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Property profile & analytics
OFF-MARKET
Estimated value
$22,725,000
Hotels
1550 Atlantic Ave Cocoa Beach, FL 32931-3230
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-9115095
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
195,045 SF
Lot
7.05 ac (307,098 SF)
Zoning code
CT1
APN
25-37-02-CL-00000.0-0017.01
UPID
US18-9115095
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
Current use
Occupant on record · Public records
-
Salt Restaurant Cocoa Beach Restaurant
-
Space Coast Slingshots Car Rental Facility
-
Castaway Beach Bar Bar & Pub
-
Gilberto's Gelato & Pizzeria Restaurant
-
Waves Craft Kitchen Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.10M
Comparable Approach
Comparable
$14.92M
Blend (final)
Blend
$22.73M
Owner & transaction history
1550 North Atlantic LLC · 12 yrs held
1550 North Atlantic LLC
since 2013
2 recorded transactions
Zoning & alternative use
CT1 · Cocoa 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 Cocoa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa 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%
$29,350,000
6.5%
$27,095,000
7%
$25,155,000
Blend value · Realmo final
$22.73M
Range $20.45M – $25.00M · ±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
$117 / 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
$478,725
Tax year 2023
Assessed value
$36,719,820
Assessed 2023
Previous assessed
$33,539,230
+9.5% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,750,000
Assessed improvement
$32,969,820
Land market value
$3,750,000
Improvement market value
$32,969,820
Total market value
$36,719,820
Applied tax rate
26.0000
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
7
Units
295
Total area
195,045 SF
Lot
7.05 ac (307,098 SF)
Zoning code
CT1
APN
25-37-02-CL-00000.0-0017.01
UPID
US18-9115095
Jurisdiction
BREVARD
Zoning & alternative use
CT1 · Cocoa Beach, FL
Zoning CT1 · permitted uses
CT1 · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
7
Units
295
Lot
7.05 ac
Current owner
From public records · entity-resolved
1550 North Atlantic LLC
Entity
Mailing address
11770 US HWY 1ST STE #202, N PALM BEACH, FL 33408-3026
Ownership since
2013
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
Oct 2, 2013
$14,500,000
1550 North Atlantic LLC
Bre Of Cocoa Beach Owner LLC
Grant Deed
$20,000,000 · Bank Of America
—
—
Bre Of Cocoa Beach Owner LLC
—
Deed Of Trust
related
$200,000,000 · Wells Fargo 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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