Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    809 New Hvn Ave Melbourne, FL 32901-5432

    • Turn key restaurants
    • 5,585 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $1,815,000
    Last Sale
    Sep 23, 2022
    $1,750,000
    Location Intelligence
    Property ID
    US18-5902188
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 809 New Hvn Ave

    Year built
    1935
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Property size
    5,585 SF
    Zone code
    C3
    Property type
    Turn key restaurants
    APN
    28-37-03-82-00046.0-0004.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,815,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,795,000
      6.5%
      $1,840,000
      7%
      $1,585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,935,000
      Geo Method
      $1,950,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,540,000
      Retail
      $1,995,000
      Mixed-Use
      $1,510,000
      Hospitality
      $1,555,000
      Educational
      $1,500,000
      Residential Income
      $1,840,000
      Energy
      $1,750,000
      Income-Based Land
      $2,040,000
      Food Service
      $1,545,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6075
    Latitude
    28.0782
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,044
    $472,500
    $603,060
    $1,075,560
    -
    $472,500
    $603,060
    $1,075,560

    Comparable in this City

    • Value Estimation
      $240,000
      2,064 SF

      31 New Hvn Ave

      RESTAURANT • 2,064 SF
      31 New Hvn Ave, Melbourne, FL 32901-4461
      View Details
    • Value Estimation
      $815,000
      7,667 SF

      916 New Hvn Ave

      RESTAURANT • 7,667 SF
      916 New Hvn Ave, Melbourne, FL 32901-5435
      View Details
    • Value Estimation
      $1,155,000
      5,131 SF

      55 Nasa Blvd

      RESTAURANT • 5,131 SF
      55 Nasa Blvd, Melbourne, FL 32901-1933
      View Details
    • Value Estimation
      $740,000
      5,133 SF

      4990 Stack Blvd

      RESTAURANT • 5,133 SF
      4990 Stack Blvd, Melbourne, FL 32901-8578
      View Details
    • Value Estimation
      $335,000
      1,796 SF

      707 New Hvn Ave

      RESTAURANT • 1,796 SF
      707 New Hvn Ave, Melbourne, FL 32901-5430
      View Details
    • Value Estimation
      $245,000
      444 SF

      2210 Frnt St Ste, Unit 109

      RESTAURANT • 444 SF
      2210 Frnt St Ste, Melbourne, FL 32901-7506
      View Details

    Similar Nearby for Sale

    • $1,175,000
      2,320 SF

      Melbourne Restaurant Investment Opportunity

      Profitable restaurant property with long-term lease and growth potential.
      401 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $900,000

      Turn-Key Restaurant in Historic Downtown

      Thriving restaurant business with lease in place in Historic Downtown.
      837 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $1,825,000
      9,032 SF

      Office and Restaurant Buildings For Sale

      Two commercial buildings with office and restaurant spaces available.
      805 E Fee Ave, Melbourne, FL 32901
      View Details
    • Contact for pricing
      684,327 SF

      Tarpon Springs Office Space Available

      2,000 SF Office, Immediate Occupancy
      3999 Babcock St, Melbourne, FL 32901
      View Details
    • $1,700,000
      9,000 SF

      Historic Landmark in Downtown Melbourne

      9000 sq ft historic property with redevelopment potential.
      1824 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $450,000

      Melbourne Retail Land Opportunity

      6,000 SF Pad Ready for Development
      1100 Broadband Dr, Melbourne, FL 32901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      168,737 SF

      Melbourne Retail Space - NASA Plaza

      Prime Retail Space, Multiple Units Available
      0 Nasa Blvd. & Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      3,721 SF

      Melbourne Showroom: Prime Retail Space

      3,721 SF Retail Space - For Lease
      2412 Harbor City Blvd, Melbourne, FL 32901
      View Details
    • Contact for pricing
      870 SF

      Neighborhood Shopping Center Retail Space

      Retail space in a neighborhood shopping center for lease.
      765-945 S Babcock St, Melbourne, FL 32901
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Highline Apartments

      Retail space available in a mixed-use development.
      916 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $28 SF/Yr
      1,500 SF

      Prime Commercial Space in Melbourne

      Versatile commercial space suitable for retail, office, or restaurant.
      826 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $7,000 /Mo
      3,109 SF

      Retail or Professional Office Space

      Stand-alone building with flexible layout in Central Melbourne Commercial District.
      665 S Babcock St, Melbourne, FL 32901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    809 New Hvn Ave
    Melbourne, FL 32901-5432
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.