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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Gas stations
1385 Patrick Dr Satellite Beach, FL 32937-4325
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-2331305
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,063 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C
APN
26-37-35-55-0000E.0-0012.01
UPID
US18-2331305
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
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$1.11M
Owner & transaction history
Spirit Master Funding X · 4 yrs held
Spirit Master Funding X
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C · Satellite 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 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
$1,095,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.11M (Jan 19 2022)
Last sale anchor
$1.11M
Jan 19 2022
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
$362 / 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
$5,974
Tax year 2023
Assessed value
$269,120
Assessed 2023
Previous assessed
$248,470
+8.3% YoY
Effective rate
2.22%
On assessed value
Assessed land
$150,000
Assessed improvement
$119,120
Land market value
$150,000
Improvement market value
$119,120
Total market value
$269,120
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Total area
3,063 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C
APN
26-37-35-55-0000E.0-0012.01
UPID
US18-2331305
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.
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X
Individual
Free & Clear · 4 yrs held
Mailing address
301 N MAIN ST STE #2030, WINSTON SALEM, NC 27101-3836
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$1,108,700
Spirit Master Funding X
Brevard Oc Holdings 2
Special Warranty Deed
—
Oct 12, 2020
—
Brevard Oc Holdings 2 LLC
1385 South Patrick Dr LLC
Quit Claim Deed
related
—
Nov 27, 2019
—
Brevard Oc Holdings 2 LLC
—
Deed
related
$432,969 · Synovus Bank
Feb 1, 2018
—
Richard J Lorfink II
—
Deed
related
$235,000 · Morgan Fin'l
Jul 6, 2009
$600,000
1385 South Patrick Drive LLC
Lubrication Specialist INC
Warranty Deed
$311,000 · Community Cu
—
—
Richard J Lorfink II
—
Deed Of Trust
related
$235,000 · Morgan Fin'l
—
—
1385 South Patrick Drive LLC
—
Deed Of Trust
related
$311,000 · Community Cu
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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