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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Car washes
7940 Wickham Rd Melbourne, FL 32940-7917
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-0096580
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,568 SF
Lot
3.86 ac (168,142 SF)
Zoning code
BU-1
APN
26-36-11-00-00501.0-0000.00
UPID
US18-0096580
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
Current use
Occupant on record · Public records
-
Valvoline Instant Oil Change Auto Repair Shop
-
Mister Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$725k
Owner & transaction history
National Retail Properties LP · 10 yrs held
National Retail Properties LP
since 2015
7 recorded transactions
Zoning & alternative use
BU-1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$130 / 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
$31,159
Tax year 2023
Assessed value
$2,318,510
Assessed 2023
Previous assessed
$2,167,430
+7.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,386,700
Assessed improvement
$931,810
Land market value
$1,386,700
Improvement market value
$931,810
Total market value
$2,318,510
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
5,568 SF
Lot
3.86 ac (168,142 SF)
Zoning code
BU-1
APN
26-36-11-00-00501.0-0000.00
UPID
US18-0096580
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Melbourne, FLZoning BU-1 · permitted uses
BU-1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.86 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2015
$5,600,000
National Retail Properties LP
Wickham Group LLC
Grant Deed
—
Dec 2, 2008
$1,500,000
Wickham Group LLC
Fhc Ventures LLC
Warranty Deed
$3,127,500 · Old Southern Bank
Jun 5, 2001
—
Pulte Home Corp
Eber,steven L
Quit Claim Deed
related
—
Oct 4, 2000
$84,100
Mary F Scavelli
Pulte Home Corp
Grant Deed
$74,095 · Pulte Home Corp
Sep 25, 2000
$87,600
Dawn M Sims
Pulte Home Corp
Grant Deed
—
Sep 20, 2000
$91,400
George D Bovell
Pulte Home Corp
Grant Deed
$93,136 · Pulte Mortgage Corp
Sep 8, 2000
$90,200
Christopher S Baker
Pulte Home Corp
Grant Deed
$89,366 · Pulte Mortgage Corp
Sep 8, 2000
$88,400
Richard J Olbrei
Pulte Home Corp
Grant Deed
$90,157 · Pulte Mortgage Corp
Sep 1, 2000
$88,200
Kingsley A Zimlich
Pulte Home Corp
Grant Deed
$83,699 · Pulte Mortgage Corp
Jul 11, 2000
$83,700
Loretta E Durbin
Pulte Home Corp
Grant Deed
—
Jun 15, 2000
$80,500
Jeanne R Swenson
Pulte Home Corp
Grant Deed
—
Jun 9, 2000
$824,200
Cove Partnership #3 Ltd
Eber,steven L
Grant Deed
$2,065,445 · Wachovia Bank NA
May 2, 2000
$410,100
Pulte Home Corp
Eber,steven L
Grant Deed
—
Jul 26, 1999
$454,600
Pulte Home Corp
Eber,steven L
Grant Deed
—
—
—
Smileys Sanford LLC
—
Loan Modification
related
$1,208,800 · Prime 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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