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Property profile & analytics
FOR SALE
Office buildings
1365 N Courtenay Pkwy Merritt Island, FL 32953
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1848153
For Sale
1 / 9
$799,000
1365 N Courtenay Pkwy, Merritt Island, FL 32953
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD
Total area
9,932 SF
Lot
0.81 ac (35,284 SF)
Zoning code
BU1
APN
24-36-23-BX-00000.0-0017.05
UPID
US18-1848153
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
-
Davis Francis E DO Physician
-
Carroll George W MD Physician
-
MIVO Virtual Office Real Estate Agency Coworking & Hybrid Office
-
Salt Sales Real Estate Agency
-
Patriots & Paws Thrift Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Bd Harris LLC · 4 yrs held
Bd Harris LLC
since 2022
Last sale
$789,000
6 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
$670,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $789k (Feb 15 2022)
Last sale anchor
$789k
Feb 15 2022
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
$76 / 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
$10,120
Tax year 2023
Assessed value
$680,970
Assessed 2023
Previous assessed
$669,120
+1.8% YoY
Effective rate
1.49%
On assessed value
Assessed land
$317,080
Assessed improvement
$363,890
Land market value
$317,080
Improvement market value
$363,890
Total market value
$680,970
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1982
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Total area
9,932 SF
Lot
0.81 ac (35,284 SF)
Zoning code
BU1
APN
24-36-23-BX-00000.0-0017.05
UPID
US18-1848153
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
1982
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Lot
0.81 ac
Current owner
From public records · entity-resolved
Bd Harris LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1835 E HALLANDALE BCH BLVD #425, HALLANDALE BEACH, FL 33009-4619
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$789,000
Bd Harris LLC
Pier Park Plaza LLC
Special Warranty Deed
—
Mar 10, 2016
$425,000
Pier Park Plaza LLC
Zb NA
Special Warranty Deed
$595,000 · Valley National Bank
Dec 31, 2015
$374,500
Zions First Natl Bk
Victory Health Care Ll Coc
Trustees Deed
related
—
Apr 7, 2010
—
Victory Health Care LLC
—
Trustees Deed
related
—
Aug 7, 2009
$838,000
Victory Health Care LLC
Starkey,carol J
Warranty Deed
$455,000 · Zions First National Bank
—
—
Victory Health Care LLC
—
Deed Of Trust
related
$455,000 · Zions First 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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