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Property profile & analytics
OFF-MARKET
Commercial real estate
Melbourne, FL 32901
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-6440280
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
WOOD
Total area
792 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C2
APN
28-37-02-80-00000.0-0019.01
UPID
US18-6440280
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
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
Fernandes Estefania · 3 yrs held
Fernandes Estefania
since 2023
Last sale
$92,500
3 recorded transactions
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public. The types of uses and other restriction are intended to promote adequate protection from conflicts with adjacent residential and other non…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
738.11 ac
Source
Realmo
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
$1,067
Tax year 2023
Assessed value
$43,790
Assessed 2023
Previous assessed
$41,900
+4.5% YoY
Effective rate
2.44%
On assessed value
Assessed land
$7,500
Assessed improvement
$36,290
Land market value
$7,500
Improvement market value
$36,290
Total market value
$43,790
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
792 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C2
APN
28-37-02-80-00000.0-0019.01
UPID
US18-6440280
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Melbourne, FLZoning C2 · permitted uses
C2 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public. The types of uses and other restriction are intended to promote adequate protection from conflicts with adjacent residential and other noncommercial uses, and to minimize the interruption of traffic along adjacent thoroughfares.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
738.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
4
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Fernandes Estefania
Individual
Free & Clear · 3 yrs held
Mailing address
1509 TATE ST, COCOA, FL 32922-6532
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
$92,500
Fernandes Estefania
Greater Equity LLC
Warranty Deed
—
Oct 18, 2022
$40,000
Greater Equity LLC
Eyvonne Whitmire
Warranty Deed
—
Oct 21, 2016
$10,000
Eyvonne Whitmire
Rooks,roswell
Warranty Deed
$15,000 · Charles Jackson
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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