Property profile

8674 Illinois Ave Melbourne, FL 32904

FOR SALE
Residential land & home lots
Property ID
US18-9855212
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Property summary

AI-generated overview

Back on Market due to buyer illness. Rare 1/2 acre in June Park! This is an old property wrapping the block on 3 streets. Lots of lush growth encased with chain link fence all around. There are 3 drive through gate openings to bring in your vehicles and equipment. The east half of the property has been cleared to build the dream home. Take note the existing house has problems and will need much renovation or just tear down. The owner will make NO improvements so use an AS IS contract to offer. The possibilities are wide open here - bring your dreams and your chickens!!

Property profile

Verified
Property type Residential land & home lots
UPID US18-9855212

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8674 Illinois Ave Melbourne, FL 32904
Melbourne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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