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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Industrial properties
1592 Hwy A1a Satellite Beach, FL 32937-5458
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5943180
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,238 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C
APN
27-37-01-00-00278.0-0000.00
UPID
US18-5943180
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
$1.12M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.14M
Owner & transaction history
Florida Adoption Center LLC · 3 yrs held
Florida Adoption Center LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of the C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on the same lot, at locations having access to a collector or arterial roadway.
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.85 ac
Source
Realmo
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
$1,040,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.20M (Mar 6 2023)
Last sale anchor
$1.20M
Mar 6 2023
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
$182 / 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
$8,848
Tax year 2023
Assessed value
$418,540
Assessed 2023
Previous assessed
$413,410
+1.2% YoY
Effective rate
2.11%
On assessed value
Assessed land
$250,030
Assessed improvement
$168,510
Land market value
$250,030
Improvement market value
$168,510
Total market value
$418,540
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
5
Total area
6,238 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C
APN
27-37-01-00-00278.0-0000.00
UPID
US18-5943180
Jurisdiction
BREVARD
Zoning & alternative use
C · Satellite Beach, FLZoning 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
Zoning description
The provisions of the C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on the same lot, at locations having access to a collector or arterial roadway.
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
5
Lot
0.41 ac
Current owner
From public records · entity-resolved
Florida Adoption Center LLC
Entity
Mailing address
1840 SARNO RD, MELBOURNE, FL 32935-3908
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
$1,200,000
Florida Adoption Center LLC
Joseph Latorra
Warranty Deed
$613,750 · Anchor Bank
Jul 27, 2017
—
Joseph Latorra
—
Deed
related
$86,912 · Florida Busn Bk
Mar 22, 2001
$295,000
Joseph Latorra
Desoto/a1a Joint Venture
Grant Deed
$240,000 · Mike Adams
Oct 27, 1999
$500,000
A1a Joint Venture Desoto
Digital Magic INC
Grant Deed
—
—
—
Joseph D Latorra
—
Deed Of Trust
related
$86,834 · Florida Business Bank
—
—
Joseph Latorra
—
Loan Modification
related
$86,912 · Florida Busn Bk
—
—
Joseph D Latorra
—
Deed Of Trust
related
$199,000 · First Business Bank
—
—
Joseph D Latorra
—
Deed Of Trust
related
$86,500 · Us Small Business Admn
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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