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Property profile & analytics
OFF-MARKET
Bars & Pubs
705 New Hvn Ave Melbourne, FL 32901-5430
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US19-0473400
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1948
Construction
WOOD
Total area
2,510 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CC3
APN
28-37-03-75-00000.0-0008.01
UPID
US19-0473400
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
-
Mainstreet Pub Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
705 Mainstreet LLC · 16 yrs held
705 Mainstreet LLC
since 2009
6 recorded transactions
Zoning & alternative use
CC3 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,489
Tax year 2023
Assessed value
$298,070
Assessed 2023
Previous assessed
$343,940
-13.3% YoY
Effective rate
1.84%
On assessed value
Assessed land
$207,000
Assessed improvement
$91,070
Land market value
$207,000
Improvement market value
$91,070
Total market value
$298,070
Applied tax rate
34.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
2,510 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CC3
APN
28-37-03-75-00000.0-0008.01
UPID
US19-0473400
Jurisdiction
BREVARD
Zoning & alternative use
CC3 · Melbourne, FL
Zoning CC3 · permitted uses
CC3 · 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.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
705 Mainstreet LLC
Entity
Mailing address
111 ESTRELLA RD, MELBOURNE BCH, FL 32951-3832
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2009
—
705 Mainstreet LLC
Jmc Ltd Corp
Quit Claim Deed
related
—
Dec 13, 2006
—
Jmc Ltd Corp
Jmc Ltd Corp
Quit Claim Deed
related
—
Mar 17, 2004
$185,000
Jmc Ltd Corp
Greenhouse INC
Grant Deed
—
Mar 17, 2004
$79,300
Jmc Ltd Corp
Bricker,john R
Grant Deed
—
—
—
705 Mainstreet LLC
—
Deed Of Trust
related
$195,000 · Thomas A & Rosa S Cross
—
—
Greenhouse INC
—
Deed Of Trust
related
$150,000 · Apex Commercial Capital Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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