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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
1300 Hwy 1st Ste 103 Satellite Beach, FL 32937-2461
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6118721
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
6,309 SF
Lot
0.83 ac (36,155 SF)
Zoning code
C
APN
26-37-35-EA-0000B.0-0001.00
UPID
US18-6118721
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
$1.27M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.31M
Owner & transaction history
Firstwave Real Estate LLC · 4 yrs held
Firstwave Real Estate LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+41.6%
Auto repair, garage
$1.4M
+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 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
$1,540,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,380,000
Current use
COMMERCIAL (GENERAL)
$1,955,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,410,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.00M (Aug 25 2021)
Last sale anchor
$1.00M
Aug 25 2021
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
$208 / 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
$18,029
Tax year 2023
Assessed value
$893,820
Assessed 2023
Previous assessed
$852,270
+4.9% YoY
Effective rate
2.02%
On assessed value
Assessed land
$506,690
Assessed improvement
$387,130
Land market value
$506,690
Improvement market value
$387,130
Total market value
$893,820
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
6,309 SF
Lot
0.83 ac (36,155 SF)
Zoning code
C
APN
26-37-35-EA-0000B.0-0001.00
UPID
US18-6118721
Jurisdiction
BREVARD
Zoning & alternative use
C · Satellite Beach, FL
Zoning 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
Satellite Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
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
2005
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
0.83 ac
Current owner
From public records · entity-resolved
Firstwave Real Estate LLC
Entity
Mailing address
1300 HWY 1ST STE #103, SATELLITE BEACH, FL 32937-2461
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$1,000,000
Firstwave Real Estate LLC
Grace Upon Grace LLC
Warranty Deed
$509,250 · Cogent Bank
Apr 2, 2012
$750,000
Grace Upon Grace LLC
General Elec Cap Corp
Grant Deed
$500,000 · Bankfirst
Jul 8, 2011
$400,100
General Elec Cap Corp
Omler,david E Coc
Trustees Deed
—
Nov 2, 2006
—
David E Omler
—
Deed Of Trust
related
$1,360,000 · Wachovia Bank NA
Jun 24, 2004
—
David E Omler
—
Trustees Deed
related
$960,000 · Indian River National Bank
Sep 30, 2003
$44,600
David Omler
Bouis,janice A Est
Grant Deed
—
Aug 12, 2003
$66,900
David Omler
Turner,a F & Jean M
Grant Deed
—
Aug 12, 2003
$178,300
David Omler
Lewis,george W
Grant Deed
—
Aug 12, 2003
$22,300
David Omler
Bouis,pierre J
Grant Deed
$237,741 · Harbor Fsb
—
—
David Omler
—
Deed Of Trust
related
$1,636,000 · General Electric Capital Corp
—
—
Paradise Props Of Brevard INC
—
Deed Of Trust
related
$200,000 · 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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