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    Property profile & analytics

    901 New Hvn Ave Melbourne, FL 32901-5615

    • Strip malls
    • 12,482 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $2,335,000
    Last Sale
    May 11, 2022
    $2,300,000
    Location Intelligence
    Property ID
    US18-0518914
    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

    • Re Creations / Consignment Shop
    • El Mojito restaurant ,Bar & Lounge / Cuban Restaurant
    • Mugsy's On Main / Restaurant
    • Precision Lightworks LLC / Graphic Designer

    Property Details for 901 New Hvn Ave

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    12,482 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    28-37-03-FC-00026.0-0004.01
    APU
    283703FC000260000401

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,350,000
      6.5%
      $2,245,000
      7%
      $2,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,040,000
      Geo Method
      $2,190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,665,000
      Retail
      $2,085,000
      Mixed-Use
      $2,585,000
      Hospitality
      $2,035,000
      Educational
      $2,145,000
      Residential Income
      $2,115,000
      Energy
      $2,030,000
      Income-Based Land
      $2,465,000
      Food Service
      $2,610,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6059
    Latitude
    28.078
    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
    $30,605
    $330,600
    $1,402,520
    $1,733,120
    -
    $330,600
    $1,402,520
    $1,733,120

    Comparable in this City

    • Value Estimation by Request
      53,315 SF

      Melbourne, FL 32901

      SHOPPING CENTER, STRIP CENTER • 53,315 SF
      Melbourne, FL 32901
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    • Value Estimation by Request
      12,070 SF

      1906 Municipal Ln

      SHOPPING CENTER, STRIP CENTER • 12,070 SF
      1906 Municipal Ln, Melbourne, FL 32901-4702
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    • Value Estimation by Request
      12,592 SF

      902 New Hvn Ave

      SHOPPING CENTER, STRIP CENTER • 12,592 SF
      902 New Hvn Ave, Melbourne, FL 32901-5439
      View Details
    • Value Estimation by Request
      116,802 SF

      765 Babcock St

      SHOPPING CENTER, STRIP CENTER • 116,802 SF
      765 Babcock St, Melbourne, FL 32901-1461
      View Details
    • Value Estimation
      $195,000
      3,300 SF

      1917 Depot Dr

      SHOPPING CENTER, STRIP CENTER • 3,300 SF
      1917 Depot Dr, Melbourne, FL 32901-4716
      View Details
    • Value Estimation by Request
      8,345 SF

      2001 Vernon Pl

      SHOPPING CENTER, STRIP CENTER • 8,345 SF
      2001 Vernon Pl, Melbourne, FL 32901-5440
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,916,640 SF

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      Prime FL location, massive development potential.
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    • $2,300,000
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      High-Visibility Melbourne Retail Center
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      0.42 Acres

      Melbourne Retail Land Investment Opportunity

      Prime Midtown Melbourne location, C-2 zoning, gas station build-out plans.
      429 Babcock St, Melbourne, FL 32901
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    • $1,950,000
      7,833 SF

      Jessups of Melbourne: Prime Retail Space

      Melbourne Storefront, 7,833 SF, High Income Potential
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    Similar Nearby for Lease

    • 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
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      Retail Space in Nasa Plaza

      Retail space available in Melbourne, Florida shopping center.
      765 S Babcock St E, Melbourne, FL 32901
      View Details
    • $9 SF/Yr
      1,260 SF

      Retail Space Near US 1

      Retail suites available near US 1 and Melbourne Airport.
      725-769 S Apollo Blvd, Melbourne, FL 32901
      View Details
    • Contact for pricing
      7,875 SF

      Retail Space in Prime Location

      Strategically located retail space in Melbourne/Palm Bay area.
      4850-5000 Stack Blvd, Melbourne, FL 32901
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    • Contact for pricing
      3,721 SF

      Melbourne Showroom: Prime Retail Space

      3,721 SF Retail Space - For Lease
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      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
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    901 New Hvn Ave
    Melbourne, FL 32901-5615
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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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