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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Bars & Pubs
3191 Hwy A1a Indialantic, FL 32903-2135
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0516362
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,323 SF
Lot
0.34 ac (14,810 SF)
Zoning code
BU-1
APN
27-37-13-02-00001.0-0004.01
UPID
US18-0516362
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Lou S Blues INC · 7 yrs held
Lou S Blues INC
since 2018
5 recorded transactions
Zoning & alternative use
BU-1 · Indialantic, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Map
Top alternative use upside
Commercial (general)
$805,000
+14.5%
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 Indialantic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indialantic 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$705,000
Current use
COMMERCIAL (GENERAL)
$805,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$635,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$149 / 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
$9,853
Tax year 2023
Assessed value
$645,670
Assessed 2023
Previous assessed
$607,870
+6.2% YoY
Effective rate
1.53%
On assessed value
Assessed land
$165,000
Assessed improvement
$480,670
Land market value
$165,000
Improvement market value
$480,670
Total market value
$645,670
Applied tax rate
5,300.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
4,323 SF
Lot
0.34 ac (14,810 SF)
Zoning code
BU-1
APN
27-37-13-02-00001.0-0004.01
UPID
US18-0516362
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Indialantic, FLZoning BU-1 · permitted uses
BU-1 · Indialantic, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES
Est. value
$635,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lou S Blues INC
Entity
Mailing address
3447 INDIAN RIV DR, COCOA, FL 32926-6607
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
Lous Blues INC
—
Deed
related
$2,025,000 · First Horizon Bank
Oct 9, 2018
$1,550,000
Lou S Blues INC
D D Real Estate Holdings INC
Warranty Deed
$2,118,000 · Customers Bank
Dec 11, 2002
—
Dragon Ladys Den Of Brevard
Bowman,tao
Quit Claim Deed
related
—
Dec 11, 2002
$350,000
D D Real Estate Holdings INC
Dragon,l
Grant Deed
related
—
—
—
Tao Bowman
—
Deed Of Trust
related
$76,617 · First Union National Bank
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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