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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
250 Mcleod St, Merritt Island, FL 32953
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-4430698
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,945 SF
Lot
0.43 ac (18,731 SF)
Zoning code
BU1
APN
24-36-35-32-0000M.0-0020.00
UPID
US18-4430698
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
$955k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$730k
Owner & transaction history
Jdaw Properties LLC · 11 yrs held
Jdaw Properties LLC
since 2015
6 recorded transactions
Zoning & alternative use
BU1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+52.7%
Auto repair, garage
$1.0M
+34.3%
Office building
$875,000
+14.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$770,000
Current use
COMMERCIAL (GENERAL)
$1,170,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,030,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +14% · Conversion: Easy
RETAIL STORES
$795,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$620,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$148 / 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
$12,137
Tax year 2023
Assessed value
$896,580
Assessed 2023
Previous assessed
$863,880
+3.8% YoY
Effective rate
1.35%
On assessed value
Assessed land
$131,250
Assessed improvement
$765,330
Land market value
$131,250
Improvement market value
$765,330
Total market value
$896,580
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
4,945 SF
Lot
0.43 ac (18,731 SF)
Zoning code
BU1
APN
24-36-35-32-0000M.0-0020.00
UPID
US18-4430698
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Merritt Island, FL
Zoning BU1 · permitted uses
BU1 · 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
MEDICAL BUILDING Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
WAREHOUSE, STORAGE
Est. value
$620,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Jdaw Properties LLC
Entity
Mailing address
5337 ROYAL PADDOCK WAY, MERRITT ISLAND, FL 32953-7544
Ownership since
2015
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
May 31, 2019
—
Jdaw Properties LLC
—
Deed
related
$994,629 · Td Bk NA
Nov 7, 2017
—
Jdaw Properties LLC
—
Deed
related
$1,000,000 · Live Oak Bkg
Feb 20, 2015
$275,000
Jdaw Properties LLC
Dumas Joseph T
Warranty Deed
$322,000 · Live Oak Bkg
—
—
Jdaw Properties LLC
—
Deed Of Trust
related
$994,629 · Td Bk NA
—
—
Jdaw Properties LLC
—
Deed Of Trust
related
$1,403,000 · Live Oak Bkg
—
—
Jdaw Properties LLC
—
Deed Of Trust
related
$1,000,000 · Live Oak Bkg
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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