Entity Owned Property summary
This exceptional investment opportunity presents a 12,119 square foot PetSmart storefront located at 7161 Lake Andrew Dr, Melbourne, FL 32940. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $242,380. Secured by a corporate guarantee, the property features a single-tenant, net lease (NN) with a remaining lease term of 10.4 years, expiring April 30, 2035, and includes three five-year renewal options. The lease commenced May 1, 2015, and includes… rent bumps of $0.75 per square foot every five years. Situated on a 1.5-acre lot, this single-story, 2015-built building is part of the Viera Shops shopping center, enjoying high foot traffic and proximity to other popular national retailers. The property benefits from a booming population growth in the trade area, projected to increase by over 11% in the next five years, and is conveniently located off I-95. The surrounding area boasts an average household income of $116,000, further enhancing the investment's appeal. Viera Shops itself ranks in the 76th percentile of all strip centers nationwide in terms of foot traffic, indicating a strong and stable retail environment. The asking price is $4,039,866, translating to a price per square foot of $333.35. This is a rare opportunity to acquire a high-performing, net-leased investment property with significant long-term growth potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,420 SF
- Lot area
- 1.36 ac
- Year built
- 2015
- Stories
- 1
- APN
- 26-36-09-77-0000A.0-0001.00
- Zoning
- PUD
- Assessed value · 2023
- $2,194,010
- Annual tax · 2023
- $30,950
- Office Building
- Auto Repair, Garage
- Retail Stores · current use
- Medical Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
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…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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