Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Office buildings
476 Hwy A1a Satellite Beach, FL 32937-2889
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-0187399
Property summary
AI-generated overview
This exceptional 15,322 square foot office building in Satellite Beach, Florida, presents a compelling investment opportunity. Located at 476 Highway A1A, this two-story structure, built in 1965, features a durable concrete and stucco exterior with a built-up and membrane roof. The property offers 11,559 square feet of leasable space divided into 18 units, catering to diverse business needs. Suite sizes range from executive suites (125-275 sq ft) to larger primary suites (400-1,634 sq ft), providing flexibility for various tenants. Ample parking is available with 49 designated spaces. City water and sewer services are provided. The property sits on a lot with dimensions not specified in the provided information and is zoned for commercial use. This well-maintained building offers a strong foundation for immediate income generation and long-term appreciation, making it an attractive investment in a desirable Florida location. The asking price is $2,700,000. The property's address is 476 Highway A1A, Satellite Beach, FL 32937.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,552 SF
Lot
0.86 ac (37,462 SF)
Zoning code
BU1
APN
26-37-26-00-00002.0-0000.00
UPID
US18-0187399
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
$3.48M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.03M
Owner & transaction history
Satellite Building LLC · 21 yrs held
Satellite Building LLC
since 2005
3 recorded transactions
Zoning & alternative use
BU1 · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+41.6%
Auto repair, garage
$3.5M
+2.2%
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 Satellite Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Satellite 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,760,000
6.5%
$3,475,000
7%
$3,225,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,400,000
Current use
COMMERCIAL (GENERAL)
$4,815,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,475,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±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
$195 / 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
$18,953
Tax year 2023
Assessed value
$1,383,730
Assessed 2023
Previous assessed
$1,204,440
+14.9% YoY
Effective rate
1.37%
On assessed value
Assessed land
$524,270
Assessed improvement
$859,460
Land market value
$524,270
Improvement market value
$859,460
Total market value
$1,383,730
Applied tax rate
4,100.0000
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
10
Total area
15,552 SF
Lot
0.86 ac (37,462 SF)
Zoning code
BU1
APN
26-37-26-00-00002.0-0000.00
UPID
US18-0187399
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Satellite Beach, FL
Zoning BU1 · permitted uses
BU1 · Satellite Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Satellite Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
10
Lot
0.86 ac
Current owner
From public records · entity-resolved
Satellite Building LLC
Entity
Mailing address
626 OLD DIXIE HWY SW, VERO BEACH, FL 32962-4536
Ownership since
2005
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
Feb 8, 2005
$1,153,700
Satellite Building LLC
Ankrom,william R & Linda S
Warranty Deed
—
Sep 1, 2004
—
Record Owner
Owner,record
Grant Deed
related
—
Aug 4, 2004
$940,000
William R Ankrom
Kilejian,v J
Warranty Deed
related
$680,000 · Harbor Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 476 Hwy A1a?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
