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    Property profile & analytics

    816 New Hvn Ave Melbourne, FL 32901-5433

    • Bars
    • 1,535 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Last Sale
    Apr 08, 2022
    $535,000
    Location Intelligence
    Property ID
    US18-0478367
    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

    • Forest Group LLC / Image Consultant
    • Foo Bar Cocktail Lounge / Bar / Cocktail Bar

    Property Details for 816 New Hvn Ave

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    1,535 SF
    Zone code
    CC3
    Property type
    Bars
    APN
    28-37-03-FC-00032.0-0007.00
    APU
    283703FC000320000700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $555,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $605,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $680,000
      Mixed-Use
      $615,000
      Hospitality
      $635,000
      Educational
      $640,000
      Residential Income
      $685,000
      Energy
      $645,000
      Income-Based Land
      $585,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6069
    Latitude
    28.0787
    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
    $5,004
    $130,560
    $141,780
    $272,340
    -
    $130,560
    $141,780
    $272,340

    Comparable in this City

    • Value Estimation
      $305,000
      2,233 SF

      411 New Hvn Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,233 SF
      411 New Hvn Ave, Melbourne, FL 32901-4507
      View Details
    • Value Estimation by Request
      7,189 SF

      815 Strawbridge Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 7,189 SF
      815 Strawbridge Ave, Melbourne, FL 32901-4736
      View Details
    • Value Estimation
      $210,000
      2,510 SF

      705 New Hvn Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,510 SF
      705 New Hvn Ave, Melbourne, FL 32901-5430
      View Details
    • Value Estimation
      $340,000
      5,079 SF

      2021 Melbourne Ct

      NIGHTCLUB (COCKTAIL LOUNGE) • 5,079 SF
      2021 Melbourne Ct, Melbourne, FL 32901-5479
      View Details
    • Value Estimation
      $280,000
      2,247 SF

      421 Babcock St

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,247 SF
      421 Babcock St, Melbourne, FL 32901-1213
      View Details
    • Value Estimation
      $790,000
      2,184 SF

      1900 Municipal Ln

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,184 SF
      1900 Municipal Ln, Melbourne, FL 32901-4702
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail space in a neighborhood shopping center for lease.
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    • Contact for pricing
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      Retail Space in Highline Apartments

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    • $28 SF/Yr
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      Prime Commercial Space in Melbourne

      Versatile commercial space suitable for retail, office, or restaurant.
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    • $7,000 /Mo
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      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
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    816 New Hvn Ave
    Melbourne, FL 32901-5433
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    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
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