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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Apartment buildings
1155 Courtenay Pkwy Merritt Island, FL 32953-4512
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0656952
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,494 SF
Lot
20.8 ac (906,048 SF)
Zoning code
RU215
APN
24-36-23-BX-00000.0-0019.01
UPID
US18-0656952
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
-
Wells Boys Property Management Property Management Company
-
Costa Vue Apartments Apartment Complex Apartment Building
-
Sunshine Outdoor Adventures (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.74M
Owner & transaction history
Cc Group I LLC · 23 yrs held
Cc Group I LLC
since 2002
4 recorded transactions
Zoning & alternative use
RU215 · Merritt Island, 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 Merritt Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merritt Island 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10%
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
$79 / 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
$182,593
Tax year 2023
Assessed value
$11,043,570
Assessed 2023
Previous assessed
$9,436,900
+17.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$630,000
Assessed improvement
$10,413,570
Land market value
$630,000
Improvement market value
$10,413,570
Total market value
$11,043,570
Applied tax rate
2,200.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
2
Units
40
Rooms
300
Bathrooms
4
Total area
34,494 SF
Lot
20.8 ac (906,048 SF)
Zoning code
RU215
APN
24-36-23-BX-00000.0-0019.01
UPID
US18-0656952
Jurisdiction
BREVARD
Zoning & alternative use
RU215 · Merritt Island, FL
Zoning RU215 · permitted uses
RU215 · Merritt Island, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Merritt Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
8
Units
40
Rooms
300
Bathrooms
4
Lot
20.8 ac
Current owner
From public records · entity-resolved
Cc Group I LLC
Entity
Mailing address
211 CAROLINE ST OFC, CAPE CANAVERAL, FL 32920-2763
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2020
—
Country Club Apts Of Merritt Isla
—
Deed
related
$9,323,000 · Valley Nat'l Bk
Nov 12, 2002
$4,500,000
Cc Group I LLC
Louis B Fine Family LP
Grant Deed
$2,500,000 · Cnl Bank
—
—
Country Club Apartments Of Merrit|polaris LLC
—
Loan Modification
related
$2,537,523 · Florida Cmnty Bk
—
—
Country Club Apts Of Merritt Isla
—
Deed Of Trust
related
$9,323,000 · Valley Nat'l Bk
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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