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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Commercial land
405 Miramar Ave 101 Indialantic, FL 32903-3125
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-8494316
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,678 SF
Lot
0.56 ac (24,394 SF)
Zoning code
T
APN
27-38-31-EO-00066.0-0007.00
UPID
US18-8494316
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
$1.23M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.21M
Owner & transaction history
Golden Byn LLC · 5 yrs held
Golden Byn LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
T · Indialantic, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,145,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.10M (Aug 28 2020)
Last sale anchor
$1.10M
Aug 28 2020
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
$157 / 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
$9,812
Tax year 2023
Assessed value
$585,000
Assessed 2023
Previous assessed
$585,000
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$585,000
Land market value
$585,000
Total market value
$585,000
Applied tax rate
54.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,678 SF
Lot
0.56 ac (24,394 SF)
Zoning code
T
APN
27-38-31-EO-00066.0-0007.00
UPID
US18-8494316
Jurisdiction
BREVARD
Zoning & alternative use
T · Indialantic, FL
Zoning T · permitted uses
T · Indialantic, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indialantic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Golden Byn LLC
Entity
Mailing address
2061 INDIAN RIV BLVD, VERO BEACH, FL 32960-7214
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
—
Golden Byn LLC
—
Deed
related
$1,000,000 · Bellefrau Group LLC
Aug 28, 2020
$1,100,000
Golden Byn LLC
405 Miramar LLC
Grant Deed
$715,000 · One Florida Bk
Nov 1, 2006
—
405 Miramar LLC
Haagenson,roger D & Sherry L
Warranty Deed
—
Oct 30, 2006
—
Roger D Haagenson
Parmar,udaysinh S Coc
Trustees Deed
related
—
Jun 3, 2005
—
Hira INC
—
Trustees Deed
related
$200,000 · Warren H Stumes
Jul 12, 2001
$1,050,000
Hira INC
Esposito,claudio & Claudia
Grant Deed
$1,000,000 · Claudio & Claudia Esposito
—
—
Hira INC
—
Deed Of Trust
related
$200,000 · Roger D & Sherry L Haagenson
—
—
Hira INC
—
Deed Of Trust
related
$1,550,000 · Roger D & Sherry L Haagenson
—
—
405 Miramar LLC
—
Deed Of Trust
related
$2,150,000 · Roger D & Sherry L Haagenson
—
—
Miramar LLC
—
Deed Of Trust
related
$1,300,000 · Coastal 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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