New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,520,000
Assisted living facilities
7201 Greenboro Dr, West Melbourne, FL 32904-1698
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4867341
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,782 SF
Lot
7.22 ac (314,503 SF)
Zoning code
P1
APN
27-36-36-25-00009.1-0000.00
UPID
US18-4867341
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.52M
Owner & transaction history
Indian River Property Holdings LLC · 4 yrs held
Indian River Property Holdings LLC
since 2021
Last sale
$10.6M
6 recorded transactions
Zoning & alternative use
P1 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.7M
+419.8%
Industrial (general)
$12.5M
+291.4%
Office building
$8.3M
+160.0%
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 West Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
Method
Estimation
Statistic approach
$11,415,000
ML approach
$9,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,650,000
Change: +420% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,535,000
Change: +291% · Conversion: Difficult
OFFICE BUILDING
$8,325,000
Change: +160% · Conversion: Difficult
RESTAURANT
$8,015,000
Change: +150% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,725,000
Change: +141% · Conversion: Difficult
MEDICAL BUILDING
$6,410,000
Change: +100% · Conversion: Difficult
Blend value · Realmo final
$10.52M
Range $9.47M – $11.57M · ±10% · vs last sale $10.58M (Jul 15 2021)
Last sale anchor
$10.58M
Jul 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
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
$79,818
Tax year 2023
Assessed value
$4,561,650
Assessed 2023
Previous assessed
$4,472,210
+2.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$691,610
Assessed improvement
$3,870,040
Land market value
$691,610
Improvement market value
$3,870,040
Total market value
$4,561,650
Applied tax rate
52.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
66,782 SF
Lot
7.22 ac (314,503 SF)
Zoning code
P1
APN
27-36-36-25-00009.1-0000.00
UPID
US18-4867341
Jurisdiction
BREVARD
Zoning & alternative use
P1 · West Melbourne, FL
Zoning P1 · permitted uses
P1 · West Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$16.7M
INDUSTRIAL (GENERAL)
Est. value
$12.5M
OFFICE BUILDING
Est. value
$8.3M
RESTAURANT
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
7.22 ac
Current owner
From public records · entity-resolved
Indian River Property Holdings LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$10,580,000
Indian River Property Holdings LLC
Eclipse Opis Re Indian River LLC
Special Warranty Deed
$2,800,000 · Vnb New York LLC
Mar 11, 2019
—
Eclipse Opis Properties LLC
—
Deed
related
$86,000,000 · Wo Healthco-3 LLC
May 8, 2014
$13,071,000
Eclipse Opis Re Indian Riv LLC
Pentathlon Re Indian River LLC
Grant Deed
—
Dec 10, 2012
$15,362,100
Pentathlon Re Indian River LLC
Diamond Senior Living II LLC
Grant Deed
$86,000,000 · General Electric Capital Corp
—
—
Formation Properties LLC
—
Deed Of Trust
related
$18,660,000 · General Electric Capital Corp
—
—
Eclipse Opis Properties LLC
—
Loan Modification
related
$86,000,000 · Wo Healthco-3 LLC
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.
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 7201 Greenboro Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
