Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Motels
2902 Atlantic Ave Cocoa Beach, FL 32931-2127
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-9357246
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,952 SF
Lot
0.46 ac (20,038 SF)
Zoning code
RU215
APN
25-37-26-50-0000G.0-0009.00
UPID
US18-9357246
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
-
Lost Inn Paradise Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Benjamin Hadar · 2 yrs held
Benjamin Hadar
since 2023
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
RU215 · 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
$3,645,000
ML approach
$3,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10% · vs last sale $4.20M (Dec 18 2023)
Last sale anchor
$4.20M
Dec 18 2023
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
$789 / 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
$13,108
Tax year 2023
Assessed value
$1,231,990
Assessed 2023
Previous assessed
$920,000
+33.9% YoY
Effective rate
1.06%
On assessed value
Assessed land
$500,250
Assessed improvement
$731,740
Land market value
$500,250
Improvement market value
$731,740
Total market value
$1,231,990
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
8
Rooms
1
Bathrooms
1
Total area
4,952 SF
Lot
0.46 ac (20,038 SF)
Zoning code
RU215
APN
25-37-26-50-0000G.0-0009.00
UPID
US18-9357246
Jurisdiction
BREVARD
Zoning & alternative use
RU215 · Cocoa Beach, FL
Zoning RU215 · permitted uses
RU215 · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
8
Rooms
1
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Benjamin Hadar
Individual
Mailing address
350 S POLK DR APT #202, SARASOTA, FL 34236-1235
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$4,200,000
Benjamin Hadar
Lost Inn Paradise LLC
Warranty Deed
$2,100,000 · Lost Inn Paradise LLC
May 28, 2021
—
Lost Inn Paradise LLC
—
Deed
related
$229,000 · Addition Financial Cu
Nov 30, 2018
—
Lost Inn Paradise LLC
—
Deed
related
$400,000 · Sunrise Bank
Mar 27, 2018
$1,041,000
Joann Farnham
Inn On North Bay Ltd
Warranty Deed
—
Mar 15, 2018
—
Lost Inn Paradise LLC
Farnham,joann
Quit Claim Deed
—
Jul 6, 2016
$975,000
Inn On North Bay Ltd
Griffith,duane & Deborah R
Warranty Deed
—
Nov 5, 2002
$600,000
Duane Griffith
Pace,william E
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2902 Atlantic Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
