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Property profile & analytics
OFF-MARKET
Office buildings
924 Garfield St Melbourne, FL 32935-4065
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0166806
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
WOOD
Total area
3,303 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RP
APN
27-37-20-26-0000A.0-0020.00
UPID
US18-0166806
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
-
Douglas Commercial HVAC Repair Big Box & Wholesale Store Building Supply
-
Lisa's Mortgage Services Loan Service Bank
-
My Place Forever Space Of Remembrance
-
John Moore Window Cleaning General Contractor Renovation Specialist
-
CleverBoss | Paid Search, Buttoned Up ™️ Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Heat Rhythm Consultants Of Melbourn · 2 yrs held
Heat Rhythm Consultants Of Melbourn
since 2024
Last sale
$399,000
7 recorded transactions
Zoning & alternative use
RP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,045
Tax year 2023
Assessed value
$353,270
Assessed 2023
Previous assessed
$353,270
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$63,530
Assessed improvement
$289,740
Land market value
$63,530
Improvement market value
$289,740
Total market value
$353,270
Applied tax rate
53.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
3,303 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RP
APN
27-37-20-26-0000A.0-0020.00
UPID
US18-0166806
Jurisdiction
BREVARD
Zoning & alternative use
RP · Melbourne, FL
Zoning RP · permitted uses
RP · 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
1957
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Heat Rhythm Consultants Of Melbourn
Individual
Mailing address
7647 S TROPICAL TRL, MERRITT ISLAND, FL 32952-6716
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$399,000
Heat Rhythm Consultants Of Melbourn
Fontaine Insurance Agency INC
Warranty Deed
—
Oct 4, 2021
$375,000
Fontaine Insurance Agency INC
Palmgray Investments LLC
Warranty Deed
—
Mar 23, 2018
$242,500
Palmgray Investments LLC
Fcb Reo Dept LLC
Grant Deed
—
Jul 14, 2017
$303,200
Fcb Reo Dept LLC
J & S Investment Co LLC
Grant Deed
—
Nov 8, 2006
$300,000
J & S Investment Co LLC
Pozgar,christopher R
Warranty Deed
$200,000 · Christopher Pozgar
Oct 1, 2006
—
Record Owner
Owner,record
Grant Deed
related
—
—
—
J & S Investment Co LLC
—
Deed Of Trust
related
$330,000 · Coastal Bank
—
—
J & S Invs LLC
—
Loan Modification
related
$327,497 · Florida Community 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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