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Property profile & analytics
OFF-MARKET
Medical Office Space
1201 Courtenay Pkwy 201, Merritt Island, FL 32953
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5950431
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1978
Construction
FRAME
Total area
2,379 SF
Lot
1.17 ac (50,965 SF)
Zoning code
BU1A
APN
24-36-23-BX-00000.0-0020.03
UPID
US18-5950431
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
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
J & I Real Estate LLC · 12 yrs held
J & I Real Estate LLC
since 2013
5 recorded transactions
Zoning & alternative use
BU1A · 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
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
$18,736
Tax year 2023
Assessed value
$1,350,280
Assessed 2023
Previous assessed
$1,242,980
+8.6% YoY
Effective rate
1.39%
On assessed value
Assessed land
$457,680
Assessed improvement
$892,600
Land market value
$457,680
Improvement market value
$892,600
Total market value
$1,350,280
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
2,379 SF
Lot
1.17 ac (50,965 SF)
Zoning code
BU1A
APN
24-36-23-BX-00000.0-0020.03
UPID
US18-5950431
Jurisdiction
BREVARD
Zoning & alternative use
BU1A · Merritt Island, FL
Zoning BU1A · permitted uses
BU1A · 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
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
J & I Real Estate LLC
Entity
Mailing address
2005 S TROPICAL TRL, MERRITT ISLAND, FL 32952-5305
Ownership since
2013
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
Apr 15, 2020
—
J&i Real Estate LLC
—
Deed
related
$500,000 · Centerstate Bank NA
Aug 15, 2013
$870,000
J & I Real Estate LLC
Dr Properties Of Brevard LLC
Warranty Deed
$696,000 · Pnc Bank
Aug 17, 2001
—
Dr Properties Of Brevard INC
—
Trustees Deed
related
$1,360,000 · Indian River National Bank
Jul 1, 1994
—
Melvin H Weisberg
—
Grant Deed
related
—
—
—
Dr Properties Of Brevard LLC
—
Deed Of Trust
related
$500,000 · Indian River National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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