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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Bed & breakfasts
907 Melbourne Ave Melbourne, FL 32901-5578
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7967596
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1925
Construction
WOOD
Total area
3,906 SF
Lot
0.31 ac (13,504 SF)
Zoning code
R3 (15)
APN
28-37-03-FC-00027.0-0003.00
UPID
US18-7967596
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
-
Crane Creek Inn Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.40M
Owner & transaction history
Property Marks LLC · 4 yrs held
Property Marks LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R3 (15) · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+17.5%
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
$1,480,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,030,000
Current use
COMMERCIAL (GENERAL)
$1,210,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.30M (Sep 17 2021)
Last sale anchor
$1.30M
Sep 17 2021
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
$358 / 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
$17,847
Tax year 2023
Assessed value
$1,005,000
Assessed 2023
Previous assessed
$930,000
+8.1% YoY
Effective rate
1.78%
On assessed value
Assessed land
$240,000
Assessed improvement
$765,000
Land market value
$240,000
Improvement market value
$765,000
Total market value
$1,005,000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
3,906 SF
Lot
0.31 ac (13,504 SF)
Zoning code
R3 (15)
APN
28-37-03-FC-00027.0-0003.00
UPID
US18-7967596
Jurisdiction
BREVARD
Zoning & alternative use
R3 (15) · Melbourne, FL
Zoning R3 (15) · permitted uses
R3 (15) · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$875,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Property Marks LLC
Entity
Mailing address
1900 S HBR CITY BLVD STE #126, MELBOURNE, FL 32901-4788
Ownership since
2021
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
Sep 17, 2021
$1,300,000
Property Marks LLC
Gypsy Getaways LLC
Warranty Deed
$1,040,000 · Community Cu Of Florida
Apr 11, 2019
$780,000
Gypsy Getaways LLC
Marigobay LLC
Warranty Deed
$683,000 · Oculina Bank
Jan 28, 2010
$500,000
Marigobay LLC
Bruce R Shearer
Warranty Deed
$400,000 · Branch Banking And Trust Co
Jan 15, 2002
$425,000
Jeffrey C Chancey
Corey,william R
Grant Deed
—
Dec 13, 2001
$91,200
William R Corey
Corey,william R & Jeffrey
Grant Deed
related
$190,000 · Mortgageamerica INC
—
—
William R Corey
—
Deed Of Trust
related
$50,000 · Nationsbank
—
—
William R Corey
—
Deed Of Trust
related
$268,800 · Chase Manhattan Mortgage Corp
—
—
William R Corey
—
Deed Of Trust
related
$75,098 · Barnett Bank
—
—
Bruce R Shearer
—
Deed Of Trust
related
$300,000 · Bank Brevard
—
—
Bruce R Shearer
—
Deed Of Trust
related
$450,000 · Coastal Bank
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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