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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Medical Office Space
2181 Patrick Dr Indian Harbour Beach, FL 32937-4475
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3048255
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,136 SF
Lot
0.76 ac (33,106 SF)
Zoning code
B1
APN
27-37-14-05-00005.0-0000.00
UPID
US18-3048255
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
$995k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$765k
Owner & transaction history
2181 South Patrick LLC · 8 yrs held
2181 South Patrick LLC
since 2017
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
$1.2M
+39.6%
Office building
$1.1M
+36.6%
Retail stores
$880,000
+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%
$1,075,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$820,000
Current use
AUTO REPAIR, GARAGE
$1,150,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +37% · Conversion: Easy
RETAIL STORES
$880,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$149 / 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
$18,254
Tax year 2023
Assessed value
$1,093,130
Assessed 2023
Previous assessed
$1,080,550
+1.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$427,830
Assessed improvement
$665,300
Land market value
$427,830
Improvement market value
$665,300
Total market value
$1,093,130
Applied tax rate
42.0000
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,136 SF
Lot
0.76 ac (33,106 SF)
Zoning code
B1
APN
27-37-14-05-00005.0-0000.00
UPID
US18-3048255
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
$820,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
2181 South Patrick LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1344 S APOLLO BLVD STE #303, MELBOURNE, FL 32901-3185
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Nov 28, 2017
$1,418,600
2181 South Patrick LLC
Seckington,ruth E & Lawrence A
Grant Deed
—
Dec 31, 2012
$1,400,000
Seckington Ruth E Trust
Indian Harbour Mob LLC
Warranty Deed
—
Oct 30, 2012
—
Indian Harbour Mob LLC
Deligdish,craig
Warranty Deed
—
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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