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Property profile & analytics
OFF-MARKET
Turn key restaurants
315 Cocoa Bch Cswy Cocoa Beach, FL 32931-3531
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US19-0273842
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,017 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CN
APN
24-37-34-03-00000.0-0041.01
UPID
US19-0273842
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
-
La Catrina Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John M Mcilhenny · 9 yrs held
John M Mcilhenny
since 2016
7 recorded transactions
Zoning & alternative use
CN · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To meet the wide spectrum of retail and service needs of the total community, this district allows certain office, business, retail and professional services, while specifically prohibiting any transient lodging facility and time share related uses.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
15.04 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,407
Tax year 2023
Assessed value
$770,600
Assessed 2023
Previous assessed
$775,540
-0.6% YoY
Effective rate
1.74%
On assessed value
Assessed land
$309,380
Assessed improvement
$461,220
Land market value
$309,380
Improvement market value
$461,220
Total market value
$770,600
Applied tax rate
26.0000
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,017 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CN
APN
24-37-34-03-00000.0-0041.01
UPID
US19-0273842
Jurisdiction
BREVARD
Zoning & alternative use
CN · Cocoa Beach, FLZoning CN · permitted uses
CN · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To meet the wide spectrum of retail and service needs of the total community, this district allows certain office, business, retail and professional services, while specifically prohibiting any transient lodging facility and time share related uses.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
15.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
John M Mcilhenny
Individual
Mailing address
315 W COCOA BCH CSWY, COCOA BEACH, FL 32931-3531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2016
—
John M Mcilhenny
Rockford Magnum Group Coc
Trustees Deed
related
—
Nov 24, 2014
$483,400
Rockford Magnum Group LLC
Paradise Cove Of Brevard LLC
Warranty Deed
—
Oct 7, 2010
—
Paradise Cove Of Brevard LLC
Stadler,james
Warranty Deed
related
—
Sep 9, 2010
$675,000
James Stadler
Zions First Natl Bk
Grant Deed
—
Oct 4, 2007
$1,250,000
Tantius Inlow & David INC
Blues Heaven Rendevous INC
Warranty Deed
$769,703 · Silver State Bank
—
—
Rockford Magnum Group LLC
—
Deed Of Trust
related
$75,000 · John M Mcilhenny
—
—
Paradise Cove Of Brevard LLC
—
Deed Of Trust
related
$27,000 · Maurice B & Dale S Gralla
—
—
Blues Heaven Rendevous INC
—
Deed Of Trust
related
$49,300 · Us Small Business Admn
—
—
Blues Heaven Rendevous INC
—
Deed Of Trust
related
$36,006 · Coastal Bank
—
—
Area Partners Beach
—
Deed Of Trust
related
$50,000 · First United Bank
—
—
Paradise Cove Of Brevard LLC
—
Deed Of Trust
related
$105,000 · Maurice B Gralla
—
—
Paradise Cove Of Brevard LLC
—
Deed Of Trust
related
$25,000 · Maurice B Gralla
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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