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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
235 Courtenay Pkwya Merritt Island, FL 32952-4856
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5923843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,442 SF
Lot
7.15 ac (311,454 SF)
Zoning code
RA-2-10
APN
24-36-35-00-00500.0-0000.00
UPID
US18-5923843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Shiny Ball LLC · 4 yrs held
Shiny Ball LLC
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
RA-2-10 · 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
$680,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $800k (Apr 8 2022)
Last sale anchor
$800k
Apr 8 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
$426 / 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
$50,297
Tax year 2023
Assessed value
$3,098,020
Assessed 2023
Previous assessed
$2,712,600
+14.2% YoY
Effective rate
1.62%
On assessed value
Assessed land
$700,770
Assessed improvement
$2,397,250
Land market value
$700,770
Improvement market value
$2,397,250
Total market value
$3,098,020
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
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Units
1
Total area
1,442 SF
Lot
7.15 ac (311,454 SF)
Zoning code
RA-2-10
APN
24-36-35-00-00500.0-0000.00
UPID
US18-5923843
Jurisdiction
BREVARD
Zoning & alternative use
RA-2-10 · Merritt Island, FL
Zoning RA-2-10 · permitted uses
RA-2-10 · 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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
7.15 ac
Current owner
From public records · entity-resolved
Shiny Ball LLC
Entity
Free & Clear · 4 yrs held
Mailing address
516 DELANNOY AVE, COCOA, FL 32922-7814
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
Apr 8, 2022
$800,000
Shiny Ball LLC
Totco Realty LLC
Warranty Deed
—
May 9, 2017
—
Concept Dev INC
Panorama Mobile Home Park INC
Grant Deed
related
—
Jan 26, 2017
—
Concept Dev INC
—
Deed
related
$2,956,466 · Summit Bk
Jan 19, 2017
$300,000
Concept Dev INC
Panorama Mobile Home Park INC
Grant Deed
—
Jan 17, 2017
$300,000
Concept Dev INC
Panorama Mobile Home Park INC
Warranty Deed
—
—
—
Concept Dev INC
—
Loan Modification
related
$2,956,466 · Summit 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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