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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Apartment buildings
1170 Patrick Dr 1 Satellite Beach, FL 32937-3902
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-6083825
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,394 SF
Lot
1.38 ac (60,113 SF)
Zoning code
RM2
APN
26-37-34-00-00011.1-0000.00
UPID
US18-6083825
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
$2.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Tirzah Lissak LLC · 13 yrs held
Tirzah Lissak LLC
since 2012
5 recorded transactions
Zoning & alternative use
RM2 · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of the RM2 district are intended to apply to an area of medium-density residential development for three- or more family units.
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
31.86 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,285,000
6.5%
$2,110,000
7%
$1,960,000
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±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
$133 / 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
$53,147
Tax year 2023
Assessed value
$3,834,730
Assessed 2023
Previous assessed
$3,520,720
+8.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$283,500
Assessed improvement
$3,551,230
Land market value
$283,500
Improvement market value
$3,551,230
Total market value
$3,834,730
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
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
12
Rooms
36
Total area
13,394 SF
Lot
1.38 ac (60,113 SF)
Zoning code
RM2
APN
26-37-34-00-00011.1-0000.00
UPID
US18-6083825
Jurisdiction
BREVARD
Zoning & alternative use
RM2 · Satellite Beach, FLZoning RM2 · permitted uses
RM2 · Satellite Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of the RM2 district are intended to apply to an area of medium-density residential development for three- or more family units.
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
31.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
12
Rooms
36
Lot
1.38 ac
Current owner
From public records · entity-resolved
Tirzah Lissak LLC
Entity
Mailing address
150 COCOA ISLE BLVD STE #202, COCOA BEACH, FL 32931-3093
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
Tirzah Lissak LLC
—
Deed
related
$3,055,000 · Orix R/e Cap
Nov 5, 2012
$1,200,000
Tirzah Lissak LLC
Eso Satellite Arms LLC
Warranty Deed
$1,300,000 · Sunrise Bank
May 22, 2012
—
Eso Satellite Arms LLC
Comvest Cap Satellite Arms INC
Deed In Lieu Of Foreclosure
related
—
Jan 17, 2006
$4,225,000
Comvest Cap Satellite Arms INC
Anelli,mike
Warranty Deed
$4,500,000 · USA Commercial Mortgage Co
—
—
Tirzah Lissak LLC
—
Deed Of Trust
related
$3,055,000 · Orix R/e Cap
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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