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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Strip malls
72 Atlantic Ave Cocoa Beach, FL 32931-2714
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0092172
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,500 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CN
APN
25-37-14-DD-00032.0-0019.00
UPID
US18-0092172
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
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Paramount Property Group LLC · 2 yrs held
Paramount Property Group LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CN · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To meet the wide spectrum of retail and service needs of the total community, this district allows certain office, business, retail and professional services, while specifically prohibiting any transient lodging facility and time share related uses.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
15.04 ac
Source
Realmo
Top alternative use upside
Office building
$830,000
+72.2%
Commercial (general)
$830,000
+72.1%
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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$830,000
Change: +72% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Jul 10 2024)
Last sale anchor
$1.35M
Jul 10 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
$386 / 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
$7,456
Tax year 2023
Assessed value
$420,210
Assessed 2023
Previous assessed
$346,760
+21.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$135,000
Assessed improvement
$285,210
Land market value
$135,000
Improvement market value
$285,210
Total market value
$420,210
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
3,500 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CN
APN
25-37-14-DD-00032.0-0019.00
UPID
US18-0092172
Jurisdiction
BREVARD
Zoning & alternative use
CN · Cocoa Beach, FLZoning CN · permitted uses
CN · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To meet the wide spectrum of retail and service needs of the total community, this district allows certain office, business, retail and professional services, while specifically prohibiting any transient lodging facility and time share related uses.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
15.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$830,000
OFFICE BUILDING
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Paramount Property Group LLC
Entity
Mailing address
70 S ATLANTIC AVE, COCOA BEACH, FL 32931-2714
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$1,350,000
Paramount Property Group LLC
Scott M Levy
Warranty Deed
—
Jun 30, 2017
—
Levy,scott M Trust
—
Deed
related
$200,000 · Sunshine Bk
Apr 13, 2015
—
Levy,scott M Trust
Levy Jack Living Trust
Quit Claim Deed
related
—
Nov 4, 2010
$220,000
Jack Levy
Gyorvary,ernest J
Warranty Deed
—
Jan 26, 2006
$170,000
Ernest J Gyorvary
Gyorvary,john T & Barbara J
Warranty Deed
related
$174,062 · Riverside National Bank
Dec 17, 1999
—
Braswell Services Group
Benson,daniel B
Trustees Deed
related
—
Jan 25, 1999
$11,900
John T Gyorvary
Quilling,michael J
Quit Claim Deed
related
—
Mar 14, 1997
$130,000
Daniel B Benson
Gyorvary,john T & Barbara J
Grant Deed
$117,000 · Seller
—
—
Ernest J Gyorvary
—
Deed Of Trust
related
$20,000 · Riverside National Bank
—
—
Levy,scott M Trust
—
Deed Of Trust
related
$200,000 · Sunshine Bk
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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