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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
7607 Coral Dr, West Melbourne, FL 32904-1101
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3847621
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,101 SF
Lot
0.69 ac (30,056 SF)
Zoning code
M1
APN
27-36-25-75-0000C.0-0019.00
UPID
US18-3847621
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
$925k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$925k
Owner & transaction history
Coral Drive Commercial Properties L · 2 yrs held
Coral Drive Commercial Properties L
since 2024
Last sale
$925,000
6 recorded transactions
Zoning & alternative use
M1 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+52.8%
Auto repair, garage
$915,000
+10.2%
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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Current use
COMMERCIAL (GENERAL)
$1,270,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$915,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$705,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Feb 5 2024)
Last sale anchor
$925k
Feb 5 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
$226 / 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
$9,386
Tax year 2023
Assessed value
$642,770
Assessed 2023
Previous assessed
$642,770
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$104,470
Assessed improvement
$538,300
Land market value
$104,470
Improvement market value
$538,300
Total market value
$642,770
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
4,101 SF
Lot
0.69 ac (30,056 SF)
Zoning code
M1
APN
27-36-25-75-0000C.0-0019.00
UPID
US18-3847621
Jurisdiction
BREVARD
Zoning & alternative use
M1 · West Melbourne, FL
Zoning M1 · permitted uses
M1 · 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
OFFICE BUILDING Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$915,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Coral Drive Commercial Properties L
Entity
Mailing address
1839 PLANTATION CIR SE, PALM BAY, FL 32909-7127
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Coral Drive Commercial Properties L
—
Deed
related
$1,185,000 · Southstate Bank NA
Feb 13, 2024
—
Coral Drive Commercial Properties L
—
Deed
related
$391,000 · Florida First Capital Finance Corporatio
Feb 5, 2024
$925,000
Coral Drive Commercial Properties L
M E Construction INC
Warranty Deed
$474,050 · Cypress Bank & Trust
Dec 6, 2016
—
M E Construction INC
—
Deed
related
$150,000 · Seacoast Nat'l Bk
—
—
Me Construction INC
—
Deed Of Trust
related
$150,000 · Bankfirst
—
—
M E Construction INC
—
Loan Modification
related
$150,000 · Seacoast Nat'l 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.
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