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Property profile & analytics
OFF-MARKET
Medical Office Space
107 Merrimac St Edgewater, FL 32132-1905
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3159125
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,998 SF
Lot
0.34 ac (14,850 SF)
Zoning code
R2
APN
7452-01-00-0083
UPID
US18-3159125
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
Current use
Occupant on record · Public records
-
Murphy Christopher DPM Physician
-
Murphy Podiatry Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Murphy,christopher B Trust · 9 yrs held
Murphy,christopher B Trust
since 2017
7 recorded transactions
Zoning & alternative use
R2 · Edgewater, 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,041
Tax year 2023
Assessed value
$317,125
Assessed 2023
Previous assessed
$294,862
+7.6% YoY
Effective rate
1.90%
On assessed value
Assessed land
$63,113
Assessed improvement
$254,012
Land market value
$63,113
Improvement market value
$254,012
Total market value
$317,125
Applied tax rate
604.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,998 SF
Lot
0.34 ac (14,850 SF)
Zoning code
R2
APN
7452-01-00-0083
UPID
US18-3159125
Jurisdiction
VOLUSIA
Zoning & alternative use
R2 · Edgewater, FL
Zoning R2 · permitted uses
R2 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Murphy,christopher B Trust
Trust
Mailing address
107 MERRIMAC ST, EDGEWATER, FL 32132-1905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2017
—
Murphy,christopher B Trust
Murphy,christopher B
Quit Claim Deed
related
—
Jun 24, 2016
—
Christopher B Murphy
Murphy,karen W
Quit Claim Deed
related
—
Dec 4, 2006
—
Christopher B Murphy
—
Trustees Deed
related
$421,600 · Bank Of America
May 10, 2006
$262,500
Christopher B Murphy
Zemko,dennis A
Warranty Deed
$331,500 · Bank Of America
—
—
Christopher B Murphy
—
Deed Of Trust
related
$125,800 · Bank Of America
—
—
Dennis A Zemko
—
Deed Of Trust
related
$55,061 · Bank Of America
—
—
Dennis A Zemko
—
Deed Of Trust
related
$74,000 · Bank Of America
—
—
Dennis A Zemko
—
Deed Of Trust
related
$34,000 · Bank Of America
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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