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    Property profile & analytics

    961 Aurora Rd Melbourne, FL 32935

    • Strip malls
    • 22,612 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    $615,000
    Location Intelligence
    Property ID
    US18-5980099
    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

    • Strip malls

    Property Details for 961 Aurora Rd

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.02 lot acres
    Property size
    22,612 SF
    Zone code
    M1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    27-37-16-25-00000.0-0011.06
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $745,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $800,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $810,000
      Retail
      $755,000
      Mixed-Use
      $795,000
      Hospitality
      $815,000
      Educational
      $605,000
      Residential Income
      $760,000
      Energy
      $605,000
      Income-Based Land
      $710,000
      Food Service
      $830,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6348
    Latitude
    28.1338
    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
    $14,201
    $194,610
    $618,970
    $813,580
    -
    $194,610
    $618,970
    $813,580

    Comparable in this City

    • Value Estimation by Request
      5,413 SF

      28 Laurie St

      SHOPPING CENTER, STRIP CENTER • 5,413 SF
      28 Laurie St, Melbourne, FL 32935-6738
      View Details
    • Value Estimation by Request
      18,444 SF

      4100 Wickham Rd Ste, Unit 123

      SHOPPING CENTER, STRIP CENTER • 18,444 SF
      4100 Wickham Rd Ste, Melbourne, FL 32935-2483
      View Details
    • Value Estimation
      $6,640,000
      53,744 SF

      3440 Hbr City Blvd

      SHOPPING CENTER, STRIP CENTER • 53,744 SF
      3440 Hbr City Blvd, Melbourne, FL 32935-5713
      View Details
    • Value Estimation by Request
      27,616 SF

      401 Wickham Rd

      SHOPPING CENTER, STRIP CENTER • 27,616 SF
      401 Wickham Rd, Melbourne, FL 32935-8627
      View Details
    • Value Estimation by Request
      35,375 SF

      642 Wickham Rd

      SHOPPING CENTER, STRIP CENTER • 35,375 SF
      642 Wickham Rd, Melbourne, FL 32935-8771
      View Details
    • Value Estimation
      $220,000
      1,166 SF

      522 Babcock St

      SHOPPING CENTER, STRIP CENTER • 1,166 SF
      522 Babcock St, Melbourne, FL 32935-6839
      View Details

    Similar Nearby for Sale

    • $599,900

      Melbourne Retail Property - Prime Location

      High-traffic retail space with ample parking.
      1918 Aurora Rd, Melbourne, FL 32935
      View Details
    • $1,900,000

      Melbourne Retail Investment Opportunity

      Prime US-1 location, 2 units, high traffic.
      2715 Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $699,000

      Melbourne Retail Investment Opportunity

      Two-unit building, prime location, $699,000
      476 Babcock St, Melbourne, FL 32935
      View Details
    • $1,350,000
      2,500 SF

      Melbourne Retail Corner Lot - $1.35M

      High-traffic retail space, ideal for QSR or carwash.
      2065 Wickham Rd, Melbourne, FL 32935
      View Details
    • $250,000
      3,500 SF

      Established Restaurant in Prime Location

      Turn-key restaurant opportunity in high-traffic Melbourne, Florida plaza.
      2110 Sarno Rd, Melbourne, FL 32935
      View Details
    • $624,000
      2,397 SF

      Retail Building in Developing Area

      Free-standing building in a rapidly developing business district.
      476 N Babcock St, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,400 SF

      Retail Space Near Amazon Center

      Neighborhood shopping center with high visibility and multiple access points.
      1270 N Wickham Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      14,781 SF

      Retail Space in Northgate Center

      Retail space available in Melbourne's Northgate Shopping Center.
      1874 N Wickham Rd, Melbourne, FL 32935
      View Details
    • $2,214 /Mo
      18,670 SF

      Retail Space in High-Traffic Plaza

      Prime retail space available in a high-traffic Melbourne shopping plaza.
      424 N Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $14 SF/Yr
      80,196 SF

      Melbourne Office Space for Lease

      Prime Office Space, Beachfront Access
      1220 Sarno Rd, Melbourne, FL 32935
      View Details
    • $114,100

      Retail Space Near Airport

      Retail spaces available in a high-traffic location near Melbourne Airport.
      1202-1292 Sarno Rd, Melbourne, FL 32935
      View Details
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    961 Aurora Rd
    Melbourne, FL 32935
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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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