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Property profile & analytics
FOR SALE
Retail space
701 S Apollo Blvd Melbourne, FL 32901
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5916293
For Sale
1 / 2
$1,250,000
701 S Apollo Blvd, Melbourne, FL 32901
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,680 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CP
APN
27-37-34-00-00277.0-0000.00
UPID
US18-5916293
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$720k
Owner & transaction history
Spinnaker Apollo LLC · 3 yrs held
Spinnaker Apollo LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
CP · 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
Method
Estimation
Statistic approach
$655,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $750k (Jul 22 2022)
Last sale anchor
$750k
Jul 22 2022
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
$94 / 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
$10,526
Tax year 2023
Assessed value
$603,030
Assessed 2023
Previous assessed
$597,610
+0.9% YoY
Effective rate
1.75%
On assessed value
Assessed land
$126,000
Assessed improvement
$477,030
Land market value
$126,000
Improvement market value
$477,030
Total market value
$603,030
Applied tax rate
53.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
7,680 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CP
APN
27-37-34-00-00277.0-0000.00
UPID
US18-5916293
Jurisdiction
BREVARD
Zoning & alternative use
CP · Melbourne, FL
Zoning CP · permitted uses
CP · 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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Spinnaker Apollo LLC
Entity
Mailing address
983 12TH ST, VERO BEACH, FL 32960-6725
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Spinnaker Apollo LLC
—
Deed
related
$106,500 · United States Small Business Admin
Jan 22, 2025
—
Spinnaker Apollo LLC
—
Deed
related
$8,000 · United States Small Business Admin
Jul 17, 2023
—
Spinnaker Apollo LLC
—
Deed
related
$850,000 · Silver Hill Financial LLC
Jul 22, 2022
$750,000
Spinnaker Apollo LLC
Nature S Market INC
Warranty Deed
—
Dec 9, 2010
—
Natures Market
Colljackson LLC
Quit Claim Deed
related
—
Oct 29, 2009
$273,000
Colljackson LLC
Cramer,colleen H
Quit Claim Deed
related
—
Jul 8, 2008
$700,000
Colleen H Cramer
Bakolia,peter
Grant Deed
$600,000 · Bakolia Julie S Trust (tr)
Aug 7, 2004
$574,000
Peter Bakolia
701 Apollo LLC
Warranty Deed
—
Oct 15, 2003
$390,000
701 Apollo LLC
Clevenger,samuel D & Cordella S
Grant Deed
$310,000 · Samuel D & Cordella S Clevenger
—
—
Peter Bakolia
—
Deed Of Trust
related
$216,800 · Us Small Business Admn
—
—
Natures Market INC
—
Deed Of Trust
related
$484,000 · Space Coast Cu
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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