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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Strip malls
307 Barefoot Blvd 103 Barefoot Bay, FL 32976-7476
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-6128360
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,980 SF
Lot
2.26 ac (98,446 SF)
Zoning code
BU1
APN
30-38-11-00-00505.1-0000.00
UPID
US18-6128360
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
$1.33M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.34M
Owner & transaction history
James Heck · 4 yrs held
James Heck
since 2022
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
BU1 · Barefoot Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+146.7%
Commercial (general)
$1.4M
+72.1%
Office building
$1.3M
+60.0%
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 Barefoot Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barefoot Bay 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
$1,335,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,225,000
7%
$1,140,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Current use
RESTAURANT
$2,030,000
Change: +147% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,415,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$1,320,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,245,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.35M (May 5 2022)
Last sale anchor
$1.35M
May 5 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
$224 / 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
$11,573
Tax year 2023
Assessed value
$747,630
Assessed 2023
Previous assessed
$526,140
+42.1% YoY
Effective rate
1.55%
On assessed value
Assessed land
$139,430
Assessed improvement
$608,200
Land market value
$139,430
Improvement market value
$608,200
Total market value
$747,630
Applied tax rate
3,400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
4
Total area
5,980 SF
Lot
2.26 ac (98,446 SF)
Zoning code
BU1
APN
30-38-11-00-00505.1-0000.00
UPID
US18-6128360
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Barefoot Bay, FLZoning BU1 · permitted uses
BU1 · Barefoot Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$825,000
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
2.26 ac
Current owner
From public records · entity-resolved
James Heck
Individual
Free & Clear · 4 yrs held
Mailing address
1226 OMAR RD, WEST PALM BEACH, FL 33405-1047
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
James Heck
Heck Enterprises Of Brevard INC
Warranty Deed
—
May 5, 2022
$1,350,000
Roses Roost LLC
James Heck
Warranty Deed
—
Jan 11, 2011
$700,000
Heck Ents Of Brevard INC
Ricky Center LLC
Deed In Lieu Of Foreclosure
—
Apr 16, 2008
$750,000
Ricky Center LLC
Heck Ents Of Brevard INC
Warranty Deed
$750,000 · Heck Ents Of Brevard INC
Apr 1, 2008
—
Record Owner
Owner,record
Grant Deed
related
—
Sep 1, 2006
—
Heck Ents Of Brevard INC
Heck,james R & Bonnie
Quit Claim 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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