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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Strip malls
7000 Atlantic Ave, Cape Canaveral, FL 32920-3737
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6102551
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,196 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C1
APN
24-37-23-CG-00065.0-0009.00
UPID
US18-6102551
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
$1.03M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$1.03M
Owner & transaction history
Aicha LLC · 2 yrs held
Aicha LLC
since 2024
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
C1 · Cape Canaveral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+72.1%
Auto repair, garage
$1.3M
+51.4%
Office building
$1.2M
+37.2%
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 Cape Canaveral submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Canaveral 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
$1,025,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Current use
COMMERCIAL (GENERAL)
$1,470,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,290,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$995,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$960,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.03M (Jun 21 2024)
Last sale anchor
$1.03M
Jun 21 2024
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
$165 / 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
$7,142
Tax year 2023
Assessed value
$476,470
Assessed 2023
Previous assessed
$436,860
+9.1% YoY
Effective rate
1.50%
On assessed value
Assessed land
$164,060
Assessed improvement
$312,410
Land market value
$164,060
Improvement market value
$312,410
Total market value
$476,470
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
6
Total area
6,196 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C1
APN
24-37-23-CG-00065.0-0009.00
UPID
US18-6102551
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Cape Canaveral, FL
Zoning C1 · permitted uses
C1 · Cape Canaveral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cape Canaveral. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$995,000
MEDICAL BUILDING
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
Aicha LLC
Entity
Mailing address
PO BOX 220, COCOA, FL 32923-0220
Ownership since
2024
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 21, 2024
$1,025,000
Aicha LLC
Clayton A Castetter
Warranty Deed
$1,000,000 · Clayton Castetter
Mar 14, 2022
$150,000
Clayton A Castetter II
Clayton Castetter II
Warranty 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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