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Property profile & analytics
FOR LEASE
Strip malls
4350 N Atlantic Ave Cocoa Beach, FL 32931
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6025189
For Lease
1 / 22
$2,100/Mo
4350 N Atlantic Ave, Cocoa Beach, FL 32931
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,858 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CN
APN
24-37-35-CI-00019.0-0016.00
UPID
US18-6025189
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
-
The Art Of Skin Spa & Massage Center Skin Care Clinic
-
Matthew Stebbins - Space Coast Elite Homes Team @ Dalton Wade Real Estate Group Real Estate Agency
-
Langston Real Estate Services Painting Handyman/Handywoman/Handyperson
-
Qik IT Solution Marketing & Advertising
-
Premier Medical Clinic |Primary Care| Occupational Health| Dr. Modi| Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.08M
Owner & transaction history
Florida First Capital Finance Corp · 3 yrs held
Florida First Capital Finance Corp
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
CN · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+146.7%
Office building
$2.1M
+72.2%
Commercial (general)
$2.1M
+72.1%
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
Method
Estimation
Statistic approach
$2,075,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
RESTAURANT
$3,010,000
Change: +147% · Conversion: Difficult
OFFICE BUILDING
$2,100,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,100,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,845,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$1,425,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$1,375,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.10M (Jul 5 2022)
Last sale anchor
$2.10M
Jul 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
$235 / 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
$28,796
Tax year 2023
Assessed value
$1,694,710
Assessed 2023
Previous assessed
$931,950
+81.8% YoY
Effective rate
1.70%
On assessed value
Assessed land
$518,400
Assessed improvement
$1,176,310
Land market value
$518,400
Improvement market value
$1,176,310
Total market value
$1,694,710
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
5
Total area
8,858 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CN
APN
24-37-35-CI-00019.0-0016.00
UPID
US18-6025189
Jurisdiction
BREVARD
Zoning & alternative use
CN · Cocoa Beach, FL
Zoning 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
Cocoa Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
0.79 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Free & Clear · 3 yrs held
Mailing address
3003 TRASONA DR, MELBOURNE, FL 32940-7670
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
Florida First Capital Finance Corp
Dixitkumar N Modi Md Pa
Assignment Of Lease (leasehold Sale)
—
Jul 5, 2022
$2,100,000
Dixitkumar N Modi And Family LLC
Robert A Baugher
Warranty Deed
$1,066,450 · Td Bank NA
Dec 2, 2016
—
Robert A Baugher
Beachside Commercial Props LLC
Quit Claim Deed
related
—
Apr 7, 2016
—
Beachside Commercial Props LLC
Baugher,robert A
Warranty Deed
related
—
—
—
Baugher,robert A Tr
—
Loan Modification
related
$898,508 · Community Bank South
—
—
Baugher,robert A Tr
—
Deed Of Trust
related
$820,000 · Republic Bank
—
—
Baugher Robert A Tr
—
Deed Of Trust
related
$299,155 · Community Bank South
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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