Property profile

7191 Lk Andrew Dr Melbourne, FL 32940

OFF-MARKET
Turn key restaurants
Property ID
US18-7910674
6,264 SF 1.55 ac lot Built 2015
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2015
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,264 SF
Lot 1.55 ac (67,518 SF)
Zoning code PUD
APN 26-36-09-77-0000A.0-0003.00
UPID US18-7910674

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

7191 Lk Andrew Dr Melbourne, FL 32940-6897
Melbourne metro Census 71201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

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

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
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