Technical
Financial
Distress signals
Property profile

7171 Lk Andrew Dr Ste 101 Melbourne, FL 32940

OFF-MARKET
Strip malls
Property ID
US18-7960174
6,650 SF 1.52 ac lot Built 2015
Entity Owned 10-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2015
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,650 SF
Lot 1.52 ac (66,211 SF)
Zoning code PUD
APN 26-36-09-77-0000A.0-0002.00
UPID US18-7960174

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7171 Lk Andrew Dr Ste, Unit 101 Melbourne, FL 32940-6896
Melbourne metro Census 71201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.37M
Comparable Approach Comparable
$715k
Blend (final) Blend
$995k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2016
$7.1M

Zoning & alternative use

PUD · Melbourne, FL
Zoning description

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…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage $1.5M +63.2%
Retail stores $1.1M +25.3%
Medical building $1.1M +16.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7171 Lk Andrew Dr Ste, Unit 101?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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