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    430 Merritt Island Cswy Merritt Island, FL 32952

    For Sale
    $4,950,000
    Property size:
    9,084 SF
    Added:
    Dec 11, 2024
    Days on Market:
    363

    Property Features for 430 Merritt Island Cswy

    General Information

    Property type
    Motels
    Square Feet
    9,084 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1959
    Buildings
    3
    Stories
    2

    HighLights

    • High‑income‑producing motel with established clientele and transient guests.
    • One of only two hotels on the island, commanding a strong market position.
    • Excellent location offering strategic market access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aladdin Motel By ... Hotel

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7054799
    Latitude
    28.357264

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    FAQs

    Where is this motel located?
    The property is located at 430 Merritt Island Cswy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: High-income-producing motel with established clientele and transient guests.; One of only two hotels on the island, commanding a strong market position.; Excellent location offering strategic market access.
    Request Owner's contact information
    430 Merritt Island Cswy Merritt Island, FL 32952
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    Merritt Island, FL 32952
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    430 Merritt Island Cswy Merritt Island, FL 32952
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