Property profile

Melbourne, FL 32904

OFF-MARKET
Shopping centers
Property ID
US18-7114307
0.38 ac lot Built 1999
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1999
Lot 0.38 ac (16,553 SF)
Zoning code C2
APN 28-37-05-77-00001.0-0007.00
UPID US18-7114307

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Melbourne, FL 32904
Melbourne metro Census 65022 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2020
Last sale
$525,000
4 recorded transactions
2020
$525,000
2005
$375,500
1984
$150,000
1969
Price N/A

Zoning & alternative use

C2 · Melbourne, FL
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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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