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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Strip malls
6695 Hwy 1st 1 Cocoa, FL 32927-4932
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-5936383
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,799 SF
Lot
0.88 ac (38,333 SF)
Zoning code
BU1
APN
23-36-19-26-00000.0-0008.00
UPID
US18-5936383
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
$985k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$745k
Owner & transaction history
Mita Ents INC Of Brevard · 17 yrs held
Mita Ents INC Of Brevard
since 2008
2 recorded transactions
Zoning & alternative use
BU1 · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$745,000
+40.3%
Office building
$735,000
+38.7%
Retail stores
$655,000
+23.3%
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%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
MEDICAL BUILDING
$745,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$655,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$470,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$155 / 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
$11,531
Tax year 2023
Assessed value
$624,980
Assessed 2023
Previous assessed
$579,360
+7.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$181,420
Assessed improvement
$443,560
Land market value
$181,420
Improvement market value
$443,560
Total market value
$624,980
Applied tax rate
1,900.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
4
Total area
4,799 SF
Lot
0.88 ac (38,333 SF)
Zoning code
BU1
APN
23-36-19-26-00000.0-0008.00
UPID
US18-5936383
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Cocoa, FLZoning BU1 · permitted uses
BU1 · Cocoa, FL
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$745,000
OFFICE BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
0.88 ac
Current owner
From public records · entity-resolved
Mita Ents INC Of Brevard
Entity
Mailing address
6691 N HWY 1ST 1, COCOA, FL 32927-4932
Ownership since
2008
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
Nov 14, 2008
$950,000
Mita Ents INC Of Brevard
Wade,ted L & Julie M
Warranty Deed
$500,000 · Wade Family Trust (tr)
Dec 21, 2006
—
Wade Family Trust
Wade,ted L
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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