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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Turn key restaurants
2464 Atlantic Ave Cocoa Beach, FL 32931-2276
Entity Owned
~
Est. High Equity
Property ID
US18-0665965
Property summary
AI-generated overview
This exceptional investment opportunity presents a rare chance to acquire a highly successful retail property located at 2464 S Atlantic Avenue in the desirable South Cocoa Beach area of Brevard County, Florida. The property, built in 1958, sits on a 5,662.8 square foot lot and features a single retail unit currently occupied by a long-term, well-established tenant under a triple net lease. This ensures a consistent income stream for the investor. The tenant operates a renowned restaurant known for its casual elegance, fresh Florida cuisine, extensive wine list, and exceptional service, making it a local favorite and a respected establishment within the restaurant community. The property's prime beachside location contributes significantly to its success. This is a real estate sale only; the business itself is not included in the sale. The asking price for this exceptional investment property is $932,500. Serious inquiries only, please. Further details are available upon request for qualified buyers.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,356 SF
Lot
0.13 ac (5,663 SF)
Zoning code
BU-1-A
APN
25-37-26-50-0000B.0-0027.00
UPID
US18-0665965
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 Fat Snook Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Sunny Snook LLC
Sunny Snook LLC
since 2025
Last sale
$735,000
3 recorded transactions
Zoning & alternative use
BU-1-A · Cocoa Beach, 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 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
$725,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $735k (May 25 2022)
Last sale anchor
$735k
May 25 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
$314 / 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
$8,393
Tax year 2023
Assessed value
$594,640
Assessed 2023
Previous assessed
$176,240
+237.4% YoY
Effective rate
1.41%
On assessed value
Assessed land
$66,000
Assessed improvement
$528,640
Land market value
$66,000
Improvement market value
$528,640
Total market value
$594,640
Applied tax rate
2,600.0000
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
2,356 SF
Lot
0.13 ac (5,663 SF)
Zoning code
BU-1-A
APN
25-37-26-50-0000B.0-0027.00
UPID
US18-0665965
Jurisdiction
BREVARD
Zoning & alternative use
BU-1-A · Cocoa Beach, FLZoning BU-1-A · permitted uses
BU-1-A · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Sunny Snook LLC
Entity
Mailing address
132 HARDING AVE, COCOA BEACH, FL 32931-3908
Ownership since
2025
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 5, 2025
$750,000
Sunny Snook LLC
Shell Ring II LLC
Warranty Deed
$500,000 · Michael Lowe
May 25, 2022
$735,000
Shell Ring II LLC
George H Trosset
Warranty Deed
$551,250 · South State Bank NA
Jun 10, 1999
$75,000
George H Trosset
Brevard Builders
Grant Deed
$60,000 · Seller
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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