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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Warehouses
7400 Pineda Blvd Melbourne, FL 32940-7034
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8135281
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
17,000 SF
Lot
10 ac (435,600 SF)
APN
26-36-17-27-0000A.0-0001.00
UPID
US18-8135281
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
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$3.29M
Owner & transaction history
Midgard Self Storage Viera Fl LLC · 6 yrs held
Midgard Self Storage Viera Fl LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+139.8%
Office building
$4.5M
+103.9%
Auto repair, garage
$3.8M
+73.0%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,875,000
6.5%
$2,655,000
7%
$2,465,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,195,000
Current use
COMMERCIAL (GENERAL)
$5,265,000
Change: +140% · Conversion: Difficult
OFFICE BUILDING
$4,475,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,800,000
Change: +73% · Conversion: Easy
RETAIL STORES
$2,915,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$2,720,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±10%
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
$193 / 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
$109,284
Tax year 2023
Assessed value
$7,269,410
Assessed 2023
Previous assessed
$7,269,410
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$3,486,460
Assessed improvement
$3,782,950
Land market value
$3,486,460
Improvement market value
$3,782,950
Total market value
$7,269,410
Applied tax rate
4,200.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Units
766
Total area
17,000 SF
Lot
10 ac (435,600 SF)
APN
26-36-17-27-0000A.0-0001.00
UPID
US18-8135281
Jurisdiction
BREVARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Units
766
Lot
10 ac
Current owner
From public records · entity-resolved
Midgard Self Storage Viera Fl LLC
Entity
Mailing address
1146 CANTON ST, ROSWELL, GA 30075-3641
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
$9,720,000
Midgard Self Storage Viera Fl LLC
Securestore At Wickham Pineda LLC
Special Warranty Deed
$8,600,000 · Axiom Bank
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.
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