Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    155 Hacienda Dr Merritt Island, FL 32952

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    155 Hacienda Dr Merritt Island, FL 32952

    View on Map
    • Commercial real estate
    For Sale
    $430,000
    View Listing →
    Merritt Island Vacant Lot For Sale
    $430,000
    1.00 Acre

    Merritt Island Vacant Lot

    One acre vacant lot in Hacienda Del Sol Community.

    155 Hacienda Drive, Merritt Island, FL 32952
    View Listing
    Property ID
    US18-5222977
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 155 Hacienda Dr

    Property type
    Commercial real estate

    Description

    This exceptional 43,560 square foot vacant lot presents a unique opportunity in the desirable Hacienda Del Sol community of Merritt Island, Florida. Located at 155 Hacienda Drive, zip code 32952, this property is zoned for both commercial and residential use, offering unparalleled versatility. The land is already cleared, saving significant time and expense in site preparation. Its one-acre size provides ample space for a substantial building project, whether it be a custom home or a commercial venture. The existing lush landscaping provides a beautiful backdrop and contributes to the serene atmosphere of the neighborhood. This prestigious location combines the tranquility of natural beauty with the convenience of a sought-after community. The property's latitude and longitude coordinates are 28.264338 and -80.666297 respectively. This is a truly exceptional opportunity to create a custom oasis in a prime Brevard County location. The asking price for this remarkable property is $450,000. Don't miss this chance to build your dream in this idyllic setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.666297
    Latitude
    28.264338

    Comparable in this City

    • $700,000

      Merritt Island Waterfront Land

      Prime Riverfront Land: Build Your Dream
      29xx Newfound Harbor Dr, Merritt Island, FL 32952
      View Details
    • Contact for pricing

      East Merritt Island Causeway Land

      Land available on East Merritt Island Causeway.
      Mall Sears At Merritt Is Sq, Merritt Island, FL 32952
      View Details
    • $279,900

      Banana Riverfront Vacant Land

      6.31 acres with nearly 400 feet of Banana River frontage.
      3190 South Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • New
      $430,000
      Pending

      Merritt Island Vacant Lot

      One acre vacant lot in Hacienda Del Sol Community.
      155 Hacienda Dr, Merritt Island, FL 32952
      View Details
    • $1,100,000
      1.86 Acres

      Waterfront Land on Tropical Trail

      1.86 acres of waterfront property on Merritt Island.
      0000 S Tropical Trl, Merritt Island, FL 32952
      View Details

    Similar Nearby for Sale

    • $700,000

      Merritt Island Waterfront Land

      Prime Riverfront Land: Build Your Dream
      29xx Newfound Harbor Dr, Merritt Island, FL 32952
      View Details
    • Contact for pricing

      East Merritt Island Causeway Land

      Land available on East Merritt Island Causeway.
      Mall Sears At Merritt Is Sq, Merritt Island, FL 32952
      View Details
    • $279,900

      Banana Riverfront Vacant Land

      6.31 acres with nearly 400 feet of Banana River frontage.
      3190 South Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • New
      $430,000
      Pending

      Merritt Island Vacant Lot

      One acre vacant lot in Hacienda Del Sol Community.
      155 Hacienda Dr, Merritt Island, FL 32952
      View Details
    • $599,000
      2.04 Acres

      Two Buildable Residential Parcels

      Two adjacent residential parcels totaling over 2 acres in Merritt Island.
      264 Serenity Point Ln, Merritt Island, FL 32952
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      66,318 SF

      Merritt Island Causeway Retail Space

      Prime Retail & Office Opportunity: 66,318 SF
      1850 Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • Contact for pricing

      Merritt Island Office/Medical Space

      First floor office space suitable for medical or office use.
      650 S Courtenay Pkwy, Merritt Island, FL 32952
      View Details
    • $1,400 /Mo
      6,200 SF

      Merritt Island Flex/Warehouse Units

      Flex/Warehouse units in prime Merritt Island location, versatile for businesses.
      635 Fern Dr, Merritt Island, FL 32952
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Merritt Island, Florida.
      125 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • Contact for pricing

      Merritt Island Retail Spaces Available

      Retail spaces available, ranging from 565 to 120,000 SqFt.
      777 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Shopping center with high traffic and strong anchor tenants.
      780 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    155 Hacienda Dr
    Merritt Island, FL 32952
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    155 Hacienda Dr, Merritt Island, FL, 32952

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!