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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Shopping centers
Melbourne, FL 32935
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-6973732
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2002
Total area
5,128 SF
Lot
1.68 ac (73,181 SF)
Zoning code
RP
APN
27-37-17-76-00003.0-0001.00
UPID
US18-6973732
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
$1.12M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Walker & Walker Holdings LLC · 1 yrs held
Walker & Walker Holdings LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RP · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+126.2%
Office building
$1.4M
+102.6%
Auto repair, garage
$1.1M
+63.2%
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
$1,120,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Current use
COMMERCIAL (GENERAL)
$1,590,000
Change: +126% · Conversion: Easy
OFFICE BUILDING
$1,420,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,145,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.12M (Oct 11 2024)
Last sale anchor
$1.12M
Oct 11 2024
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
$218 / 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
$655
Tax year 2023
Assessed value
$20
Assessed 2023
Previous assessed
$20
+0.0% YoY
Effective rate
3,275.00%
On assessed value
Assessed land
$10
Assessed improvement
$10
Land market value
$10
Improvement market value
$10
Total market value
$20
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
2
Total area
5,128 SF
Lot
1.68 ac (73,181 SF)
Zoning code
RP
APN
27-37-17-76-00003.0-0001.00
UPID
US18-6973732
Jurisdiction
BREVARD
Zoning & alternative use
RP · Melbourne, FL
Zoning RP · permitted uses
RP · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
2
Lot
1.68 ac
Current owner
From public records · entity-resolved
Walker & Walker Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1290 W EAU GALLIE BLVD, MELBOURNE, FL 32935-5341
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
$1,120,000
Walker & Walker Holdings LLC
Jades Lc
Warranty Deed
—
Feb 3, 2023
—
Eau Gallie Mosswood Professional Pa
Eau Gallie Mosswood LLC
Intrafamily Transfer
related
—
Sep 12, 2005
$169,000
Flamingo Property Group LLC
Eau Gallie Mosswood LLC
Warranty Deed
$126,750 · Amsouth Bank
Jun 20, 2005
—
Pediatric Wizards Pa
—
Trustees Deed
related
$182,000 · Bank Brevard
Feb 25, 2005
$326,000
Richard C Wilson
Eau Gallie Mosswood LLC
Warranty Deed
—
Feb 15, 2005
$280,200
Pediatric Wizards Pa
Eau Gallie Mosswood LLC
Warranty Deed
$225,000 · Bank Brevard
—
—
Pediatric Wizards Pa
—
Deed Of Trust
related
$2,500 · Bank Brevard
—
—
Eau Gallie Mosswood LLC
—
Deed Of Trust
related
$463,065 · Bank Brevard
—
—
Richard C Wilson
—
Deed Of Trust
related
$460,000 · Wachovia Commercial Mortgage
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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