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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Bars & Pubs
816 New Hvn Ave Melbourne, FL 32901-5433
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0478367
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,535 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CC3
APN
28-37-03-FC-00032.0-0007.00
UPID
US18-0478367
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
-
Forest Group LLC Image Consultant
-
Foo Bar Cocktail Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$355k
Blend (final)
Blend
$530k
Owner & transaction history
M&a Partners LLC · 4 yrs held
M&a Partners LLC
since 2022
Last sale
$535,000
7 recorded transactions
Zoning & alternative use
CC3 · 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
$555,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $535k (Apr 8 2022)
Last sale anchor
$535k
Apr 8 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
$345 / 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
$5,004
Tax year 2023
Assessed value
$272,340
Assessed 2023
Previous assessed
$269,970
+0.9% YoY
Effective rate
1.84%
On assessed value
Assessed land
$130,560
Assessed improvement
$141,780
Land market value
$130,560
Improvement market value
$141,780
Total market value
$272,340
Applied tax rate
34.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,535 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CC3
APN
28-37-03-FC-00032.0-0007.00
UPID
US18-0478367
Jurisdiction
BREVARD
Zoning & alternative use
CC3 · Melbourne, FL
Zoning CC3 · permitted uses
CC3 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
M&a Partners LLC
Entity
Mailing address
125 E MERRITT IS CSWY #252, MERRITT ISLAND, FL 32952-3699
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
$535,000
M&a Partners LLC
Foo Bar INC
Warranty Deed
—
Nov 22, 2021
—
Foo Bar INC
—
Deed
related
$48,500 · Wealth Care LLC
Feb 20, 2020
—
Foo Bar INC
—
Deed
related
$70,000 · Wealth Care LLC
Sep 23, 2019
—
Foo Bar INC
—
Deed
related
$135,008 · Wealth Care LLC
Apr 9, 2019
—
Foo Bar INC
—
Deed
related
$108,000 · Wealth Care LLC
Aug 24, 2004
$250,000
Primp By Appointment Only INC
Kopuri,n R & Aparna
Warranty Deed
$240,000 · Central Florida Lincolnmercury
—
—
Foo Bar INC
—
Deed Of Trust
related
$108,000 · Wealth Care LLC
—
—
Foo Bar INC
—
Loan Modification
related
$135,008 · Wealth Care LLC
—
—
Foo Bar INC
—
Deed Of Trust
related
$611,271 · R Bruce Deardoff
—
—
Foo Bar INC
—
Deed Of Trust
related
$70,000 · Wealth Care LLC
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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