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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Strip malls
119 Mustang Way 101 Merritt Island, FL 32953-3114
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6101564
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,400 SF
Lot
0.59 ac (25,700 SF)
Zoning code
BU1
APN
24-36-26-BX-00000.0-0035.01
UPID
US18-6101564
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
-
Florida Athletic club Gym & Fitness Center
-
Toasty Coconut Restaurant
-
Route 3 CrossFit Gym & Fitness Center
-
Salty Skin Tan and Esthetics Tanning Salon
-
Dis Lash Boutique Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$931k
Blend (final)
Blend
$690k
Owner & transaction history
Anzarina Holdings LLC · 4 yrs held
Anzarina Holdings LLC
since 2021
Last sale
$670,000
5 recorded transactions
Zoning & alternative use
BU1 · 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
$725,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $670k (Nov 29 2021)
Last sale anchor
$670k
Nov 29 2021
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
$82 / 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
$9,253
Tax year 2023
Assessed value
$563,510
Assessed 2023
Previous assessed
$544,870
+3.4% YoY
Effective rate
1.64%
On assessed value
Assessed land
$90,090
Assessed improvement
$473,420
Land market value
$90,090
Improvement market value
$473,420
Total market value
$563,510
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
8,400 SF
Lot
0.59 ac (25,700 SF)
Zoning code
BU1
APN
24-36-26-BX-00000.0-0035.01
UPID
US18-6101564
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Merritt Island, FL
Zoning BU1 · permitted uses
BU1 · 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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
Anzarina Holdings LLC
Entity
Mailing address
11951 INTERNATIONAL DR UNIT 2C4, ORLANDO, FL 32821-7395
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
$670,000
Anzarina Holdings LLC
Thinktank Media INC
Warranty Deed
$502,500 · Mainstreet Community Bank Of Florid
Jun 10, 2013
$270,100
Fargo Bk NA Wells
Jsj Investments LLP Coc
Trustees Deed
related
—
May 5, 2005
$700,000
Jsj Investments LLP
Ann H Block
Warranty Deed
$560,000 · Wachovia Bank NA
—
—
Irving N Block
—
Deed Of Trust
related
$180,000 · Bank Of America
—
—
Irving N Block
—
Deed Of Trust
related
$25,000 · Josephine M Block
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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