deed $708k · Sterling Bank
    Nov 7, 2005 — Record Owner Kiraj Grp INC Warranty Deed · related —
    Jun 23, 2005 $845,700 Cmr Petro LLC Kiraj Group INC Warranty Deed $846k · Business Loan Center INC
    Oct 18, 2001 $1,075,000 Kiraj Group INC Pineda Gas & Food INC Grant Deed $900k · Business Loan Center INC
    — — Njn Ents LLC — Deed Of Trust · related $639k · Space Coast Cu
    — — Florida First Cap Fin Corp — Deed Of Trust · related $639k · Space Coast Cu
    — — Njn Ents LLC — Deed Of Trust · related $512k · Florida First Capital Finance

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6691
    Latitude
    28.2189
    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
    $8,812
    $207,640
    $337,030
    $544,670
    -
    $207,640
    $337,030
    $544,670

    Comparable in this City

    • Value Estimation
      $2,185,000
      20,217 SF

      6460 Wickham Rd

      GROCERY, SUPERMARKET
      6460 Wickham Rd, Melbourne, FL 32940-2012
      View Details
    • Value Estimation
      $990,000
      5,064 SF

      7145 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      7145 Wickham Rd, Melbourne, FL 32940-7523
      View Details
    • Value Estimation
      $1,825,000
      6,136 SF

      5605 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      5605 Wickham Rd, Palm Shores, FL 32940-7347
      View Details
    • Value Estimation by Request
      3,030 SF

      7290 George T Edwards Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      7290 George T Edwards Dr, Melbourne, FL 32940-6610
      View Details
    • Value Estimation
      $555,000
      3,024 SF

      5700 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      5700 Wickham Rd, Melbourne, FL 32940-7335
      View Details
    • Value Estimation
      $745,000
      2,896 SF

      7035 Wickham Rd

      CONVENIENCE STORE (W/FUEL PUMP)
      7035 Wickham Rd, Melbourne, FL 32940-7521
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,289 SF

      Wickham Road Showroom/Warehouse

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    • Contact for pricing
      3,600 SF

      Established Taco Bell/Pizza Hut Lease

      NNN ground lease with established tenant in Melbourne, Florida.
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    • Contact for pricing

      Entitled Land in Viera, Florida

      1.28 acres of entitled land ready for development.
      1745 Berglund Ln, Melbourne, FL 32940
      View Details
    • Contact for pricing
      11,932 SF

      Manufacturing/Warehouse Facility with Clean Room

      Manufacturing and warehouse space featuring a clean room and dock.
      2775 Business Center Blvd, Melbourne, FL 32940
      View Details
    • New
      $184,990
      3,753 SF

      Established Italian Restaurant Opportunity

      Turn-key Melbourne restaurant with loyal following and strong revenue potential.
      4980 N Wickham Rd, Melbourne, FL 32940
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    • $85,000
      0.18 Acres

      Land in 55+ Community

      Land in a gated 55+ country club community.
      1790 Independence Ave, Melbourne, FL 32940
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,230 SF

      Freestanding Retail Space Near I-95

      3,230 SF retail space with high visibility and access.
      8490 N Wickham Rd, Melbourne, FL 32940
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Growing Area

      Located in a high-growth area with strong tenant lineup.
      6385-6395 N Wickham Rd, Melbourne, FL 32940
      View Details
    • Contact for pricing
      2,980 SF

      Retail/Medical Space For Lease

      2,980 SF space with convenient access and fantastic signage.
      6345 N Wickham Rd, Melbourne, FL 32940
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    • Contact for pricing
      2,930 SF

      Retail Space in Growing Area

      Retail space available in a high-growth Melbourne, Florida location.
      6375 N Wickham Rd, Melbourne, FL 32940
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    • $288 SF/Yr
      14,000 SF

      Melbourne Retail Space: 14,000 SF

      New Construction, Single Tenant, High-Growth Area
      7211 Waelti Dr, Melbourne, FL 32940
      View Details
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    Melbourne, FL 32940-7465
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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