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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Medical Office Space
1186 Hwy A1a Satellite Beach, FL 32937-2479
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0194124
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,120 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C
APN
26-37-35-01-00005.0-0021.00
UPID
US18-0194124
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
$630k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$635k
Owner & transaction history
Chabad Of The Space Coast INC · 6 yrs held
Chabad Of The Space Coast INC
since 2020
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
C · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of the C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on the same lot, at locations having access to a collector or arterial roadway.
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.85 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$965,000
+93.5%
Auto repair, garage
$695,000
+39.6%
Office building
$680,000
+36.6%
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
$680,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$500,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +37% · Conversion: Easy
RETAIL STORES
$535,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$405,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $655k (Mar 12 2020)
Last sale anchor
$655k
Mar 12 2020
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
$204 / 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
$950
Tax year 2023
Assessed value
$511,820
Assessed 2023
Previous assessed
$446,500
+14.6% YoY
Effective rate
0.19%
On assessed value
Assessed land
$380,240
Assessed improvement
$131,580
Land market value
$380,240
Improvement market value
$131,580
Total market value
$511,820
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,120 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C
APN
26-37-35-01-00005.0-0021.00
UPID
US18-0194124
Jurisdiction
BREVARD
Zoning & alternative use
C · Satellite Beach, FLZoning C · permitted uses
C · 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 C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on the same lot, at locations having access to a collector or arterial roadway.
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$695,000
OFFICE BUILDING
Est. value
$680,000
RETAIL STORES
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
WAREHOUSE, STORAGE
Est. value
$405,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Chabad Of The Space Coast INC
Entity
Mailing address
1190 HWY A1A, SATELLITE BEACH, FL 32937-2479
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
—
Chabad Of The Space Coast INC
Kane Maile N A Trust
Warranty Deed
—
Dec 27, 2019
$655,000
Chabad Of The Space Coast INC
Maile Kane
Warranty Deed
—
Dec 2, 2019
$100
Kane,maile N A Living Trust
Maile Kane
Warranty Deed
related
—
Aug 8, 2018
—
Maile Kane
—
Deed
related
$400,000 · Florida Busn Bk
Dec 1, 2003
$365,000
Maile Kane
Reynolds,muriel Tr
Grant Deed
$306,000 · Rbc Centura Bank
—
—
Maile Kane
—
Deed Of Trust
related
$285,631 · Florida Business Bank
—
—
Maile Kane
—
Deed Of Trust
related
$370,000 · Florida Business Bank
—
—
Maile Kane
—
Deed Of Trust
related
$20,000 · Florida Business Bank
—
—
Kane,maile
—
Loan Modification
related
—
—
—
Kane,maile
—
Loan Modification
related
—
—
—
Maile Kane
—
Loan Modification
related
$400,000 · Florida Busn Bk
—
—
Maile Kane
—
Deed Of Trust
related
$150,000 · Florida Business Bank
—
—
Maile Kane
—
Deed Of Trust
related
$124,775 · Florida Business 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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