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Property profile & analytics
OFF-MARKET
Estimated value
$3,625,000
Industrial properties
1 Atlantic Ave, Cocoa Beach, FL 32931-2713
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1881576
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,289 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CG
APN
25-37-14-DD-00001.0-0001.01
UPID
US18-1881576
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
Current use
Occupant on record · Public records
-
Tropics Cocktail Bar Bar & Pub
-
Mar Chiquita - Cocoa Beach Boutique Dress Store Gift Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.63M
Owner & transaction history
1 Cb LLC · 1 yrs held
1 Cb LLC
since 2024
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
CG · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.7M
+113.0%
Restaurant
$3.2M
+43.3%
Office building
$2.2M
+0.1%
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 Cocoa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,200,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,690,000
Change: +113% · Conversion: Moderate
RESTAURANT
$3,155,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$2,205,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$3.63M
Range $3.26M – $3.99M · ±10% · vs last sale $5.02M (Jul 30 2024)
Last sale anchor
$5.02M
Jul 30 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
$390 / 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
$27,849
Tax year 2023
Assessed value
$1,690,680
Assessed 2023
Previous assessed
$1,681,490
+0.5% YoY
Effective rate
1.65%
On assessed value
Assessed land
$137,500
Assessed improvement
$1,553,180
Land market value
$137,500
Improvement market value
$1,553,180
Total market value
$1,690,680
Applied tax rate
26.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
9
Total area
9,289 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CG
APN
25-37-14-DD-00001.0-0001.01
UPID
US18-1881576
Jurisdiction
BREVARD
Zoning & alternative use
CG · Cocoa Beach, FL
Zoning CG · permitted uses
CG · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
RESTAURANT
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
9
Lot
0.25 ac
Current owner
From public records · entity-resolved
1 Cb LLC
Entity
Mailing address
2099 NW PNE TREE WAY, STUART, FL 34994-8829
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$5,015,000
1 Cb LLC
Macland Ventures INC
Special Warranty Deed
$3,761,250 · Macland Ventures INC
Mar 2, 2018
$1,800,000
Macland Ventures INC
Macdonald,peter
Warranty Deed
—
Apr 6, 2005
$750,000
Peter Macdonald
Hepburn,mary K
Warranty Deed
$600,000 · Mary K Hepburn
—
—
Peter Macdonald
—
Loan Modification
related
$5,000 · 8200 Astronault LLC
—
—
Peter Macdonald
—
Deed Of Trust
related
$60,000 · Fidelity Bank Florida
—
—
Peter Macdonald
—
Deed Of Trust
related
$1,126,095 · Ava Adams INC
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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