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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Strip malls
234 Willard St Cocoa, FL 32922-7984
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5396724
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,280 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CBD
APN
24-36-33-07-00000.0-0003.01
UPID
US18-5396724
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
-
The Salvation Army Social Service Agency Charitable Organization
-
Miracle Pain Relief | Myofascial Release Therapy & Natural Health Center Alternative Medicine Practice Spa & Massage Center
-
Quiet Waters Wellness Center Medical Clinic Alternative Medicine Practice
-
Senior Care of Brevard Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$1.33M
Owner & transaction history
Joyful Worship Center Ministries In · 4 yrs held
Joyful Worship Center Ministries In
since 2021
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
CBD · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district are intended to apply to the central commercial, professional, financial, governmental and civic core of the city as described in the comprehensive plan and which is entirely within a designated redevelopment area.
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
45.14 ac
Source
Realmo
Top alternative use upside
Medical building
$1.8M
+40.3%
Office building
$1.7M
+37.2%
Auto repair, garage
$1.5M
+16.1%
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 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
$1,405,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Current use
MEDICAL BUILDING
$1,750,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$1,710,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,450,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,105,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.30M (Oct 1 2021)
Last sale anchor
$1.30M
Oct 1 2021
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
$118 / 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
$12,322
Tax year 2023
Assessed value
$563,780
Assessed 2023
Previous assessed
$508,080
+11.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$90,500
Assessed improvement
$473,280
Land market value
$90,500
Improvement market value
$473,280
Total market value
$563,780
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
11,280 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CBD
APN
24-36-33-07-00000.0-0003.01
UPID
US18-5396724
Jurisdiction
BREVARD
Zoning & alternative use
CBD · Cocoa, FLZoning CBD · permitted uses
CBD · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district are intended to apply to the central commercial, professional, financial, governmental and civic core of the city as described in the comprehensive plan and which is entirely within a designated redevelopment area.
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
45.14 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
Joyful Worship Center Ministries In
Individual
Mailing address
234 WILLARD ST STE A, COCOA, FL 32922-7984
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$1,300,000
Joyful Worship Center Ministries In
Elebash & Selig LLC
Warranty Deed
$1,200,000 · Elebash & Selig LLC
Oct 26, 2007
—
Elebash & Selig LLC
Elebash Family Trust
Quit Claim Deed
—
Apr 25, 2007
—
Selig W Michael Trust
Selig,w Michael
Quit Claim Deed
related
—
—
—
Albert P Elebash
—
Deed Of Trust
related
$220,000 · 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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