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Property profile & analytics
FOR SALE
Car washes
745 S Wickham Rd West Melbourne, FL 32904
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0219612
For Sale
1 / 67
$650,000
745 S Wickham Rd, West Melbourne, FL 32904
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,228 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C2
APN
27-36-36-00-00070.0-0000.00
UPID
US18-0219612
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$590k
Owner & transaction history
Hf Assets LLC · 2 yrs held
Hf Assets LLC
since 2024
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
C2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$690,000
+38.6%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$500,000
Current use
COMMERCIAL (GENERAL)
$690,000
Change: +39% · Conversion: Moderate
OFFICE BUILDING
$450,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Apr 1 2024)
Last sale anchor
$590k
Apr 1 2024
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
$265 / 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
$5,204
Tax year 2023
Assessed value
$324,730
Assessed 2023
Previous assessed
$324,730
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$153,130
Assessed improvement
$171,600
Land market value
$153,130
Improvement market value
$171,600
Total market value
$324,730
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
Car washes
Use group
CAR WASH
Status
For Sale
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,228 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C2
APN
27-36-36-00-00070.0-0000.00
UPID
US18-0219612
Jurisdiction
BREVARD
Zoning & alternative use
C2 · West Melbourne, FL
Zoning C2 · permitted uses
C2 · 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
AUTO REPAIR, GARAGE Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$690,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE 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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Hf Assets LLC
Entity
Mailing address
183 SWEDE TRL, KALISPELL, MT 59901-8579
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$590,000
Hf Assets LLC
Equitable Car Wash LLC
Special Warranty Deed
$425,419 · South State Bank NA
Jan 5, 2022
$620,000
Equitable Car Wash LLC
Wickham Road South Car Wash LLC
Warranty Deed
$450,000 · South State Bank National Associati
Mar 26, 2008
$105,200
Brevard County
Wickham Road South Car Wash Ll
Warranty Deed
—
Feb 23, 2006
—
Wickham Road South Car Wash Ll
H & H Builders INC
Warranty Deed
related
—
Oct 31, 2005
—
H & H Builders INC
Trust 663
Quit Claim Deed
related
—
Oct 31, 2005
$650,000
Wickham Road South Car Wash LLC
H & H Builders INC
Warranty Deed
$550,000 · H & H Builders INC
Mar 3, 2005
$364,000
Trust 663
Boots,margaret
Quit Claim Deed
related
—
—
—
Wickham Road South Car Wash Ll
—
Deed Of Trust
related
$700,000 · First National Bank Central Fl
—
—
Wickham Road South Car Wash Ll
—
Deed Of Trust
related
$630,000 · Space Coast Cu
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
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