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Property profile & analytics
OFF-MARKET
Drive through restaurants
2140 Courtenay Pkwy, Merritt Island, FL 32953
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1848184
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,704 SF
Lot
1.07 ac (46,609 SF)
Zoning code
BU-1-A
APN
24-36-14-00-00538.1-0000.00
UPID
US18-1848184
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
-
Sonic Drive-In Restaurant Take-out & Catering
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
Drive In Coastal Portfolio LLC · 2 yrs held
Drive In Coastal Portfolio LLC
since 2024
7 recorded transactions
Zoning & alternative use
BU-1-A · 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
$11,781
Tax year 2023
Assessed value
$745,970
Assessed 2023
Previous assessed
$745,970
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$418,430
Assessed improvement
$327,540
Land market value
$418,430
Improvement market value
$327,540
Total market value
$745,970
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,704 SF
Lot
1.07 ac (46,609 SF)
Zoning code
BU-1-A
APN
24-36-14-00-00538.1-0000.00
UPID
US18-1848184
Jurisdiction
BREVARD
Zoning & alternative use
BU-1-A · Merritt Island, FL
Zoning BU-1-A · permitted uses
BU-1-A · 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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Drive In Coastal Portfolio LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1901 N CLYBOURN AVE STE #204, CHICAGO, IL 60614-6807
Ownership since
2024
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
Jan 18, 2024
—
Drive In Coastal Portfolio LLC
Store Master Funding Xxii LLC
Lease
—
Jan 10, 2024
$1,510,400
Vardayini Investments LLC
Store Master Funding Xxii LLC
Special Warranty Deed
—
Feb 23, 2022
$1,460,000
Store Master Funding Xxii LLC
Homer Family Land LP
Special Warranty Deed
$1,460,000 · Citibank NA
Jan 22, 2021
—
Homer Family Land LP
Merritt Island Sdi INC
Warranty Deed
$808,000 · Lamar National Bank
Jun 16, 2016
$489,900
Merritt Island Sdi INC
Perrone,ralph S SR & Cynthia
Warranty Deed
$960,000 · Regions Bk
May 31, 2005
$520,000
Ralph S Perrone SR.
Dichristopher,michael A & Colette T
Warranty Deed
$350,000 · Coastal Bank
—
—
Texida Fast Foods INC
—
Deed Of Trust
related
$750,000 · Regions Bk
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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