New search
Property profile & analytics
OFF-MARKET
Parking lots & garages
Melbourne, FL 32935
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-6731488
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1951
Total area
1,824 SF
Lot
0.63 ac (27,443 SF)
Zoning code
C3
APN
27-37-16-25-00024.0-0001.00
UPID
US18-6731488
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
659 Property Acquisition LLC · 13 yrs held
659 Property Acquisition LLC
since 2012
5 recorded transactions
Zoning & alternative use
C3 · 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
$3,425
Tax year 2023
Assessed value
$183,840
Assessed 2023
Previous assessed
$187,160
-1.8% YoY
Effective rate
1.86%
On assessed value
Assessed land
$171,520
Assessed improvement
$12,320
Land market value
$171,520
Improvement market value
$12,320
Total market value
$183,840
Applied tax rate
43.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1951
Heating
NONE
Cooling
YES
Stories
1
Total area
1,824 SF
Lot
0.63 ac (27,443 SF)
Zoning code
C3
APN
27-37-16-25-00024.0-0001.00
UPID
US18-6731488
Jurisdiction
BREVARD
Zoning & alternative use
C3 · Melbourne, FL
Zoning C3 · permitted uses
C3 · 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
1951
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
659 Property Acquisition LLC
Entity
Mailing address
707 W EAU GALLIE BLVD, MELBOURNE, FL 32935-5958
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2012
$1,360,000
659 Property Acquisition LLC
Regions Bank
Special Warranty Deed
$1,581,000 · Branch Banking And Trust Co
Apr 9, 2012
$2,427,401
Regions Bk
Pjfsf & T Prop Acquisitions INC
Deed In Lieu Of Foreclosure
related
—
Feb 6, 2008
$250,000
Montreal Avenue Of Brevard LLC
A Long The Beach INC
Warranty Deed
—
—
—
A Long The Beach INC
—
Deed Of Trust
related
$202,500 · Velocity Commercial Capital
—
—
Pjfsf & T Prop Acquisitions INC
—
Deed Of Trust
related
$2,568,750 · Amsouth 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Own this property?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
