Entity Owned 
For Lease
1 / 72
$11 SF/Yr
280 W Central Blvd, Cape Canaveral, FL 32920
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Property summary
AI-generated overview
An industrial building constructed in 1984, located in Cape Canaveral and zoned C-2. The building contains 11,920 square feet of space and is served by a 3-phase 600 amp 120/208V electrical system. Ceiling clearances include a center height of 20 feet and an eave height of 18 feet. The building has a fire suppression system and is accessed through three grade-level overhead doors measuring 12 by 14 feet, 12 by 12 feet, and 12 by 12 feet.
Property profile
Verified
Property type
Other warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1984
Construction
FRAME
Total area
11,920 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
24-37-15-00-00806.0-0000.00
UPID
US18-3162999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.59M
Owner & transaction history
since 2021
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
C2 · Cape Canaveral, FL
Top alternative use upside
Commercial (general)
$2.8M
+89.3%
Auto repair, garage
$2.5M
+66.5%
Office building
$2.3M
+50.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.59M
Value range
$2.33M – $2.85M
±10% around blend
Estimated value / SF
$217 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$2.33M
blend $2.59M
$2.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,920 SF
Lot area
0.5 ac
Year built
1984
Stories
2
APN
24-37-15-00-00806.0-0000.00
Zoning
C2
Assessed value
$716,140
Annual tax
$10,884
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$10,884
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.33M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.2 mi away · 13,568 SF
16.4 mi away · 9,000 SF
20.5 mi away · 11,054 SF
20.8 mi away · 13,523 SF
21.7 mi away · 10,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.59M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 178 sales
$125
+74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $217/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+89%
vs current-use indication
Auto Repair, Garage
Office Building
Retail Stores
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.20%
Selected cap rate for this other warehouses
Derived from the Cape Canaveral market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$73k *
Last sale · Dec 2021
$2.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.28M
Move the market yield to see immediate price impact.
Value / SF
$191
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$66k
$2.43M
$2.05M
$1.77M
$73k
$2.70M
$2.28M
$1.97M
$80k
$2.97M
$2.50M
$2.17M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$2.10M
14.6 mi · Apr 2026 · $167/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,884
Tax year 2023
Assessed value
$716,140
Assessed 2023
Previous assessed
$715,320
+0.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$118,680
Assessed improvement
$597,460
Land market value
$118,680
Improvement market value
$597,460
Total market value
$716,140
Applied tax rate
26.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
1984
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
11,920 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
24-37-15-00-00806.0-0000.00
UPID
US18-3162999
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Cape Canaveral, FLZoning C2 · permitted uses
C2 · Cape Canaveral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Cape Canaveral, FL
Recorded code
C2
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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