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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Turn key restaurants
1580 Merritt Is Cswy Merritt Island, FL 32952-2612
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9058237
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
WOOD
Total area
6,455 SF
Lot
1.01 ac (43,996 SF)
Zoning code
BU1/BU2
APN
24-37-31-00-00048.0-0000.00
UPID
US18-9058237
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
-
Murphy USA Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.10M
Owner & transaction history
Dm Island Real Estate LLC · 1 yrs held
Dm Island Real Estate LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
BU1/BU2 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.3M
+48.6%
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
$2,160,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,260,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $2.05M (Feb 4 2025)
Last sale anchor
$2.05M
Feb 4 2025
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
$325 / 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
$20,291
Tax year 2023
Assessed value
$1,411,030
Assessed 2023
Previous assessed
$1,411,030
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$568,970
Assessed improvement
$842,060
Land market value
$568,970
Improvement market value
$842,060
Total market value
$1,411,030
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,455 SF
Lot
1.01 ac (43,996 SF)
Zoning code
BU1/BU2
APN
24-37-31-00-00048.0-0000.00
UPID
US18-9058237
Jurisdiction
BREVARD
Zoning & alternative use
BU1/BU2 · Merritt Island, FL
Zoning BU1/BU2 · permitted uses
BU1/BU2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Dm Island Real Estate LLC
Entity
Mailing address
2729 HANSROB RD #106, ORLANDO, FL 32804-3322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
$2,050,000
Dm Island Real Estate LLC
Mollys Seafood At Merritt Island Ll
Warranty Deed
—
Nov 8, 2023
—
Michael C Kukira
Christopher A Kukra
Intrafamily Transfer
related
—
Mar 2, 2023
—
Chris Kukura
Michael C Kukura
Intrafamily Transfer
related
—
Aug 24, 2021
$1,600,000
Mollys Seafood At Merritt Island Ll
Flavors Mi LLC
Warranty Deed
$1,187,000 · Touchmark National Bank
Nov 21, 2007
$1,800,000
Flavors Mi LLC
Gottwals,david F & Catherine G
Warranty Deed
$1,800,000 · Paradise Bank
Oct 3, 2002
$2,228,000
David F Gottwals
Fc Venture I LLC
Grant Deed
—
—
—
Flavors Mi LLC
—
Deed Of Trust
related
$1,775,000 · Paradise 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.
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