Property profile

720 New Hvn Ave Melbourne, FL 32901

OFF-MARKET
Automotive properties
Property ID
US18-9758267
1,049 SF 0.12 ac lot Built 1963
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,049 SF
Lot 0.12 ac (5,227 SF)
Zoning code C2
APN 28-37-04-02-00091.0-0010.02
UPID US18-9758267

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
  • Social Service Agency Medical Clinic
  • Medical Clinic
  • Hearing Aid Store Acoustical Consultant
  • Pediatrician Physician
  • Medical Clinic

Location

720 New Hvn Ave Melbourne, FL 32901-4238
Melbourne metro Census 64701 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2008
Last sale
$235,000
3 recorded transactions
2008
$215,000
2007
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…

General category COMMERCIAL

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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