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    Property profile & analytics

    84 Banana Riv Dr # Dr Merritt Island, FL 32952

    • Land
    For Sale
    View listing
    $1,450,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 84 Banana Riv Dr # Dr

    Property type
    Land
    Property subtype
    Apartment buildings

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6618
    Latitude
    28.3562

    Comparable in this City

    • Value Estimation by Request
      9,178 SF

      485 Tropical Trl

      APARTMENT HOUSE (5+ UNITS) • 9,178 SF
      485 Tropical Trl, Merritt Island, FL 32952-4969
      View Details
    • Value Estimation by Request
      21,666 SF

      439 Magnolia Ave

      APARTMENT HOUSE (5+ UNITS) • 21,666 SF
      439 Magnolia Ave, Merritt Island, FL 32952-4821
      View Details
    • Value Estimation by Request
      18,333 SF

      442 Magnolia Ave

      APARTMENT HOUSE (5+ UNITS) • 18,333 SF
      442 Magnolia Ave, Merritt Island, FL 32952-4869
      View Details
    • Value Estimation by Request

      29xx Newfound Harbor Dr

      Land
      29xx Newfound Harbor Dr, Merritt Island, FL 32952
      View Details
    • Value Estimation by Request

      155 Hacienda Dr

      Land
      155 Hacienda Dr, Merritt Island, FL 32952
      View Details
    • Value Estimation by Request

      00 Eddy St

      Land
      00 Eddy St, Merritt Island, FL 32952
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Banana River Waterfront Redevelopment

      Prime Merritt Island Commercial Land
      84 Banana Riv Dr # Dr, Merritt Island, FL 32952
      View Details
    • $94,900
      550 SF

      Updated Co-Op Near Banana River

      Updated first-floor co-op unit with deeded carport near Cocoa Beach.
      205 Buccaneer Ave, Merritt Island, FL 32952
      View Details
    • $125,000
      704 SF

      Merritt Island Multifamily Unit

      Well-maintained 2-bedroom end unit with modern upgrades and community amenities.
      215 Buccaneer Ave, Merritt Island, FL 32952
      View Details
    • $650,000

      Merritt Island Waterfront Land

      Prime 60,548 sq ft lot, Intracoastal access.
      243719778 Sun Pointe Pl, Merritt Island, FL 32952
      View Details
    • $175,000

      Merritt Island Commercial Land

      Prime 2-Acre Waterfront Lot, $175,000
      000 Unknown Pkwy, Merritt Island, FL 32952
      View Details
    • $300,000

      Merritt Island Riverfront Land

      5+ Acre Commercial/Residential Lot, Owner Financing
      3450 Courtenay Pkwy, Merritt Island, FL 32952
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      66,318 SF

      Merritt Island Causeway Retail Space

      Prime Retail & Office Opportunity: 66,318 SF
      1850 Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $25 SF/Yr
      6,670 SF

      Watson Plaza: Merritt Island Office Space

      Merritt Island office, 1,112-2,224 sq ft available
      141 Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • $24 SF/Yr
      1,340 SF

      Island Oaks Plaza: Last Suite Available

      Brand new retail/office space, high visibility.
      315 Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • $1,150 /Mo
      2,420 SF

      Remodeled Retail Space in Merritt

      Remodeled 680 SF retail space in thriving shopping center.
      128 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $75,000
      301,435 SF

      Former Car Dealership For Rent

      Former car dealership with office, service, and recreational spaces.
      1850 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $14 SF/Yr
      82,163 SF

      Merritt Island Retail Center

      High-traffic location, ample parking, diverse spaces.
      780 Merritt Island Cswy, Merritt Island, FL 32952
      View Details
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    84 Banana Riv Dr # Dr
    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
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