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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Industrial properties
51 Orlando Ave Cocoa Beach, FL 32931-2910
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-8376686
Property summary
AI-generated overview
This exceptional single-tenant retail property, located at 51 N Orlando Avenue in the heart of Cocoa Beach, Florida (32931), offers 1,820 square feet of versatile commercial space. The property sits on a 0.1-acre lot (APN: 25-37-11-Db-00100.0-0027.00) and boasts a well-designed layout including a reception area, a spacious studio/showroom area perfect for showcasing products or services, a convenient kitchenette, two private offices ideal for administrative tasks, ample storage space, and a half-bathroom. Its prime downtown location ensures high foot traffic and excellent visibility, benefiting from the bustling activity of nearby restaurants and shops. The property's proximity to a parking garage further enhances its accessibility and convenience for customers and employees. This turnkey space presents a fantastic opportunity for a variety of retail businesses seeking a thriving location in a vibrant coastal community. The property is ready for immediate occupancy. Don't miss this chance to establish your business in a high-demand area. Contact us today to schedule a showing.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,823 SF
Lot
0.1 ac (4,356 SF)
APN
25-37-11-DB-00100.0-0027.00
UPID
US18-8376686
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
$1.58M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.51M
Owner & transaction history
Baldino Studios INC · 3 yrs held
Baldino Studios INC
since 2023
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+0.1%
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
$1,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,460,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,090,000
Current use
OFFICE BUILDING
$2,090,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,840,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $1.50M (Jun 12 2023)
Last sale anchor
$1.50M
Jun 12 2023
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
$171 / 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
$9,412
Tax year 2023
Assessed value
$608,870
Assessed 2023
Previous assessed
$595,910
+2.2% YoY
Effective rate
1.55%
On assessed value
Land market value
$66,630
Improvement market value
$566,460
Total market value
$633,090
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Units
2
Total area
8,823 SF
Lot
0.1 ac (4,356 SF)
APN
25-37-11-DB-00100.0-0027.00
UPID
US18-8376686
Jurisdiction
BREVARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Units
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Baldino Studios INC
Entity
Free & Clear · 3 yrs held
Mailing address
51 N ORLANDO AVE, COCOA BEACH, FL 32931-2910
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
—
Baldino Studios INC
Cocoa Abode LLC
Quit Claim Deed
related
—
Jun 12, 2023
$1,500,000
Anna Marie Jayne
Baldino Studios INC
Warranty Deed
—
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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