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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Medical Office Space
1901 Patrick Dr Indian Harbour Beach, FL 32937-4416
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0469166
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,020 SF
Lot
0.92 ac (40,075 SF)
Zoning code
B1
APN
27-37-11-00-00281.1-0000.00
UPID
US19-0469166
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
$744k
Blend (final)
Blend
$555k
Owner & transaction history
Florida State Corp · 20 yrs held
Florida State Corp
since 2005
3 recorded transactions
Zoning & alternative use
B1 · Indian Harbour Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Map 2023
Top alternative use upside
Auto repair, garage
$900,000
+39.6%
Office building
$880,000
+36.6%
Retail stores
$690,000
+7.2%
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 Indian Harbour Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Harbour 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +37% · Conversion: Easy
RETAIL STORES
$690,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$138 / 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
$11,013
Tax year 2023
Assessed value
$654,460
Assessed 2023
Previous assessed
$606,580
+7.9% YoY
Effective rate
1.68%
On assessed value
Assessed land
$420,000
Assessed improvement
$234,460
Land market value
$420,000
Improvement market value
$234,460
Total market value
$654,460
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,020 SF
Lot
0.92 ac (40,075 SF)
Zoning code
B1
APN
27-37-11-00-00281.1-0000.00
UPID
US19-0469166
Jurisdiction
BREVARD
Zoning & alternative use
B1 · Indian Harbour Beach, FLZoning B1 · permitted uses
B1 · Indian Harbour Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map 2023
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$900,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$520,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Florida State Corp
Entity
Mailing address
630 CINNAMON CT, SATELLITE BEACH, FL 32937-4301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Oct 7, 2005
$650,000
Florida State Corp
First States Investors 3070 LLC
Special Warranty Deed
$550,000 · Fidelity Bank Of Florida NA
—
—
Florida State Corp
—
Deed Of Trust
related
$1,000,000 · Stonegate Bank
—
—
Richard A Person
—
Deed Of Trust
related
$51,125 · First Union National 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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