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Property profile & analytics
OFF-MARKET
Turn key restaurants
1011 Eau Gallie Blvd, Indian Harbour Beach, FL 32937-4923
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4288149
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Construction
WOOD
Total area
3,766 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CP
APN
27-37-13-00-00005.0-0000.00
UPID
US18-4288149
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
Melbourne Beach LLC · 23 yrs held
Melbourne Beach LLC
since 2002
3 recorded transactions
Zoning & alternative use
CP · Indian Harbour Beach, 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 Indian Harbour Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Harbour 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
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
$13,585
Tax year 2023
Assessed value
$682,180
Assessed 2023
Previous assessed
$639,950
+6.6% YoY
Effective rate
1.99%
On assessed value
Assessed land
$509,640
Assessed improvement
$172,540
Land market value
$509,640
Improvement market value
$172,540
Total market value
$682,180
Applied tax rate
53.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,766 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CP
APN
27-37-13-00-00005.0-0000.00
UPID
US18-4288149
Jurisdiction
BREVARD
Zoning & alternative use
CP · Indian Harbour Beach, FL
Zoning CP · permitted uses
CP · Indian Harbour Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indian Harbour Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Melbourne Beach LLC
Entity
Mailing address
1210 MICHIGAN AVE, MIAMI BEACH, FL 33139-3808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Aark Hospitality Indian Harbor Fr L
—
Deed
related
$1,725,000 · Republic First Bank
Aug 8, 2002
$3,205,500
Melbourne Beach LLC
Sunshine Portfolio Ltd I
Grant Deed
$6,100,000 · Bankatlantic Fsb
Aug 5, 2002
$3,205,500
Melbourne Beach LLC
Sunshine Portfolio Ltd I
Grant Deed
$6,100,000 · Bankatlantic Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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