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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Office buildings
2950 Pineda Plz Way Palm Shores, FL 32940-7342
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-6733941
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,526 SF
Lot
3.04 ac (132,422 SF)
Zoning code
BU-1
APN
26-37-19-00-00509.0-0000.00
UPID
US18-6733941
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
$3.92M
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$4.11M
Owner & transaction history
Space Coast Assn Of Realtors I · 9 yrs held
Space Coast Assn Of Realtors I
since 2017
3 recorded transactions
Zoning & alternative use
BU-1 · Palm Shores, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+45.1%
Commercial (general)
$5.4M
+17.6%
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 Palm Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Shores 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%
$4,240,000
6.5%
$3,915,000
7%
$3,635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,615,000
Current use
RESTAURANT
$6,695,000
Change: +45% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,425,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,915,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.11M
Range $3.69M – $4.52M · ±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
$234 / 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
$37,749
Tax year 2023
Assessed value
$2,903,630
Assessed 2023
Previous assessed
$2,668,660
+8.8% YoY
Effective rate
1.30%
On assessed value
Assessed land
$806,440
Assessed improvement
$2,097,190
Land market value
$806,440
Improvement market value
$2,097,190
Total market value
$2,903,630
Applied tax rate
43.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
17,526 SF
Lot
3.04 ac (132,422 SF)
Zoning code
BU-1
APN
26-37-19-00-00509.0-0000.00
UPID
US18-6733941
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Palm Shores, FL
Zoning BU-1 · permitted uses
BU-1 · Palm Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
3.04 ac
Current owner
From public records · entity-resolved
Space Coast Assn Of Realtors I
Individual
Free & Clear · 9 yrs held
Mailing address
2950 PINEDA PLZ WAY, PALM SHORES, FL 32940-7342
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
Mar 28, 2017
$1,050,000
Space Coast Assn Of Realtors I
Francey,darcia J & John J
Warranty Deed
—
Jan 15, 2010
—
John J Francey
Ad Jones Investment LP
Warranty Deed
related
—
May 12, 2003
$6,300
A D Jones Ent INC
Jones,tr
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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