New search
Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Parking lots & garages
725 Seminole Ave Melbourne, FL 32901
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3056727
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1924
Total area
5,200 SF
Lot
0.18 ac (7,841 SF)
Zoning code
M1
APN
28-37-03-FF-0000L.0-0005.00
UPID
US18-3056727
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$392k
Blend (final)
Blend
$605k
Owner & transaction history
Ranger Airconditioning Heating And · 4 yrs held
Ranger Airconditioning Heating And
since 2022
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$975,000
+46.7%
Commercial (general)
$960,000
+44.0%
Restaurant
$840,000
+26.1%
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 Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$620,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$665,000
Current use
INDUSTRIAL (GENERAL)
$975,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$960,000
Change: +44% · Conversion: Difficult
RESTAURANT
$840,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$560,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Jan 4 2022)
Last sale anchor
$600k
Jan 4 2022
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
$116 / 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
$713
Tax year 2023
Assessed value
$36,340
Assessed 2023
Previous assessed
$36,340
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$27,300
Assessed improvement
$9,040
Land market value
$27,300
Improvement market value
$9,040
Total market value
$36,340
Applied tax rate
53.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1924
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
5,200 SF
Lot
0.18 ac (7,841 SF)
Zoning code
M1
APN
28-37-03-FF-0000L.0-0005.00
UPID
US18-3056727
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Melbourne, FL
Zoning M1 · permitted uses
M1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$665,000
INDUSTRIAL (GENERAL)
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$960,000
RESTAURANT
Est. value
$840,000
OFFICE BUILDING
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES
Est. value
$560,000
PARKING LOT Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1924
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ranger Airconditioning Heating And
Individual
Mailing address
380 CINNAMON DR, SATELLITE BEACH, FL 32937-3123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$600,000
Ranger Airconditioning Heating And
729 Seminole Property Management In
Warranty Deed
$480,000 · Seacoast National Bank
Oct 23, 2018
—
729 Seminole Prop Mgmt INC
—
Deed
related
$375,000 · Florida Busn Bk
—
—
729 Seminole Prop Mgmt INC
—
Deed Of Trust
related
$375,000 · Florida Busn Bk
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 725 Seminole Ave?
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.
