Individually Owned 
For Lease
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750 North Dr, Melbourne, FL 32934
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Property summary
AI-generated overview
A 9,600-square-foot flex space property combining approximately 8,000 square feet of high-tech office/engineering area with a 1,600-square-foot warehouse. The office portion includes a reception area, hard-wall offices, cubicles, and conference and break rooms, with carpet and drop ceilings throughout and extensive windowing for natural light. The warehouse is served by concrete flooring and has an estimated clear height of 10 to 14 feet, with access provided by a single 10-foot wide by 9-foot tall grade-level door. The building is equipped with HVAC and is supported by city water and sewer, fiber internet, and 1-phase 120/240v electrical service (850 amps FPL). The site provides 39 asphalt-paved, striped, and lighted parking spaces and includes two generators. Zoned M1, the property is suitable for office use as well as light assembly/manufacturing and electronic assembly, among other permitted uses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,600 SF
Lot
1.31 ac (57,064 SF)
Zoning code
M1
APN
27-36-23-76-0000B.0-0003.00
UPID
US19-0494516
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.69M
Owner & transaction history
since 2007
5 recorded transactions
Zoning & alternative use
M1 · Melbourne, FL
Top alternative use upside
Auto repair, garage
$2.1M
+11.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.69M
Value range
$1.52M – $1.85M
±10% around blend
Estimated value / SF
$176 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$1.52M
blend $1.69M
$1.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,600 SF
Lot area
1.31 ac
Year built
2000
Stories
1
APN
27-36-23-76-0000B.0-0003.00
Zoning
M1
Assessed value
$1,097,710
Annual tax
$17,454
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.15M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.32M
@ 6.5% CAP return
$2.15M
@ 7% CAP return
$1.99M
4
Sales comparison
Partial preview
Sales approach indication
$1.75M
Range $1.34M – $2.82M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.69M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 326 sales
$200
-12%
County 529 sales
$189
-7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $176/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+11%
vs current-use indication
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.10M
Move the market yield to see immediate price impact.
Value / SF
$114
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$69k
$1.38M
$988k
$768k
$77k
$1.54M
$1.10M
$854k
$85k
$1.69M
$1.21M
$939k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,454
Tax year 2023
Assessed value
$1,097,710
Assessed 2023
Previous assessed
$737,140
+48.9% YoY
Effective rate
1.59%
On assessed value
Assessed land
$186,430
Assessed improvement
$911,280
Land market value
$186,430
Improvement market value
$911,280
Total market value
$1,097,710
Applied tax rate
53.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
9,600 SF
Lot
1.31 ac (57,064 SF)
Zoning code
M1
APN
27-36-23-76-0000B.0-0003.00
UPID
US19-0494516
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Melbourne, FLZoning M1 · permitted uses
M1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
1.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Melbourne, FL
Recorded code
M1
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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