Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Sykes Crk Pkwy Merritt Island, FL 32952-3512

    • Banks
    • 11,036 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3126927
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wells Fargo Bank / Bank / Loan Service
    • Wells Fargo ATM / Atm
    • Warren Wnek - 1397248 - Wells Fargo Home Mortgage / Loan Service / Bank
    • Les Saulmon - 461841 - Wells Fargo Home Mortgage / Loan Service / Bank
    • Wells Fargo Home Mortgage / Loan Service / Bank

    Property Details for 100 Sykes Crk Pkwy

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    1.99 lot acres
    Property size
    11,036 SF
    Zone code
    BU1
    Property type
    Banks
    APN
    24-36-36-00-00270.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $690,000
      Current use
      MEDICAL BUILDING
      $850,000
      Change: +24% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $730,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6827
    Latitude
    28.3561
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,169
    $1,149,460
    $667,620
    $1,817,080
    -
    $1,149,460
    $667,620
    $1,817,080

    Comparable in this City

    • Value Estimation
      $895,000
      24,089 SF

      300 Plumosa St

      FINANCIAL BUILDING • 24,089 SF
      300 Plumosa St, Merritt Island, FL 32952-3526
      View Details
    • Value Estimation by Request
      4,913 SF

      760 Merritt Is Cswy

      FINANCIAL BUILDING • 4,913 SF
      760 Merritt Is Cswy, Merritt Island, FL 32952-3509
      View Details
    • Value Estimation by Request
      5,683 SF

      250 Merritt Is Cswy

      FINANCIAL BUILDING • 5,683 SF
      250 Merritt Is Cswy, Merritt Island, FL 32952-3637
      View Details
    • Value Estimation
      $910,000
      23,548 SF

      415 Fortenberry Rd

      FINANCIAL BUILDING • 23,548 SF
      415 Fortenberry Rd, Merritt Island, FL 32952-3521
      View Details
    • Value Estimation by Request
      4,310 SF

      445 Fortenberry Rd

      FINANCIAL BUILDING • 4,310 SF
      445 Fortenberry Rd, Merritt Island, FL 32952-3521
      View Details
    • Value Estimation
      $500,000
      8,501 SF

      15 Merritt Is Cswy

      FINANCIAL BUILDING • 8,501 SF
      15 Merritt Is Cswy, Merritt Island, FL 32952-3632
      View Details

    Similar Nearby for Sale

    • $3,749,900
      16,500 SF

      Merritt Island Retail Opportunity

      Retail property on SR520 with high traffic exposure.
      234 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $3,249,900
      12,444 SF

      Renovated Mixed-Use Building For Sale

      Renovated, fully occupied mixed-use building on SR 520.
      76 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $925,000
      34,412 SF

      Merritt Island Retail Opportunity

      High-traffic retail land, 34,412 SF
      440 Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $6,230,769
      1,789 SF

      Merritt Island Car Wash Investment

      NNN leased car wash on 2.07-acre parcel.
      525 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $870,000

      Merritt Island Car Wash Opportunity

      Operating car wash on 0.43 acres in high-traffic area.
      226 S Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • $9,998,900
      63,125 SF

      Former Car Dealership on Causeway

      Former car dealership with offices, service bays, and extra amenities.
      1850 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details

    Similar Nearby for Lease

    • $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
    • $2,060 /Mo
      4,398 SF

      Retail/Office Space on SR 520

      Retail/Office space with high visibility in Merritt Island, FL.
      91 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $1,150 /Mo
      2,420 SF

      Remodeled Retail Space For Rent

      Remodeled 680 SF retail space in thriving shopping center.
      128 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $2,736 /Mo
      11,700 SF

      Modern Retail/Office Space Available

      New construction retail/office space in high-traffic Merritt Island location.
      315 S Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • Contact for pricing
      811,277 SF

      Merritt Square Mall Retail Space

      Prime Brevard County retail space, multiple units available.
      777 Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $30 SF/Yr
      3,614 SF

      Merritt Island Retail Opportunity

      Retail and restaurant spaces available in a busy shopping center.
      770 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    100 Sykes Crk Pkwy
    Merritt Island, FL 32952-3512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.