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    Property profile & analytics
    OFF-MARKET Estimated value $785,000
    Office buildings

    211 Caroline St, Cape Canaveral, FL 32920-2705

    2,880 SF 10.99 ac lot Built 1966
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US19-0104095
    Property summary
    AI-generated overview

    This exceptional 4,453-square-foot single-tenant retail space, located at 211 Caroline Street in Cape Canaveral, Florida (32920), presents a unique investment opportunity. Completely renovated in 2024, the property, built in 1966, boasts a prime location benefiting from the robust tourism and local economies. With Port Canaveral expecting 4.07 million cruise passengers in 2023 and Kennedy Space Center attracting over 1.4 million visitors annually, a steady stream of potential customers is guaranteed. The local market is equally strong, showcasing a median household income of $68,495 (a 17.3% increase from 2021-2022) and a low 3.2% retail vacancy rate. Cape Canaveral's retail sector thrives, generating $51,459,000 in annual sales, fueled by a population of 9,980 residents and millions of tourists contributing to a $4.6 billion tourism impact in Brevard County. The diverse visitor demographic, with 63% from out of state and 5% international, provides a broad customer base. This flexible space is ideal for retail or professional services, offering unparalleled access to a thriving market where tourism and local prosperity converge. The property includes 10 parking spaces and is situated on a single building on APN 24-37-14-00-00502.0-0000.00.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1966
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,880 SF
    Lot 10.99 ac (478,724 SF)
    Zoning code R3
    APN 24-37-14-00-00502.0-0000.00
    UPID US19-0104095
    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
    $620k
    CAP Approach CAP
    $645k
    Comparable Approach Comparable
    $811k
    Blend (final) Blend
    $785k
    Owner & transaction history
    Palms East Of Cape Canaveral LLC · 14 yrs held
    Palms East Of Cape Canaveral LLC
    since 2012
    4 recorded transactions
    2012
    $1.2M
    2005
    $10.8M
    1998
    $4.5M
    1969
    Zoning & alternative use
    R3 · Cape Canaveral, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $685,000 +25.5%
    Auto repair, garage $600,000 +10.4%
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