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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Turn key restaurants
1940 Hwy A1a Indian Harbour Beach, FL 32937-3523
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3013492
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
WOOD
Total area
3,122 SF
Lot
0.45 ac (19,602 SF)
Zoning code
B1
APN
27-37-12-00-00575.0-0000.00
UPID
US18-3013492
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
1940 A1a LLC · 2 yrs held
1940 A1a LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
B1 · Indian Harbour Beach, FL
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
$1,185,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,195,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.19M (Feb 2 2024)
Last sale anchor
$1.19M
Feb 2 2024
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
$380 / 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
$14,353
Tax year 2023
Assessed value
$832,390
Assessed 2023
Previous assessed
$832,390
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$275,670
Assessed improvement
$556,720
Land market value
$275,670
Improvement market value
$556,720
Total market value
$832,390
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,122 SF
Lot
0.45 ac (19,602 SF)
Zoning code
B1
APN
27-37-12-00-00575.0-0000.00
UPID
US18-3013492
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
RESTAURANT Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$965,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1980
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
1940 A1a LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1940 HWY A1A, INDIAN HARBOUR BEACH, FL 32937-3523
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$1,186,400
1940 A1a LLC
Carafano Holdings LLC
Warranty Deed
—
Nov 29, 2021
$986,600
Carafano Holdings LLC
Lleyton LLC
Warranty Deed
$1,225,000 · Lleyton LLC
Aug 24, 2015
$675,000
Lleyton LLC
D V J J Enterprises LLC
Warranty Deed
$868,500 · Sunrise Bank
Oct 24, 2013
$590,000
D V J J Ents LLC
Sargenti,anthony & Mary
Warranty Deed
—
Jul 8, 2010
$450,000
Anthony Sargenti
Foreman,karen J
Warranty Deed
—
Jun 16, 1998
$390,000
Karen J Foreman
Burgreen,wharton K
Grant Deed
$350,000 · Business Loan Center INC
—
—
D V J J Ents LLC
—
Loan Modification
related
$243,000 · Florida Busn Dev
—
—
D V J J Ents LLC
—
Deed Of Trust
related
$295,000 · Florida Bk/cmrc
—
—
Karen J Foreman
—
Deed Of Trust
related
$330,000 · Indian River 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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