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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Medical Office Space
140 6th Ave Indialantic, FL 32903-3204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4323628
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
5,542 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C
APN
27-38-31-EO-00027.0-0025.00
UPID
US18-4323628
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
$840k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$845k
Owner & transaction history
Pann Realty LLC · 4 yrs held
Pann Realty LLC
since 2022
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
C · Indialantic, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of a commercial district is to serve as a centralized area for business, retail, and service-related activities. It is designed to support economic growth, foster entrepreneurship, and provide accessible goods and services to the community. Commercial districts aim to create vibrant, walkable environments that attract residents, workers, and visit…
Zone name
Commercial
General category
COMMERCIAL
Zone area
23.93 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.2M
+39.6%
Office building
$1.1M
+25.3%
Retail stores
$950,000
+7.2%
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 Indialantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indialantic 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
$840,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,075,000
7%
$995,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$885,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: +25% · Conversion: Easy
RETAIL STORES
$950,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $850k (Jan 20 2022)
Last sale anchor
$850k
Jan 20 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
$152 / 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
$12,453
Tax year 2023
Assessed value
$698,850
Assessed 2023
Previous assessed
$691,260
+1.1% YoY
Effective rate
1.78%
On assessed value
Assessed land
$225,000
Assessed improvement
$473,850
Land market value
$225,000
Improvement market value
$473,850
Total market value
$698,850
Applied tax rate
54.0000
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
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
5,542 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C
APN
27-38-31-EO-00027.0-0025.00
UPID
US18-4323628
Jurisdiction
BREVARD
Zoning & alternative use
C · Indialantic, FLZoning C · permitted uses
C · Indialantic, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of a commercial district is to serve as a centralized area for business, retail, and service-related activities. It is designed to support economic growth, foster entrepreneurship, and provide accessible goods and services to the community. Commercial districts aim to create vibrant, walkable environments that attract residents, workers, and visitors while encouraging investment and sustainable urban development.
Zone name
Commercial
General category
COMMERCIAL
Zone area
23.93 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Pann Realty LLC
Entity
Mailing address
140 6TH AVE, INDIALANTIC, FL 32903-3204
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
$850,000
Pann Realty LLC
K & C Limited Company
Warranty Deed
$680,000 · Community Bank Of The South
Apr 7, 2003
—
K & C Ltd Co
Baines,tr
Grant Deed
related
—
—
—
Edward F Baines
—
Deed Of Trust
related
$283,705 · Bank Of Brevard
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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