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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
1223 Pinetree Dr, Indian Harbour Beach, FL 32937-4116
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-3487129
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,401 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R1A
APN
27-37-11-07-00000.0-0058.00
UPID
US18-3487129
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
$535k
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$510k
Owner & transaction history
R N Steinmetz INC · 24 yrs held
R N Steinmetz INC
since 2001
4 recorded transactions
Zoning & alternative use
R1A · Indian Harbour Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+41.6%
Auto repair, garage
$535,000
+2.2%
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 Indian Harbour Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Harbour 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%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$525,000
Current use
COMMERCIAL (GENERAL)
$745,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$535,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$212 / 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
$3,889
Tax year 2023
Assessed value
$246,410
Assessed 2023
Previous assessed
$246,410
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$95,000
Assessed improvement
$151,410
Land market value
$95,000
Improvement market value
$151,410
Total market value
$246,410
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,401 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R1A
APN
27-37-11-07-00000.0-0058.00
UPID
US18-3487129
Jurisdiction
BREVARD
Zoning & alternative use
R1A · Indian Harbour Beach, FL
Zoning R1A · permitted uses
R1A · Indian Harbour Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indian Harbour Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
R N Steinmetz INC
Entity
Mailing address
1219 PINETREE DR, INDIAN HARBOUR BEACH, FL 32937-4116
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2001
$60,000
R N Steinmetz INC
Money Store Investment Corp
Grant Deed
$110,000 · Riverside National Bank
Jul 28, 1998
$170,000
Bk Strick INC
Ambleside Assoc INC
Trustees Deed
related
$119,000 · Money Store INC
—
—
Bj Strick INC
—
Deed Of Trust
related
$34,283 · Amleside Assoc INC
—
—
R N Steinmetz INC
—
Deed Of Trust
related
$165,000 · Riverside National 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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