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Property profile & analytics
OFF-MARKET
Estimated value
$6,065,000
Retail space
185 Cocoa Bch Cswy Cocoa Beach, FL 32931-3527
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4099358
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
FRAME
Total area
14,520 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CN
APN
24-37-34-CI-00042.0-0003.00
UPID
US18-4099358
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
-
Beachwave Beachwear 1 (Bike/Boat/Book/etc) Store
-
Totally Rad Rolls Restaurant
-
Surf Style 151: Surf, Swimwear, Sporting Goods in Cocoa Beach Beach Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
125 West Cocoa Beach Causeway LLC · 4 yrs held
125 West Cocoa Beach Causeway LLC
since 2021
Last sale
$6.6M
3 recorded transactions
Zoning & alternative use
CN · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.3M
+213.8%
Restaurant
$4.9M
+111.2%
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 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
$5,480,000
ML approach
$5,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,330,000
Change: +214% · Conversion: Difficult
RESTAURANT
$4,935,000
Change: +111% · Conversion: Easy
Blend value · Realmo final
$6.07M
Range $5.46M – $6.67M · ±10% · vs last sale $6.60M (Dec 31 2021)
Last sale anchor
$6.60M
Dec 31 2021
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
$418 / 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
$21,563
Tax year 2023
Assessed value
$1,219,760
Assessed 2023
Previous assessed
$1,219,760
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$270,000
Assessed improvement
$949,760
Land market value
$270,000
Improvement market value
$949,760
Total market value
$1,219,760
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
14,520 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CN
APN
24-37-34-CI-00042.0-0003.00
UPID
US18-4099358
Jurisdiction
BREVARD
Zoning & alternative use
CN · Cocoa Beach, FL
Zoning CN · permitted uses
CN · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
RESTAURANT
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1953
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
125 West Cocoa Beach Causeway LLC
Entity
Mailing address
4100 N 28TH TER, HOLLYWOOD, FL 33020-1116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 31, 2021
$6,600,000
125 West Cocoa Beach Causeway LLC
Dg Beach Waves INC
Warranty Deed
—
Mar 27, 2017
—
Dg Beach Waves INC
—
Loan Modification
related
$3,017,800 · Jp Morgan Chase Bk
Oct 20, 2010
—
Dg Beach Waves INC
Gal,david
Warranty Deed
—
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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