Financial
Distress signals
Property profile

229 Ligustrum Ln Merritt Island, FL 32953

OFF-MARKET
Apartment buildings
Property ID
US18-6128583
11,520 SF 6.08 ac lot Built 1965
Last sale Jun 2005 · $2,800,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$89k
Tax billed · 2023
Assessed value$5.88M
Assessed land$318k
Assessed improvement$5.56M
Effective rate1.52%

Value estimate

· Sep 2026
$1.28M
$1.15M – $1.40M
AI approach$830k
Submarket $/SF estimate$1.18M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$505/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$112 – $948

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RU215
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.8
Building Supply14.7
Dental Office14.6

Location

229 Ligustrum Ln Merritt Island, FL 32953-5501
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 8 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1620 Hl, Merritt Island, FL 32953-4322 $195,000 Mar 2024 6,708 SF
1165 Jordan, Merritt Island, FL 32953-4416 $9,250,000 Apr 2021 7,276 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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