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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Strip malls
1400 Hwy A1a Indialantic, FL 32903-2772
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-6492281
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,000 SF
Lot
1.34 ac (58,370 SF)
Zoning code
BU-1
APN
27-38-30-EN-00000.0-000A.04
UPID
US18-6492281
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
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$1.77M
Owner & transaction history
Bakers Dozen Donuts INC · 9 yrs held
Bakers Dozen Donuts INC
since 2016
2 recorded transactions
Zoning & alternative use
BU-1 · Indialantic, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Map
Top alternative use upside
Office building
$2.8M
+46.4%
Retail stores
$2.4M
+25.3%
Medical building
$2.2M
+16.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,915,000
Current use
OFFICE BUILDING
$2,805,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$2,400,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$2,240,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$126 / 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
$29,653
Tax year 2023
Assessed value
$2,036,070
Assessed 2023
Previous assessed
$1,934,580
+5.2% YoY
Effective rate
1.46%
On assessed value
Assessed land
$468,000
Assessed improvement
$1,568,070
Land market value
$468,000
Improvement market value
$1,568,070
Total market value
$2,036,070
Applied tax rate
5,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
8
Total area
14,000 SF
Lot
1.34 ac (58,370 SF)
Zoning code
BU-1
APN
27-38-30-EN-00000.0-000A.04
UPID
US18-6492281
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Indialantic, FLZoning BU-1 · permitted uses
BU-1 · Indialantic, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
8
Lot
1.34 ac
Current owner
From public records · entity-resolved
Bakers Dozen Donuts INC
Entity
Free & Clear · 9 yrs held
Mailing address
1209 N HBR CITY BLVD, MELBOURNE, FL 32935-7020
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2016
$1,000,000
Bakers Dozen Donuts INC
Sir-one Investment INC
Warranty Deed
—
—
—
Sir One Investment INC
—
Deed Of Trust
related
$760,000 · Wachovia Bank NA
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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