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Property profile & analytics
FOR SALE
Apartment buildings
1031 Park Dr Indian Harbour Beach, FL 32937
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2607748
For Sale
1 / 21
Contact for pricing
1031 Park Dr, Indian Harbour Beach, FL 32937
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,342 SF
Lot
1.17 ac (50,965 SF)
Zoning code
R3
APN
27-37-12-26-00000.0-0021.00
UPID
US18-2607748
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
$4.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$4.56M
Owner & transaction history
Ocean Harbour Rentals Group LLC · 3 yrs held
Ocean Harbour Rentals Group LLC
since 2023
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
R3 · Indian Harbour Beach, FL
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
Method
Estimation
Statistic approach
$4,340,000
ML approach
$4,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±10% · vs last sale $5.00M (Mar 3 2023)
Last sale anchor
$5.00M
Mar 3 2023
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
$297 / 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
$55,327
Tax year 2023
Assessed value
$3,902,230
Assessed 2023
Previous assessed
$3,795,590
+2.8% YoY
Effective rate
1.42%
On assessed value
Assessed land
$374,850
Assessed improvement
$3,527,380
Land market value
$374,850
Improvement market value
$3,527,380
Total market value
$3,902,230
Applied tax rate
41.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
16
Rooms
16
Total area
15,342 SF
Lot
1.17 ac (50,965 SF)
Zoning code
R3
APN
27-37-12-26-00000.0-0021.00
UPID
US18-2607748
Jurisdiction
BREVARD
Zoning & alternative use
R3 · Indian Harbour Beach, FLZoning R3 · permitted uses
R3 · Indian Harbour Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map 2023
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
16
Rooms
16
Lot
1.17 ac
Current owner
From public records · entity-resolved
Ocean Harbour Rentals Group LLC
Entity
Mailing address
610 SYCAMORE ST STE #160, KISSIMMEE, FL 34747-4937
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
$5,000,000
Ocean Harbour Rentals Group LLC
Pritz Properties LLC
Warranty Deed
$3,750,000 · Pritz Properties LLC
Aug 24, 2018
$3,025,000
Pritz Properties LLC
Administration Amiral INC
Warranty Deed
—
Dec 3, 2010
$1,200,000
Administration Amiral INC
Ali,vidiawatee
Warranty Deed
—
Apr 18, 1997
—
Vidiawatee Ali
Ali,anthony
Quit Claim Deed
related
—
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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