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Property profile & analytics
FOR SALE
Commercial land
118 N Atlantic Ave Cocoa Beach, FL 32931
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-2349185
For Sale
1 / 3
$849,999
118 N Atlantic Ave, Cocoa Beach, FL 32931
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1939
Construction
WOOD FRAME
Total area
3,548 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CN
APN
25-37-11-DC-00101.0-0003.00
UPID
US18-2349185
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
-
Betty's Bombastic Blinds Hardware & Home Improvement Home Decor Store
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
Rachael L Mcmurray · 2 yrs held
Rachael L Mcmurray
since 2024
Last sale
$420,000
5 recorded transactions
Zoning & alternative use
CN · 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
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
$2,473
Tax year 2023
Assessed value
$151,200
Assessed 2023
Previous assessed
$151,200
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$151,200
Land market value
$151,200
Total market value
$151,200
Applied tax rate
26.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1939
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,548 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CN
APN
25-37-11-DC-00101.0-0003.00
UPID
US18-2349185
Jurisdiction
BREVARD
Zoning & alternative use
CN · Cocoa Beach, FL
Zoning CN · permitted uses
CN · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1939
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Rachael L Mcmurray
Individual
Free & Clear · 2 yrs held
Mailing address
8932 S LAGUNA LN W UNIT #301, CAPE CANAVERAL, FL 32920-4615
Ownership since
2024
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
Jul 9, 2024
$873,000
Rachael L Mcmurray
Wanda G Floyd
Special Warranty Deed
—
Jun 1, 2021
$420,000
Wanda G Floyd
Shell Ring I LLC
Warranty Deed
—
Nov 1, 2016
$450,000
Shell Ring I LLC
Di Palermo LLC
Warranty Deed
$360,000 · Florida Business Bank
Jul 25, 2011
$165,000
Di Palermo LLC
Mango Tree Restaurant INC
Warranty Deed
$100,000 · Apollo Corapi
Jan 19, 2011
—
Mango Tree Restaurant INC
Eric Jacoby Ents INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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