1200 Courtenay Pkwy Merritt Island, FL 32952-3813
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$10.57M
Range $9.51M – $11.62M (±10%)
Property ID
US18-5919811
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Construction
CONCRETE
Total area
77,627 SF
Lot
13.36 ac (581,962 SF)
Zoning code
PUD
APN
25-36-01-54-0000B.0-0000.00
UPID
US18-5919811
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Church
-
Retirement Community
-
Veterinary Clinic
-
Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.57M
Owner & transaction history
since 2022
Last sale
$10.7M
6 recorded transactions
Zoning & alternative use
PUD · Merritt Island, FL
Top alternative use upside
Commercial (general)
$16.3M
+854.9%
Office building
$13.1M
+669.1%
Industrial (general)
$12.5M
+632.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.57M
Value range
$9.51M – $11.62M
±10% around blend
Estimated value / SF
$136 / SF
Confidence
Property data
88
Comparable evidence
60
$9.51M
blend $10.57M
$11.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
77,627 SF
Lot area
13.36 ac
Year built
1984
Stories
1
APN
25-36-01-54-0000B.0-0000.00
Assessed value
$24,794,820
Annual tax
$334,118
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+855%
vs current-use indication
Office Building
Industrial (general)
Restaurant
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.69M
Move the market yield to see immediate price impact.
Value / SF
$138
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$673k
$13.47M
$9.62M
$7.48M
$748k
$14.96M
$10.69M
$8.31M
$823k
$16.46M
$11.76M
$9.14M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$334,118
Tax year 2023
Assessed value
$24,794,820
Assessed 2023
Previous assessed
$25,230,490
-1.7% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,745,880
Assessed improvement
$23,048,940
Land market value
$1,745,880
Improvement market value
$23,048,940
Total market value
$24,794,820
Applied tax rate
2,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
105
Total area
77,627 SF
Lot
13.36 ac (581,962 SF)
Zoning code
PUD
APN
25-36-01-54-0000B.0-0000.00
UPID
US18-5919811
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Merritt Island, FLZoning PUD · permitted uses
PUD · Merritt Island, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
105
Lot
13.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PUD
Jurisdiction
Merritt Island, FL
Recorded code
PUD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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