341 Tuscany Way is a 320,346 sq ft Multi-family - 10 units or more in Melbourne. It was built in 2000. 341 Tuscany Way sits on 30.50 acres of land. In 2015 similar properties sold for between $46,459,780 and $134,542,117. We estimate the income value of 341 Tuscany Way at $19,845,029. The assumptions we used to calculate this value are include in the spreadsheet linked below. Melbourne is in Brevard County, Florida.

341 Tuscany Way Property Summary

341 Tuscany Way
Bldg8
Melbourne
FL 32940

Property Size:320,346 sq ft
Acreage:30.50
Year Built:2000
Property Class:B4
Lat, Long: 28.233, -80.700

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

341 Tuscany Way, Melbourne, FL 32940
Estimated Value: 341 Tuscany Way

Market Data

In 2015 class A multi-family - 10 units or more properties in Melbourne sold for $420.00 to 420.00 per sq ft with a median price per sq ft of $420.00. Class B properties sold for $145.03 to 419.99 per sq ft with a median of $145.02 and class C properties sold for $47.87 to 145.02 per sq ft with a median of $145.02.

Market Valuation

341 Tuscany Way appears to be a B Class property. Suggested value: $46,456,577

HighMedianLow
Value134,542,117 46,456,577 46,459,780

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $19,845,029. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 341 Tuscany Way. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent222,107
Annual Rent per Sq Ft8.32
Gross Annual Rent2,665,279
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount399,792
Maintenance166,580
HOA, Utilities and CAM0
Property Taxes308,400
Insurance310,736
Management Fees90,619
NOI1,389,152
Cap Rate7
Estimated Value19,845,029
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $62,468. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $145,332 per year. The top 1% earn more than $390,929 per year. Most renters earn between $28,824 (20th percentile) and $50,820 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,936 and $156,170.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $871. Most renters earn between $2,402 and $4,235 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $635 (20th percentile) to $1,227 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 341 Tuscany Way, Melbourne, FL on Google Maps
  2. 341 Tuscany Way Walkscore
  3. Melbourne, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Documents

  1. 341 Tuscany Way Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 2000 26,828.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage,
Building 10 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 11 2000 26,828.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 2 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 3 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 4 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 5 2000 9,506.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 6 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 7 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 8 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 9 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,

Owner Details

Companies near this Address

  1. Deesigns Creative Services & Marketing LLC (320 Tuscany Way)
  2. Godental Investments LLC (340 Tuscany Way)
  3. Garden Splendor Inc (320 Tuscany Way)

Sales History

DateSold BySold ToDeed TypePrice
07/14/1999 Seller: 518491 Buyer: 134400 Warranty Deed/Special Warranty Deed 1,218,000.00
Disclaimers and Disclosures

Public Records Data

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