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Property profile & analytics
OFF-MARKET
Office Units
708 Palmetto Ave Melbourne, FL 32901-4726
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3760799
Property summary
AI-generated overview
This commercial space is located one block south of downtown Melbourne, Florida. The property is configured in a way that is suitable for a hair salon, but it could be converted into office space for a doctor's office, insurance agency, law firm, or other business. The building has 1,260 square feet of living area and is situated on a 0.16-acre lot. It features four parking spaces, plus a garage.
Property profile
Verified
Property type
Office Units
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,331 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C1
APN
28-37-03-01-00035.0-0013.00
UPID
US18-3760799
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
-
Waves The Salon Hair Salon Nail Salon
-
Blowdye Salon Hair Salon Nail Salon
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
Dianne Rose Caplin · 1 yrs held
Dianne Rose Caplin
since 2025
5 recorded transactions
Zoning & alternative use
C1 · 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
$2,481
Tax year 2023
Assessed value
$127,310
Assessed 2023
Previous assessed
$126,310
+0.8% YoY
Effective rate
1.95%
On assessed value
Assessed land
$85,500
Assessed improvement
$41,810
Land market value
$85,500
Improvement market value
$41,810
Total market value
$127,310
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
Office Units
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,331 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C1
APN
28-37-03-01-00035.0-0013.00
UPID
US18-3760799
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Melbourne, FL
Zoning C1 · permitted uses
C1 · 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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Dianne Rose Caplin
Individual
Mailing address
1281 MOSSWOOD CT, INDIALANTIC, FL 32903-4006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 9, 2025
—
Dianne Rose Caplin
Dianne Rose Caplin
Deed
related
—
May 11, 2009
—
Dianne R Hart
Hart Kevin G & D R Trust
Quit Claim Deed
related
—
Apr 9, 2008
—
Kevin G Hart
Hart,kevin G & Dianne R
Quit Claim Deed
related
—
—
—
Kevin G Hart
—
Deed Of Trust
related
$52,500 · Crissy Mtg Corp
—
—
Kevin G Hart
—
Deed Of Trust
related
$69,000 · Riverside National Bank
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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