1480 Dorchester Ave is a 1,336 sq ft Single Family in West Melbourne. It was built in 1979. 1480 Dorchester Ave sits on 0.23 acres of land. In 2016 similar properties sold for between $15,292 and $120,783. We estimate the income value of 1480 Dorchester Ave at $19,311. The assumptions we used to calculate this value are include in the spreadsheet linked below. West Melbourne is in Brevard County, Florida.

1480 Dorchester Ave Property Summary

1480 Dorchester Ave
West Melbourne
FL 32904

Property Size:1,336 sq ft
Year Built:1979
Property Class:C2
Lat, Long: 28.075, -80.646

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.

Google Street View  of 1480 Dorchester Ave, West Melbourne, FL 32904
Estimated Value: 1480 Dorchester Ave

Market Data

In 2016 class A single family properties in West Melbourne sold for $131.28 to 381.75 per sq ft with a median price per sq ft of $146.38. Class B properties sold for $90.92 to 131.27 per sq ft with a median of $112.19 and class C properties sold for $11.51 to 90.91 per sq ft with a median of $80.16.

Market Valuation

1480 Dorchester Ave appears to be a C Class property. Suggested value: $106,501

Value120,783 106,501 15,292

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $19,311. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 1480 Dorchester Ave:

  • The Household Income estimate assumes the tenant has a total household income of $36,602 and spends 33% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $1,007
Household Income - Renters $715
Market Rents $512
Price/Ft $849

Expense Estimates:

  • Census data records show 8% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 1480 Dorchester Ave. 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.

Monthly Rent512
Annual Rent per Sq Ft5.00
Gross Annual Rent6,149
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount799
HOA, Utilities and CAM0
Property Taxes1,305
Management Fees615
Cap Rate9
Estimated Value19,311
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

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 $65,996. The bottom 10% of the population earn less than $23,217 per year. The top 10% earn more than $150,879 per year. The top 1% earn more than $414,648 per year. Most renters earn between $28,332 (20th percentile) and $50,268 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $131,992 and $164,990.

The tax assessed value of this property places it in percentile 22 of all properties in this area. This suggests it would appeal to someone earning around $36,602 per year who should qualify for a mortgage between $73,204 and $91,505.

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 $847. Most renters earn between $2,361 and $4,189 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $608 (20th percentile) to $1,140 (80th percentile) range. The residential vacancy rate is 8%.

This property falls in percentile 22 of all properties in this area. This corresponds to a rent of $625 per month and a monthly household income of $2,435 ($29,220 per year)


  1. 1480 Dorchester Ave, West Melbourne, FL on Zillow
  2. Recent Sales near 1480 Dorchester Ave, West Melbourne, FL on Realtor.com
  3. 1480 Dorchester Ave, West Melbourne, FL on Google Maps
  4. 1480 Dorchester Ave Walkscore
  5. West Melbourne, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites


BuildingYear BuiltSizeUsageFeatures
Building 1 1979 1,336.00 Single Family Residence Plywd/T111 Exterior, Wood Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage,

Owner Details

Companies near this Address

  1. Financial Concepts Of Florida, L.L.C. (403 Murano Dr)
  2. Flog, Inc. (413 Murano Dr)
  3. Naber Plumbing, Inc. (175 Sunset Dr)
  4. Southland Of Brevard, Inc. (2840 Sunset Dr)
  5. Modern Concrete Design, Inc. (253 Adamo Way)
  6. Satellite Jsk LLC (212 Midori Way)
  7. Jsk Resources Inc (212 Midori Way)
  8. Quteness, LLC (271 Midori Way)

Sales History

DateSold BySold ToDeed TypePrice
04/24/1973 Seller: 672847 Buyer: 676316 Warranty Deed/Special Warranty Deed 0.00
10/01/1981 Seller: 435697 Buyer: 676314 Warranty Deed/Special Warranty Deed 50,000.00
08/29/1988 Seller: 676314 Buyer: 200792 Warranty Deed/Special Warranty Deed 50,000.00
04/01/2016 Seller: 200792 Buyer: 10993987 Unknown 81,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.