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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Strip malls
627 Brevard Ave Cocoa, FL 32922-7807
Individually Owned
Free & Clear
Property ID
US18-5915640
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,081 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CBD
APN
24-36-33-75-00000.0-0004.00
UPID
US18-5915640
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 Unwinding Spot LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$550k
Owner & transaction history
Richard Fernandez
Richard Fernandez
since 2025
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
CBD · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district are intended to apply to the central commercial, professional, financial, governmental and civic core of the city as described in the comprehensive plan and which is entirely within a designated redevelopment area.
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
45.14 ac
Source
Realmo
Top alternative use upside
Medical building
$635,000
+40.3%
Office building
$620,000
+37.2%
Auto repair, garage
$525,000
+16.1%
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 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
$570,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Current use
MEDICAL BUILDING
$635,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$525,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$400,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $575k (May 3 2022)
Last sale anchor
$575k
May 3 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
$135 / 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
$10,760
Tax year 2023
Assessed value
$486,470
Assessed 2023
Previous assessed
$242,720
+100.4% YoY
Effective rate
2.21%
On assessed value
Assessed land
$112,560
Assessed improvement
$373,910
Land market value
$112,560
Improvement market value
$373,910
Total market value
$486,470
Applied tax rate
23.0000
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
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
3
Total area
4,081 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CBD
APN
24-36-33-75-00000.0-0004.00
UPID
US18-5915640
Jurisdiction
BREVARD
Zoning & alternative use
CBD · Cocoa, FLZoning CBD · permitted uses
CBD · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district are intended to apply to the central commercial, professional, financial, governmental and civic core of the city as described in the comprehensive plan and which is entirely within a designated redevelopment area.
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
45.14 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$400,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Richard Fernandez
Individual
Free & Clear · 0 yrs held
Mailing address
15 N INDIAN RIV DR APT #504, COCOA, FL 32922-4728
Ownership since
2025
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
Aug 5, 2025
—
Richard Fernandez
Jack D Brown
Quitclaim Deed
related
—
May 3, 2022
$575,000
Lodging Decisions INC
Rlr Group LLC
Warranty Deed
$535,000 · Rlr Group LLC
Dec 7, 2007
—
Rlr Group LLC
Campbell Rheta C Trust
Quit Claim Deed
related
—
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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