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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Strip malls
204 Cocoa Bch Cswy Cocoa Beach, FL 32931-3530
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0191693
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,862 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CN
APN
24-37-34-CI-00046.0-0001.00
UPID
US18-0191693
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
-
Nolan's Irish Pub Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.05M
Owner & transaction history
Cocoa Beach Plaza 520 LLC · 4 yrs held
Cocoa Beach Plaza 520 LLC
since 2022
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
CN · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To meet the wide spectrum of retail and service needs of the total community, this district allows certain office, business, retail and professional services, while specifically prohibiting any transient lodging facility and time share related uses.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
15.04 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.4M
+146.7%
Office building
$2.3M
+72.2%
Commercial (general)
$2.3M
+72.1%
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 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
$2,075,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
$2,190,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Current use
RESTAURANT
$3,350,000
Change: +147% · Conversion: Difficult
OFFICE BUILDING
$2,340,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,335,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,055,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$1,585,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$1,530,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.15M (May 29 2024)
Last sale anchor
$2.15M
May 29 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
$208 / 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
$31,203
Tax year 2023
Assessed value
$1,710,600
Assessed 2023
Previous assessed
$1,705,960
+0.3% YoY
Effective rate
1.82%
On assessed value
Assessed land
$540,000
Assessed improvement
$1,170,600
Land market value
$540,000
Improvement market value
$1,170,600
Total market value
$1,710,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
8
Total area
9,862 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CN
APN
24-37-34-CI-00046.0-0001.00
UPID
US18-0191693
Jurisdiction
BREVARD
Zoning & alternative use
CN · Cocoa Beach, FLZoning 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
Zoning description
To meet the wide spectrum of retail and service needs of the total community, this district allows certain office, business, retail and professional services, while specifically prohibiting any transient lodging facility and time share related uses.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
15.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
RESTAURANT
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
8
Lot
0.69 ac
Current owner
From public records · entity-resolved
Cocoa Beach Plaza 520 LLC
Entity
Mailing address
PO BOX 609, SPRING LAKE, NJ 07762-0609
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$2,100,000
Cocoa Beach Plaza 520 LLC
Robert A Baugher
Warranty Deed
$1,100,000 · Ralph P Calabrese Etux
May 22, 2019
—
Robert,a Baugher Land Trust
—
Deed
related
$492,000 · Branch Bk&tr
—
—
Robert,a Baugher Land Trust
—
Loan Modification
related
$492,000 · Branch Bk&tr
—
—
Robert A Baugher
—
Deed Of Trust
related
$200,000 · Suntrust Bank NA
—
—
Baugher Robert A Tr
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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