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    Property profile & analytics

    7211 Lk Andrew Dr Melbourne, FL 32940-6612

    • Turn key restaurants
    • 7,107 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-7774077
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outback Steakhouse / Steak House / American Restaurant

    Property Details for 7211 Lk Andrew Dr

    Year built
    2016
    Construction
    FRAME
    Lot size
    1.75 lot acres
    Property size
    7,107 SF
    Zone code
    PUD
    Property type
    Turn key restaurants
    APN
    26-36-09-VH-0000A.0-0001.02
    APU
    263609VH0000A0000102

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.7252
    Latitude
    28.2347
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,769
    $1,311,860
    $735,420
    $2,047,280
    -
    $1,311,860
    $735,420
    $2,047,280

    Comparable in this City

    • Value Estimation by Request
      5,725 SF

      6691 Lk Andrew Dr

      RESTAURANT • 5,725 SF
      6691 Lk Andrew Dr, Melbourne, FL 32940-6695
      View Details
    • Value Estimation by Request
      6,154 SF

      8260 Wickham Rd

      RESTAURANT • 6,154 SF
      8260 Wickham Rd, Melbourne, FL 32940-7923
      View Details
    • Value Estimation by Request
      5,517 SF

      8201 Wickham Rd

      RESTAURANT • 5,517 SF
      8201 Wickham Rd, Melbourne, FL 32940-7990
      View Details
    • Value Estimation by Request
      6,264 SF

      7191 Lk Andrew Dr

      RESTAURANT • 6,264 SF
      7191 Lk Andrew Dr, Melbourne, FL 32940-6897
      View Details
    • Value Estimation by Request
      4,233 SF

      6728 Colonnade Ave

      RESTAURANT • 4,233 SF
      6728 Colonnade Ave, Melbourne, FL 32940-6002
      View Details
    • Value Estimation by Request
      7,420 SF

      6630 Colonnade Ave

      RESTAURANT • 7,420 SF
      6630 Colonnade Ave, Melbourne, FL 32940-6000
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant Opportunity in Melbourne

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    • Contact for pricing
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      5,725 SF restaurant space with covered patio.
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      6,289 SF building with showroom, offices, and warehouse space.
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    • $2,750,000
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      Prime Commercial Property, FL Highway 1

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    Similar Nearby for Lease

    • $25 SF/Yr
      14,544 SF

      Melbourne Office Space - 7,295 SF

      First-floor office, ideal for various uses.
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    • $35 SF/Yr
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      Melbourne Retail Center Investment Opportunity

      High-performing retail center in Melbourne, FL
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      View Details
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      2,573 SF

      Retail Space in Viera

      Grocery and home improvement anchored lifestyle center. Flexible sizing available.
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    • $28 SF/Yr
      5,984 SF

      Prime Retail Space, Wickham Rd

      High-traffic location, two suites available
      6455 Wickham Rd, Melbourne, FL 32940
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    • $3,500 /Mo
      1,052 SF

      Office with Garage and Lot

      Office space with garage and large lot for outdoor storage.
      2735 Allen Hill Ave, Melbourne, FL 32940
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    • $25 SF/Yr
      1,025 SF

      Suntree Retail Space for Sale

      Prime Retail/Office, 1,025 sq ft
      2955 Pineda Plaza Way, Melbourne, FL 32940
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      1.3k
    • Avg Time on site
      31 min
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    7211 Lk Andrew Dr
    Melbourne, FL 32940-6612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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