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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Turn key restaurants
207 Brevard Ave Cocoa, FL 32922-7906
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2841944
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,495 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CBD
APN
24-36-33-35-00000.0-0012.00
UPID
US18-2841944
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
-
Milpa Tacos y Tortillas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.31M
Owner & transaction history
207 Bme LLC · 3 yrs held
207 Bme LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CBD · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,325,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.34M (Oct 27 2022)
Last sale anchor
$1.34M
Oct 27 2022
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
$375 / 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
$12,147
Tax year 2023
Assessed value
$687,220
Assessed 2023
Previous assessed
$430,880
+59.5% YoY
Effective rate
1.77%
On assessed value
Assessed land
$216,320
Assessed improvement
$470,900
Land market value
$216,320
Improvement market value
$470,900
Total market value
$687,220
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,495 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CBD
APN
24-36-33-35-00000.0-0012.00
UPID
US18-2841944
Jurisdiction
BREVARD
Zoning & alternative use
CBD · Cocoa, FL
Zoning CBD · permitted uses
CBD · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
207 Bme LLC
Entity
Mailing address
50 VALENCIA RD, ROCKLEDGE, FL 32955-2918
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$1,340,000
207 Bme LLC
Chardonnay INC
Warranty Deed
$1,000,000 · Chardonnay INC
Jun 28, 2018
—
Florida Historical Society
Taylor Grace W Trust
Grant Deed
related
—
Mar 12, 2018
—
Chardonnay INC
—
Deed
related
$203,900 · Michael A Dichristopher
Feb 10, 2012
$187,500
Chardonnay INC
Colzani,daniel A
Warranty Deed
related
—
Feb 8, 2005
$400,000
Daniel A Colzani
Thomas Hietpas & Daniela A Colzani
Warranty Deed
—
—
—
Chardonnay INC
—
Loan Modification
related
$283,770 · Wells Fargo Bk
—
—
Chardonnay INC
—
Deed Of Trust
related
$203,900 · Michael A Dichristopher
—
—
Thomas Hietpas
—
Deed Of Trust
related
$250,000 · Wachovia Bank NA
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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