Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 Strawbridge Ave Melbourne, FL 32901-4757
    Property profile & analytics

    700 Strawbridge Ave, Melbourne, FL 32901-4757

    View on Map
    • Assisted living facilities
    • 123,968 SF
    • 1.51 lot acres
    Off-Market
    Property ID
    US18-2911165
    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
    $3,720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Trinity Towers East / Apartment Complex

    Property Details for 700 Strawbridge Ave

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.51 lot acres
    Zone code
    C3
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    28-37-03-FC-00034.0-0007.00
    APU
    283703FC000340000700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 30, 2016 $4,480,000 Trinity Towers East Preservation As Poah Trinty Towers East LLC Special Warranty Deed $4M · Florida Housing Finance Corp
    Nov 30, 2016 — Poah Trinity Towers East LLC — Deed · related $750k · Housing Fin Agcy
    Jun 7, 2013 $3,120,000 Poah Trinity Towers East LLC Trinity Towers INC Special Warranty Deed $2.6M · Low Income Investment Fund
    — — Trinty Towers INC — Deed Of Trust · related $85k · Melbourne City (fl)
    — — Trinity Towers INC — Deed Of Trust · related $40k · Melbourne City (fl)
    — — Poah Trinity Towers East LLC — Loan Modification · related $2.9M · Pnc Bk
    — — Poah Trinity Towers East LLC — Deed Of Trust · related $750k · Housing Fin Agcy

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $5,945,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.609
    Latitude
    28.0798
    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
    $13,579
    $1,644,500
    $9,046,450
    $10,690,950
    -
    $1,644,500
    $9,046,450
    $10,690,950

    Comparable in this City

    • Value Estimation
      $1,205,000
      43,208 SF

      1765 Hibiscus Blvd

      HOMES (RETIRED, NURSING)
      1765 Hibiscus Blvd, Melbourne, FL 32901-2616
      View Details
    • Value Estimation
      $3,305,000
      68,259 SF

      Melbourne, FL 32901

      HOMES (RETIRED, NURSING)
      Melbourne, FL 32901
      View Details
    • Value Estimation
      $2,445,000
      37,960 SF

      251 Florida Ave

      HOMES (RETIRED, NURSING)
      251 Florida Ave, Melbourne, FL 32901-8303
      View Details
    • Value Estimation
      $13,850,000
      39,224 SF

      1415 Hickory St

      HOMES (RETIRED, NURSING)
      1415 Hickory St, Melbourne, FL 32901-3225
      View Details
    • Value Estimation
      $1,805,000
      52,763 SF

      4251 Stack Blvd

      HOMES (RETIRED, NURSING)
      4251 Stack Blvd, Melbourne, FL 32901-8526
      View Details
    • Value Estimation
      $2,450,000
      74,928 SF

      101 Florida Ave

      HOMES (RETIRED, NURSING)
      101 Florida Ave, Melbourne, FL 32901-8301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      374,616 SF

      Proposed Mixed-Use Development Site

      Sustainable mixed-use development site in Melbourne City Center.
      3999 S Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      67,518 SF

      Proposed Mixed-Use Development Site

      Sustainable mixed-use development site in Melbourne City Center.
      3999 S Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      26,850 SF

      Melbourne Industrial/Manufacturing Investment Opportunity

      Industrial property in Melbourne, FL, near major transportation routes.
      1605 Lake St, Melbourne, FL 32901
      View Details
    • Contact for pricing

      Midtown Melbourne Development Opportunity

      C-2 zoned property with high traffic count in growing area.
      429 S Babcock St, Melbourne, FL 32901
      View Details
    • $1,590,000

      Melbourne Office Building For Sale

      4,982 SF CBS office building in central Melbourne location.
      805 E Fee Ave, Melbourne, FL 32901
      View Details
    • $499,000
      1,400 SF

      Commercial Building on Highway 1

      1400 sq ft commercial building with highway frontage.
      2814 S Harbor City Blvd, Melbourne, FL 32901
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Office Space Near Melbourne Airport

      Office space for lease near Melbourne International Airport.
      1220 Prospect Ave, Melbourne, FL 32901
      View Details
    • $12 SF/Yr

      Prime Melbourne Office Space Available

      Centrally located office space with reception and multiple rooms.
      1374 S Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      425 SF

      Office Space Near Downtown Melbourne

      Office space for rent with ample parking and street visibility.
      2202-2275 Bryan St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      2,250 SF

      Office Space with Lab Area

      Office space featuring a clean room and lab area.
      1515 Elizabeth St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      8,240 SF

      Office and Warehouse Space Available

      8,240 SF office and warehouse space for lease.
      2896 Harper Rd, Melbourne, FL 32901
      View Details
    • Contact for pricing

      Prestigious Office Building with River Views

      Class A office building with Indian River and rocket launch views.
      1901 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 Strawbridge Ave
    Melbourne, FL 32901-4757
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    700 Strawbridge Ave, Melbourne, FL, 32901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!