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Property profile & analytics
OFF-MARKET
Estimated value
$6,130,000
Office buildings
7222 Marbella Ct, Cape Canaveral, FL 32920
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6121855
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1961
Construction
CONCRETE
Total area
20,975 SF
Lot
10.86 ac (473,062 SF)
Zoning code
C2
APN
24-37-23-00-00500.0-0000.00
UPID
US18-6121855
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
$4.69M
Comparable Approach
Comparable
$5.91M
Blend (final)
Blend
$6.13M
Owner & transaction history
7315 7321 N Atlantic Avenue LLC · 2 yrs held
7315 7321 N Atlantic Avenue LLC
since 2023
2 recorded transactions
Zoning & alternative use
C2 · Cape Canaveral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+79.8%
Commercial (general)
$5.0M
+25.5%
Auto repair, garage
$4.4M
+10.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,075,000
6.5%
$4,685,000
7%
$4,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,965,000
Current use
RESTAURANT
$7,125,000
Change: +80% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,970,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,375,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$6.13M
Range $5.52M – $6.74M · ±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
$292 / 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
$90,280
Tax year 2023
Assessed value
$6,354,510
Assessed 2023
Previous assessed
$6,041,110
+5.2% YoY
Effective rate
1.42%
On assessed value
Assessed land
$2,838,370
Assessed improvement
$3,516,140
Land market value
$2,838,370
Improvement market value
$3,516,140
Total market value
$6,354,510
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
20,975 SF
Lot
10.86 ac (473,062 SF)
Zoning code
C2
APN
24-37-23-00-00500.0-0000.00
UPID
US18-6121855
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Cape Canaveral, FL
Zoning C2 · permitted uses
C2 · 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
OFFICE BUILDING Current
Est. value
$4.0M
RESTAURANT
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1961
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
10.86 ac
Current owner
From public records · entity-resolved
7315 7321 N Atlantic Avenue LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5330 YACHT HVN GRANDE ST THOMAS XX 802
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
7315 7321 N Atlantic Avenue LLC
Iap World Services INC
Quit Claim Deed
related
—
—
—
Iap World Services INC
—
Deed Of Trust
related
$3,500,000 · Cerberus Capital Management LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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