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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
117 Barlow Ave Cocoa Beach, FL 32931-3903
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-6295576
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,154 SF
Lot
0.23 ac (10,019 SF)
Zoning code
BU1
APN
24-37-26-26-00000.0-0002.00
UPID
US18-6295576
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
-
Cocoa Beach Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$790k
Owner & transaction history
Mellisa Coates · 9 yrs held
Mellisa Coates
since 2016
7 recorded transactions
Zoning & alternative use
BU1 · Cocoa 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 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%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$510,000
Current use
COMMERCIAL (GENERAL)
$510,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
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
$367 / 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
$5,166
Tax year 2023
Assessed value
$409,780
Assessed 2023
Previous assessed
$409,170
+0.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$282,000
Assessed improvement
$127,780
Land market value
$282,000
Improvement market value
$127,780
Total market value
$409,780
Applied tax rate
2,600.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
2,154 SF
Lot
0.23 ac (10,019 SF)
Zoning code
BU1
APN
24-37-26-26-00000.0-0002.00
UPID
US18-6295576
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Cocoa Beach, FLZoning BU1 · permitted uses
BU1 · Cocoa 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
OFFICE BUILDING Current
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$510,000
OFFICE BUILDING Current
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
5
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mellisa Coates
Individual
Mailing address
524 HIDDEN HOLW DR, MERRITT ISLAND, FL 32952-4064
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2016
$316,700
Mellisa Coates
Rashid,abdur
Warranty Deed
$256,000 · Space Coast Cu
Sep 15, 2015
—
Rashid,abdur & Phillips F Trust
Messer,jim & Sandra J
Quit Claim Deed
related
—
Nov 30, 2012
—
Messer Family Trust
Messer,jimmy J
Quit Claim Deed
related
—
Jul 9, 2010
—
Rashid Abdur Trust
Phillips,fatima C
Quit Claim Deed
related
—
May 21, 2010
—
Lagges Kyriacos J & M Trust
Lagges,kyriacos
Quit Claim Deed
related
—
May 26, 2004
$275,000
Fatima Phillips
Golonka,milly F
Warranty Deed
—
Sep 18, 2002
—
Milly F Golonka
Golonka,tr
Quit Claim Deed
related
$166,500 · Contemporary Mortgage Svcs INC
Jul 26, 2001
$115,000
Milly F Golonka
Weinberg,robert
Grant Deed
$92,000 · Countrywide Home Loans INC
May 5, 1997
$90,000
Robert Weinberg
Guardian Angel Nursery & Pre
Grant Deed
$72,000 · Seller
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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