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Property profile & analytics
OFF-MARKET
Estimated value
$8,950,000
Automotive properties
6927 Bromley Dr Melbourne, FL 32940-6191
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5427729
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2009
Construction
CONCRETE
Total area
48,531 SF
Lot
9 ac (392,040 SF)
Zoning code
PUD
APN
26-36-09-VI-0000A.0-0001.00
UPID
US18-5427729
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
-
Lexus of Melbourne Service & Parts Auto Repair Shop
-
Lexus of Melbourne Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.08M
Blend (final)
Blend
$8.95M
Owner & transaction history
Tt & Melbourne INC · 7 yrs held
Tt & Melbourne INC
since 2019
5 recorded transactions
Zoning & alternative use
PUD · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 increased effectiveness of service delivery and the reduction of external trips. The purpose of a planned development is to encourage the de…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
714.24 ac
Source
Realmo
Top alternative use upside
Office building
$12.8M
+17.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,845,000
Current use
OFFICE BUILDING
$12,780,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$8.95M
Range $8.06M – $9.85M · ±10%
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
$184 / 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
$172,749
Tax year 2023
Assessed value
$12,203,760
Assessed 2023
Previous assessed
$11,717,850
+4.1% YoY
Effective rate
1.42%
On assessed value
Assessed land
$4,412,570
Assessed improvement
$7,791,190
Land market value
$4,412,570
Improvement market value
$7,791,190
Total market value
$12,203,760
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
48,531 SF
Lot
9 ac (392,040 SF)
Zoning code
PUD
APN
26-36-09-VI-0000A.0-0001.00
UPID
US18-5427729
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Melbourne, FLZoning PUD · permitted uses
PUD · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 increased effectiveness of service delivery and the reduction of external trips. The purpose of a planned development is to encourage the development of large tracts of land as planned residential neighborhoods and communities that provide a more varied and interesting urban pattern and a full range of residence types as well as commercial uses designed to serve the inhabitants of the planned development.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
714.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$10.8M
OFFICE BUILDING
Est. value
$12.8M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
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
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
9 ac
Current owner
From public records · entity-resolved
Tt & Melbourne INC
Entity
Free & Clear · 7 yrs held
Mailing address
505 S FLAGLER DR STE #1400, WEST PALM BEACH, FL 33401-5952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Tt Of Melbourne INC
—
Deed
related
$11,700,000 · Toyota Motor Credit Corp
Oct 21, 2019
—
Tt & Ac Melbourne INC
—
Deed
related
$6,300,000 · Toyota Motor Credit
Jun 13, 2019
—
Tt & Melbourne INC
Viera Co
Correction Deed
related
—
Feb 10, 2009
—
Tt Of Melbourne INC
—
Trustees Deed
related
$11,700,000 · Toyota Motor Credit Corp
—
—
Tt & Ac Melbourne INC
—
Deed Of Trust
related
$6,300,000 · Toyota Motor Credit
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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