Property profile

7211 Lk Andrew Dr Melbourne, FL 32940

OFF-MARKET
Turn key restaurants
Property ID
US18-7774077
7,107 SF 1.75 ac lot Built 2016
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2016
Construction FRAME
Total area 7,107 SF
Lot 1.75 ac (76,230 SF)
Zoning code PUD
APN 26-36-09-VH-0000A.0-0001.02
UPID US18-7774077

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

7211 Lk Andrew Dr Melbourne, FL 32940-6612
Melbourne metro Census 71201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$706k
Blend (final) Blend
$600k

Owner & transaction history

since 2017
5 recorded transactions
2020
Price N/A
2017
$3.0M
2017
Price N/A
1969
Price N/A
1969
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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