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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Turn key restaurants
6533 Us Hwy 1st 1, Rockledge, FL 32955-5750
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5982168
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,749 SF
Lot
1.72 ac (74,923 SF)
APN
26-37-18-DE-00065.0-0004.00
UPID
US18-5982168
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Brevard County · 2 yrs held
Brevard County
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rockledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockledge 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
$975,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,050,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.13M (Nov 20 2023)
Last sale anchor
$1.13M
Nov 20 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
$387 / 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
$17,858
Tax year 2023
Assessed value
$1,255,770
Assessed 2023
Previous assessed
$1,099,600
+14.2% YoY
Effective rate
1.42%
On assessed value
Assessed land
$749,230
Assessed improvement
$506,540
Land market value
$749,230
Improvement market value
$506,540
Total market value
$1,255,770
Applied tax rate
2,900.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
2,749 SF
Lot
1.72 ac (74,923 SF)
APN
26-37-18-DE-00065.0-0004.00
UPID
US18-5982168
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
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$850,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Brevard County
Entity
Mailing address
2725 JUDGE FRAN JAMIESON WAY, MELBOURNE, FL 32940-6605
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Brevard County
Ashma Luthra
Quit Claim Deed
related
—
Jan 6, 2020
$1,125,000
Ir Tiki LLC
Pineda Inn Bar & Grill INC
Warranty Deed
$1,312,500 · Community Bk/south
Jul 28, 2011
—
Pineda Inn Bar & Grill INC
Conch In The Head INC Coc
Trustees Deed
related
—
Oct 4, 2005
$1,872,000
Conch In The Head INC
Htk Investments LLC
Warranty Deed
$1,115,000 · Business Loan Express LLC
Oct 1, 2004
—
Record Owner
Owner,record
Grant Deed
related
—
Sep 10, 2004
$865,000
Htk Investments LLC
Pineda Inn INC
Warranty Deed
related
—
—
—
Pineda Inn Bar & Grill INC
—
Deed Of Trust
related
$795,000 · Bankfirst
—
—
Htk Investments LLC
—
Deed Of Trust
related
$472,000 · Bank Brevard
—
—
Htk Investments LLC
—
Deed Of Trust
related
$225,761 · John D Haley
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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