Property profile

6691 Lk Andrew Dr Melbourne, FL 32940

OFF-MARKET
Turn key restaurants
Property ID
US18-4479688
5,725 SF 1.8 ac lot Built 2005
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction WOOD
Total area 5,725 SF
Lot 1.8 ac (78,408 SF)
Zoning code PUD
APN 26-36-09-TT-0000A.0-0003.00
UPID US18-4479688

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
  • Restaurant

Location

6691 Lk Andrew Dr Melbourne, FL 32940-6695
Melbourne metro Census 71201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2006
4 recorded transactions
2006
Price N/A
2006
$87.6M
2004
Price N/A
2004
Price N/A

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

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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