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Property profile & analytics
FOR SALE
Small apartment buildings

132 Gator Dr Merritt Island, FL 32953

Property ID
US18-5925841
Property summary
AI-generated overview

This exceptional investment opportunity presents a 24,829 square foot lot located at 132 Gator Drive, Merritt Island, Florida, 32953. Zoned for either a duplex or single-family home, this property offers significant potential for rental income or owner-occupied living. Situated just beyond the barge canal, the location provides a tranquil setting while remaining conveniently close to highly-rated schools, abundant shopping options, pristine beaches, and the renowned Kennedy Space Center. The property's proximity to major employment centers and tourist attractions ensures strong tenant demand, making it an attractive prospect for investors seeking a stable and potentially high-return investment. The lot's size allows for ample development possibilities, catering to various construction plans. This peaceful Merritt Island location offers a unique blend of serene living and easy access to a vibrant community and major attractions. The property is classified as Commercial, Apartment Building, and Residential, reflecting its versatile zoning and development potential. This is a rare opportunity to acquire a substantial parcel of land in a desirable location with excellent growth prospects. The asking price for this property is $120,000.

Property profile
Verified
Property type Small apartment buildings
UPID US18-5925841
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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