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    Property profile & analytics

    119 Mustang Way, Unit 101 Merritt Island, FL 32953-3114

    • Strip malls
    • 8,400 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    $715,000
    Last Sale
    Nov 29, 2021
    $670,000
    Location Intelligence
    Property ID
    US18-6101564
    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

    • Florida Athletic club / Fitness Center
    • Toasty Coconut / Restaurant
    • Route 3 CrossFit / Gym / Personal Trainer
    • Salty Skin Tan and Esthetics / Tanning Salon / Eyelash Salon
    • Dis Lash Boutique / Hair Salon / Hair Removal Service

    Property Details for 119 Mustang Way

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.59 lot acres
    Property size
    8,400 SF
    Zone code
    BU1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    24-36-26-BX-00000.0-0035.01
    APU
    243626BX000000003501

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $725,000

    • CAP approach

      CAP return
      Estimation
      6%
      $770,000
      6.5%
      $740,000
      7%
      $735,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $830,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $545,000
      Mixed-Use
      $670,000
      Hospitality
      $685,000
      Educational
      $570,000
      Residential Income
      $680,000
      Energy
      $630,000
      Income-Based Land
      $550,000
      Food Service
      $535,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7005
    Latitude
    28.3757
    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
    $9,253
    $90,090
    $473,420
    $563,510
    -
    $90,090
    $473,420
    $563,510

    Comparable in this City

    • Value Estimation by Request
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      3,836 SF

      5999 Courtenay Pkwysfr

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      233 Courtenay Pkwy

      SHOPPING CENTER, STRIP CENTER • 1,710 SF
      233 Courtenay Pkwy, Merritt Island, FL 32953-3407
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      $290,000
      2,772 SF

      125 Venetian Way

      SHOPPING CENTER, STRIP CENTER • 2,772 SF
      125 Venetian Way, Merritt Island, FL 32953-4144
      View Details
    • Value Estimation by Request
      5,040 SF

      1850 Courtenay Pkwy Ste, Unit 110

      SHOPPING CENTER, STRIP CENTER • 5,040 SF
      1850 Courtenay Pkwy Ste, Merritt Island, FL 32953-2630
      View Details
    • Value Estimation
      $430,000
      5,151 SF

      127 Courtenay Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,151 SF
      127 Courtenay Pkwy, Merritt Island, FL 32953-3406
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Renovated office space in high-traffic Merritt Island location.
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      Renovated office space in high-traffic Merritt Island location.
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    • Contact for pricing
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      Merritt Island Retail Space

      High-traffic retail space, prime location.
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    119 Mustang Way, Unit 101
    Merritt Island, FL 32953-3114
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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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