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    3800 Atlantic Ave Cocoa Beach, FL 32931-3537
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    Property profile & analytics

    3800 Atlantic Ave, Cocoa Beach, FL 32931-3537

    View on Map
    • Strip malls
    • 11,908 SF
    • 0.98 lot acres
    Off-Market
    Last Sale Dec 31, 2021
    $3,000,000
    Property ID
    US18-3772046
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,085,000
    Show details
    Cap Rate Potential
    4.9%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Xtreme Surf Shop / (Bike/Boat/Book/etc) Store
    • Big kahuna Beach Rentals / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Surf Style 157: Surf, Swimwear, Sporting Goods in Florida / Beach Clothing Store
    • Nosh Restaurant & Bar / Restaurant

    Property Details for 3800 Atlantic Ave

    Year built
    2004
    Construction
    FRAME
    Lot size
    0.98 lot acres
    Zone code
    CN
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    24-37-34-CI-00049.0-0001.02
    APU
    243734CI000490000102

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2022 — 125 West Cocoa Beach Causeway LLC — Deed · related $17.4M · City National Bank Of Florida
    Dec 31, 2021 $3,000,000 3800 North Atlantic Ave LLC Dg Beach Waves INC Warranty Deed —
    Mar 27, 2017 — Dg Beach Waves INC — Loan Modification · related $3M · Jp Morgan Chase Bk
    May 21, 2001 $20,000 Dg Beach Waves INC Mclarty Trust Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,235,000
      ML approach
      $3,115,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,645,000
      6.5%
      $2,440,000
      7%
      $2,265,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,045,000
      OFFICE BUILDING
      $2,825,000
      COMMERCIAL (GENERAL)
      $2,820,000
      AUTO REPAIR, GARAGE
      $2,485,000
      RETAIL STORES
      $1,915,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.6091
    Latitude
    28.3538
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,193
    $771,750
    $853,300
    $1,625,050
    -
    $771,750
    $853,300
    $1,625,050

    Comparable in this City

    • Value Estimation by Request
      3,444 SF

      1908 Orlando Ave

      SHOPPING CENTER, STRIP CENTER
      1908 Orlando Ave, Cocoa Beach, FL 32931-2242
      View Details
    • Value Estimation
      $1,205,000
      25,118 SF

      2 Brevard Ave

      SHOPPING CENTER, STRIP CENTER
      2 Brevard Ave, Cocoa Beach, FL 32931-2930
      View Details
    • Value Estimation
      $1,090,000
      10,114 SF

      142 Orlando Ave

      SHOPPING CENTER, STRIP CENTER
      142 Orlando Ave, Cocoa Beach, FL 32931-4345
      View Details
    • Value Estimation by Request
      1,538 SF

      250 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER
      250 Atlantic Ave, Cocoa Beach, FL 32931-2963
      View Details
    • Value Estimation by Request
      1,538 SF

      220 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER
      220 Atlantic Ave, Cocoa Beach, FL 32931-2963
      View Details
    • Value Estimation
      $6,490,000
      31,966 SF

      1999 Atlantic Ave

      SHOPPING CENTER, STRIP CENTER
      1999 Atlantic Ave, Cocoa Beach, FL 32931-3306
      View Details

    Similar Nearby for Sale

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      Cocoa Beach Retail Salon Business

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    • $849,999

      Mixed-Use Parcel in Cocoa Beach

      Mixed-use property in vibrant downtown Cocoa Beach with commercial and residential potential.
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    • $489,000
      1,460 SF

      Cocoa Beach Commercial Opportunity

      Premier commercial property in high-traffic Cocoa Beach location, steps from beach.
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      Cocoa Beach Retail Opportunity

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      2,076 SF

      Cocoa Beach Restaurant For Sale

      Remodeled restaurant with indoor and outdoor dining in Cocoa Beach.
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    Similar Nearby for Lease

    • Contact for pricing

      Publix-Anchored Neighborhood Center Retail Space

      Retail spaces available in a Publix-anchored neighborhood center.
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    • Contact for pricing

      Publix-Anchored Retail Space Available

      Retail spaces available in Publix-anchored Cornerstone Shopping Center.
      5645 N Atlantic Ave, Cocoa Beach, FL 32931
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      Retail Location Near Ron Jon's

      Prime retail location in Cocoa Beach near Ron Jon's Surf Shop.
      225 W Cocoa Beach Cswy, Cocoa Beach, FL 32931
      View Details
    • Contact for pricing
      650 SF

      Renovated Retail Space Near Port

      Renovated retail space with high visibility near Port Canaveral.
      6200 N Atlantic Ave, Cape Canaveral, FL 32931
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      2,050 SF

      Retail Space on Highway A1A

      Retail space in a high-traffic tourist area near Publix.
      2003 N Atlantic Ave, Cocoa Beach, FL 32931
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    • Contact for pricing
      1,983 SF

      Retail Space in Cocoa Beach

      Retail center with ample parking and high visibility.
      225-299 W Cocoa Beach Cswy, Cocoa Beach, FL 32931
      View Details

    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      4.3k
    • Avg Time on site
      37 min
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    Cocoa Beach, FL 32931-3537
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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