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Property profile & analytics
OFF-MARKET
Estimated value
$14,075,000
Automotive properties
4654 Hwy 520 Cocoa, FL 32926
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-6819658
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
97,301 SF
Lot
11.15 ac (485,694 SF)
Zoning code
CG
APN
24-35-26-00-00541.0-0000.00
UPID
US18-6819658
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
$16.68M
Blend (final)
Blend
$14.08M
Owner & transaction history
Erdman Properties LLC · 9 yrs held
Erdman Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
CG · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.1M
+20.9%
Office building
$14.9M
+19.5%
Retail stores
$13.3M
+6.2%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa 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
AUTO REPAIR, GARAGE
$12,495,000
Current use
MEDICAL BUILDING
$15,100,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$14,930,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$13,275,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,760,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$14.08M
Range $12.67M – $15.48M · ±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
$145 / 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
$249,482
Tax year 2023
Assessed value
$11,796,710
Assessed 2023
Previous assessed
$11,759,580
+0.3% YoY
Effective rate
2.11%
On assessed value
Assessed land
$728,540
Assessed improvement
$11,068,170
Land market value
$728,540
Improvement market value
$11,068,170
Total market value
$11,796,710
Applied tax rate
13.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
97,301 SF
Lot
11.15 ac (485,694 SF)
Zoning code
CG
APN
24-35-26-00-00541.0-0000.00
UPID
US18-6819658
Jurisdiction
BREVARD
Zoning & alternative use
CG · Cocoa, FL
Zoning CG · permitted uses
CG · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$15.1M
OFFICE BUILDING
Est. value
$14.9M
RETAIL STORES
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
11.15 ac
Current owner
From public records · entity-resolved
Erdman Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
4650 HWY 520, COCOA, FL 32926-2333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Oct 14, 2016
$25,000
Erdman Properties LLC
East Florida Motor Sales INC
Warranty Deed
—
Apr 25, 2011
—
East Florida Motor Sales INC
—
Deed Of Trust
related
$3,700,000 · Sunrise Bank
Nov 26, 2008
—
East Florida Motor Sales INC
East Florida Motor Sales INC
Quit Claim Deed
related
—
Aug 2, 2006
$55,000
East Florida Motor Sales INC
Tillery,don E
Grant Deed
—
Jun 30, 2006
$2,795,900
East Florida Motor Sales INC
Tillery,don E
Deed Of Trust
related
$3,700,000 · Sunrise Bank
—
—
Florida Motor Sales East
—
Deed Of Trust
related
$600,000 · Sunrise Bank
—
—
East Florida Motor Sales INC
—
Deed Of Trust
related
$500,000 · Sunrise 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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