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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Office buildings
441 5th Ave Indialantic, FL 32903
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-0541366
Property summary
AI-generated overview
This exceptional 5,539 square foot, two-story Class B office building, constructed in 1987, is situated at 441 5th Avenue, Indialantic, FL 32903, near the intersection of N Riverside Drive. The property features a single-tenant occupancy of 2,178 square feet currently available. The space is a traditional office layout, offering a versatile design with a waiting area, reception area, nine individual offices, a mechanical room, and two half-bathrooms. The building's flexible design allows for adaptable wall configurations to suit various business needs. The building is served by Florida Power & Light (FPL) and has open parking. There are no elevators. The zoning is designated for professional office use, and the APN is 2730157. This property presents a unique opportunity in a desirable Indialantic location. The building's Georgian architectural style adds to its distinctive character. The convenient location offers proximity to the beach, enhancing its appeal. This is a single-tenant space, ideal for a business seeking a well-appointed and adaptable office environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
WOOD
Total area
6,118 SF
Lot
0.61 ac (26,572 SF)
Zoning code
C1
APN
27-37-36-EO-00008.0-0003.00
UPID
US18-0541366
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
$1.37M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.18M
Owner & transaction history
445 Fifth Avenue LLC · 7 yrs held
445 Fifth Avenue LLC
since 2019
3 recorded transactions
Zoning & alternative use
C1 · Indialantic, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+25.5%
Auto repair, garage
$1.3M
+10.4%
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%
$1,480,000
6.5%
$1,365,000
7%
$1,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,155,000
Current use
COMMERCIAL (GENERAL)
$1,450,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,275,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$985,000
Change: -15% · Conversion: Moderate
MEDICAL BUILDING
$950,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$193 / 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
$14,043
Tax year 2023
Assessed value
$787,200
Assessed 2023
Previous assessed
$712,610
+10.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$307,050
Assessed improvement
$480,150
Land market value
$307,050
Improvement market value
$480,150
Total market value
$787,200
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
2
Total area
6,118 SF
Lot
0.61 ac (26,572 SF)
Zoning code
C1
APN
27-37-36-EO-00008.0-0003.00
UPID
US18-0541366
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Indialantic, FL
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$985,000
MEDICAL BUILDING
Est. value
$950,000
OFFICE BUILDING Current
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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
445 Fifth Avenue LLC
Entity
Free & Clear · 7 yrs held
Mailing address
510 ELEUTHERA LN, INDIAN HARBOUR BEACH, FL 32937-4415
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2019
$100
445 Fifth Avenue LLC
Hadjilogiou John Trust
Warranty Deed
—
Aug 12, 2005
—
Hadjilogiou John Trust
Hadjilogiou,john & Frances
Quit Claim Deed
related
—
—
—
John Hadjilogiou
—
Deed Of Trust
related
$300,000 · Bank Brevard
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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