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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Retail space
106 Hwy A1a Satellite Beach, FL 32937-2042
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-0698641
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,393 SF
Lot
0.69 ac (30,056 SF)
Zoning code
BU1
APN
26-37-23-26-00014.0-0002.00
UPID
US18-0698641
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
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$980k
Owner & transaction history
Theodore Petikas · 1 yrs held
Theodore Petikas
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
BU1 · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+80.5%
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 Satellite Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Satellite 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
$965,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Change: +80% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.18M (May 23 2023)
Last sale anchor
$1.18M
May 23 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
$410 / 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
$7,942
Tax year 2023
Assessed value
$551,660
Assessed 2023
Previous assessed
$544,950
+1.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$420,000
Assessed improvement
$131,660
Land market value
$420,000
Improvement market value
$131,660
Total market value
$551,660
Applied tax rate
4,100.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,393 SF
Lot
0.69 ac (30,056 SF)
Zoning code
BU1
APN
26-37-23-26-00014.0-0002.00
UPID
US18-0698641
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Satellite Beach, FLZoning BU1 · permitted uses
BU1 · Satellite Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$740,000
COMMERCIAL (GENERAL)
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Theodore Petikas
Individual
Free & Clear · 1 yrs held
Mailing address
2469 N JOHN YOUNG PKWY STE C, ORLANDO, FL 32804-4124
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Theodore Petikas
Mayfair Ship Supplies INC
Quitclaim Deed
related
—
May 23, 2023
$1,175,000
Satellite Outparcel LLC
J And K Holdings Company INC
Special Warranty Deed
$1,900,000 · First National Bank Of Pasco
Dec 23, 2019
$1,505,000
J & K Holdings Co INC
Donald Fanning & Sons INC
Grant Deed
—
Mar 14, 2013
$1,505,000
Donald Fanning & Sons INC
Ardmore Properties INC
Grant Deed
—
Jul 20, 2012
$350,000
Ardmore Properties INC
Coastal Management Svcs INC
Warranty Deed
—
Jul 20, 2012
—
Ardmore Properties INC
Coastal Management Svcs INC
Warranty Deed
$900,000 · Reunion Bank Of Florida
Aug 11, 2009
$325,000
Coastal Management Svcs INC
Par 2 Din INC Coc
Trustees Deed
related
—
—
—
Par 2-din INC
—
Deed Of Trust
related
$330,000 · Coastal Bank
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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