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Property profile & analytics
OFF-MARKET
Estimated value
$4,055,000
Truck terminals
7715 Ellis Rd West Melbourne, FL 32904-1171
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0676753
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1973
Construction
FRAME
Total area
12,440 SF
Lot
3.72 ac (162,043 SF)
Zoning code
M2
APN
27-36-36-00-00025.0-0000.00
UPID
US18-0676753
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
$3.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.06M
Owner & transaction history
Wmg 7715 Ellis Road Melbourne LLC · 3 yrs held
Wmg 7715 Ellis Road Melbourne LLC
since 2022
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
M2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+299.9%
Commercial (general)
$3.9M
+224.1%
Auto repair, garage
$2.8M
+133.9%
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
$4,050,000
ML approach
$3,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,755,000
Change: +300% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,850,000
Change: +224% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,780,000
Change: +134% · Conversion: Difficult
OFFICE BUILDING
$2,520,000
Change: +112% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.46M · ±10% · vs last sale $4.10M (Nov 23 2022)
Last sale anchor
$4.10M
Nov 23 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
$326 / 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
$60,836
Tax year 2023
Assessed value
$2,939,810
Assessed 2023
Previous assessed
$2,118,800
+38.7% YoY
Effective rate
2.07%
On assessed value
Assessed land
$486,760
Assessed improvement
$2,453,050
Land market value
$486,760
Improvement market value
$2,453,050
Total market value
$2,939,810
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
3
Total area
12,440 SF
Lot
3.72 ac (162,043 SF)
Zoning code
M2
APN
27-36-36-00-00025.0-0000.00
UPID
US18-0676753
Jurisdiction
BREVARD
Zoning & alternative use
M2 · West Melbourne, FL
Zoning M2 · permitted uses
M2 · 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
RESTAURANT
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1973
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
3
Lot
3.72 ac
Current owner
From public records · entity-resolved
Wmg 7715 Ellis Road Melbourne LLC
Entity
Mailing address
2801 SW 31ST AVE STE 2B, COCONUT GROVE, FL 33133-3540
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$4,100,000
Wmg 7715 Ellis Road Melbourne LLC
Boozer Properties LLC
Warranty Deed
—
Oct 15, 2010
—
Atlas Fl I Spe LLC
Branch Bkng & Trust Co
Grant Deed
related
—
Aug 24, 2010
—
Branch Bkng & Trust Co
Garner Investment Grou Coc
Trustees Deed
related
—
Jul 10, 2007
—
Garner Investment Group LLC
Rose M Garner
Warranty Deed
$1,500,000 · Branch Banking And Trust Co
—
—
Rose M Garner
—
Deed Of Trust
related
$620,000 · Century Bank Fsb
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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