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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Warehouses
249 Scorpion Ct Satellite Beach, FL 32937-2948
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3713549
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
WOOD
Total area
20,075 SF
Lot
2.04 ac (88,862 SF)
Zoning code
C
APN
26-37-35-00-00013.0-0000.00
UPID
US18-3713549
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
$2.13M
Blend (final)
Blend
$1.96M
Owner & transaction history
William C Demetree · 22 yrs held
William C Demetree
since 2004
6 recorded transactions
Zoning & alternative use
C · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of the C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on the same lot, at locations having access to a collector or arterial roadway.
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.85 ac
Source
Realmo
Top alternative use upside
Medical building
$3.2M
+23.9%
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 Satellite Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Satellite Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,590,000
Current use
MEDICAL BUILDING
$3,210,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10%
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
$97 / 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
$29,690
Tax year 2023
Assessed value
$1,388,940
Assessed 2023
Previous assessed
$1,337,690
+3.8% YoY
Effective rate
2.14%
On assessed value
Assessed land
$274,950
Assessed improvement
$1,113,990
Land market value
$274,950
Improvement market value
$1,113,990
Total market value
$1,388,940
Applied tax rate
41.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
79
Total area
20,075 SF
Lot
2.04 ac (88,862 SF)
Zoning code
C
APN
26-37-35-00-00013.0-0000.00
UPID
US18-3713549
Jurisdiction
BREVARD
Zoning & alternative use
C · Satellite Beach, FLZoning C · permitted uses
C · Satellite Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of the C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on the same lot, at locations having access to a collector or arterial roadway.
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
79
Lot
2.04 ac
Current owner
From public records · entity-resolved
William C Demetree
Individual
Free & Clear · 22 yrs held
Mailing address
941 W MORSE BLVD STE #315, WINTER PARK, FL 32789-3781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Dec 22, 2016
—
Atlantic Plaza Mini Storage Ll
—
Deed
related
$1,646,166 · Wells Fargo Bk
Nov 21, 2016
—
Atlantic Plaza Mini Storage Ll
—
Deed
related
$1,150,000 · Wells Fargo Bk
Jan 6, 2004
$740,000
William C Demetree
Demetree,jack C
Grant Deed
related
—
Jan 6, 2004
—
Plaza Mimi Storage Watlantic
Demetree,jack C
Grant Deed
related
—
—
—
Atlantic Plaza Mini Storage Ll
—
Loan Modification
related
$1,646,166 · Wells Fargo Bk
—
—
Atlantic Plaza Mini Storage Ll
—
Loan Modification
related
$1,150,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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