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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
1631 Cocoa Blvd Cocoa, FL 32922-6935
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-6089128
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,816 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CG
APN
24-36-20-01-00000.0-0045.00
UPID
US18-6089128
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
-
Graham's Central Station Hair Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$640k
Owner & transaction history
Cocoa Shopping Center LLC · 8 yrs held
Cocoa Shopping Center LLC
since 2017
7 recorded transactions
Zoning & alternative use
CG · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$590,000
+40.3%
Office building
$580,000
+37.2%
Auto repair, garage
$490,000
+16.1%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa 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
$430,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Current use
MEDICAL BUILDING
$590,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$490,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$168 / 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
$20,487
Tax year 2023
Assessed value
$905,950
Assessed 2023
Previous assessed
$829,090
+9.3% YoY
Effective rate
2.26%
On assessed value
Assessed land
$113,090
Assessed improvement
$792,860
Land market value
$113,090
Improvement market value
$792,860
Total market value
$905,950
Applied tax rate
23.0000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
3,816 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CG
APN
24-36-20-01-00000.0-0045.00
UPID
US18-6089128
Jurisdiction
BREVARD
Zoning & alternative use
CG · Cocoa, FLZoning CG · permitted uses
CG · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$420,000
MEDICAL BUILDING
Est. value
$590,000
OFFICE BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$490,000
RETAIL STORES
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Cocoa Shopping Center LLC
Entity
Mailing address
626 OLD DIXIE HWY, VERO BEACH, FL 32962
Ownership since
2017
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
Feb 14, 2020
—
Cocoa Shopping Center LLC
—
Deed
related
$880,000 · Valley Nat'l Bk
Sep 1, 2017
$685,000
Cocoa Shopping Center LLC
Srj Adventures INC
Warranty Deed
related
$398,750 · Centerstate Bk NA
Oct 20, 2010
—
Srj Adventures INC
Walter Property Management LLC
Grant Deed
related
—
Mar 6, 2007
$800,000
Srj Adventures INC
Walter Property Management LLC
Warranty Deed
$640,000 · Wachovia Bank NA
Jun 2, 2004
—
Walter Property Management LLC
Walter,james M
Quit Claim Deed
related
—
Apr 28, 2004
—
James M Walter
Walter,david L
Quit Claim Deed
related
—
Sep 20, 2000
$525,000
David L Walter
Rockwell,david L
Grant Deed
$545,000 · Seller
—
—
Cocoa Shopping Center LLC
—
Deed Of Trust
related
$880,000 · Valley Nat'l Bk
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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