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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Turn key restaurants
724 Patrick Dr, Satellite Beach, FL 32937-3875
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0375840
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
WOOD
Total area
4,830 SF
Lot
1.04 ac (45,302 SF)
Zoning code
BU-1
APN
26-37-27-00-00008.0-0000.00
UPID
US18-0375840
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
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.30M
Owner & transaction history
Datfam LLC · 1 yrs held
Datfam LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
BU-1 · Satellite Beach, FL
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 Satellite Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Satellite 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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,845,000
Current use
COMMERCIAL (GENERAL)
$1,495,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Oct 7 2024)
Last sale anchor
$1.30M
Oct 7 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
$269 / 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
$12,335
Tax year 2023
Assessed value
$740,750
Assessed 2023
Previous assessed
$740,750
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$324,970
Assessed improvement
$415,780
Land market value
$324,970
Improvement market value
$415,780
Total market value
$740,750
Applied tax rate
4,100.0000
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
2006
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,830 SF
Lot
1.04 ac (45,302 SF)
Zoning code
BU-1
APN
26-37-27-00-00008.0-0000.00
UPID
US18-0375840
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Satellite Beach, FL
Zoning BU-1 · permitted uses
BU-1 · Satellite Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Satellite Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
2006
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Datfam LLC
Entity
Mailing address
17 BARBARA CT, SATELLITE BEACH, FL 32937-3919
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
$1,300,000
Datfam LLC
Scorpion Properties LLC
Warranty Deed
$648,000 · Florida First Capital Finance Corpo
Sep 13, 2019
—
Scorpion Properties LLC
—
Deed
related
$680,000 · Sunrise Bk
Jan 3, 2006
—
Scorpion Properties LLC
—
Trustees Deed
related
$700,000 · Platinum Bank
Jan 12, 2005
$465,000
Scorpion Properties LLC
Bruce J Edwards
Warranty Deed
$277,000 · Colonial Bank NA
Jul 26, 2002
$336,000
Edwards,tr
Mclaughlin,bernard
Grant Deed
$297,750 · Bank Brevard
Nov 7, 2001
$290,000
Bernard Mclaughlin
Nguyen,mai & Khanh
Grant Deed
$255,000 · Mai & Khanh Nguyen
—
—
Scorpion Properties LLC
—
Deed Of Trust
related
$580,000 · Sunrise Bk
—
—
Scorpion Properties LLC
—
Loan Modification
related
$680,000 · Sunrise Bk
—
—
Scorpion Properties LLC
—
Deed Of Trust
related
$270,000 · Platinum Bank
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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