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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Car washes
950 Hbr City Blvd Melbourne, FL 32935-7078
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0680118
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,209 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CC2
APN
27-37-21-00-00270.0-0000.00
UPID
US18-0680118
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
-
Pit Stop Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$515k
Owner & transaction history
2jac LLC · 9 yrs held
2jac LLC
since 2017
7 recorded transactions
Zoning & alternative use
CC2 · 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
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$122 / 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
$13,213
Tax year 2023
Assessed value
$722,690
Assessed 2023
Previous assessed
$696,190
+3.8% YoY
Effective rate
1.83%
On assessed value
Assessed land
$285,190
Assessed improvement
$437,500
Land market value
$285,190
Improvement market value
$437,500
Total market value
$722,690
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
4,209 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CC2
APN
27-37-21-00-00270.0-0000.00
UPID
US18-0680118
Jurisdiction
BREVARD
Zoning & alternative use
CC2 · Melbourne, FL
Zoning CC2 · permitted uses
CC2 · 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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
2jac LLC
Entity
Mailing address
3004 NW 130TH TER APT #552, SUNRISE, FL 33323-3954
Ownership since
2017
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
Jan 22, 2019
—
2jac LLC
—
Deed
related
$668,000 · Centennial Bk
Jan 10, 2019
—
2jac LLC
—
Deed
related
$1,082,948 · Centennial Bk
Apr 11, 2017
$750,000
2jac LLC
Da Kraus & Sonllc
Warranty Deed
related
—
Apr 25, 2014
$650,000
D A Kraus & Son LLC
Florida Car Wash II
Warranty Deed
$740,000 · Celtic Bank Corporation
May 9, 2002
$175,000
Margaret Fonda
Dickson,caroline I
Grant Deed
$100,000 · First Choice Mortgage
Dec 28, 1999
$400,000
Florida Car Wash II INC
Harrington,robert L
Grant Deed
$400,000 · Bank Of Brevard
—
—
2jac LLC
—
Loan Modification
related
$668,000 · Centennial Bk
—
—
Florida Car Wash II INC
—
Deed Of Trust
related
$1,100,000 · Riverside National Bank
—
—
2jac LLC
—
Deed Of Trust
related
$1,082,948 · Centennial Bk
—
—
Florida Car Wash II INC
—
Deed Of Trust
related
$100,000 · First Business 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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