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Property profile & analytics
OFF-MARKET
Office Spaces
255 Fortenberry Rd Ste A2 Merritt Island, FL 32952-3601
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-9784165
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,156 SF
Lot
0.13 ac (5,663 SF)
APN
24-36-35-02-00000.0-0051.02
UPID
US18-9784165
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
-
Alternacare of Brevard MD Medical Marijuana Medical Clinic
-
ROCKLEDGE HMA MEDICAL GROUP LLC Medical Group
-
Atlantic Coast Medical Physician
-
Dr. Mioara C. Radu, MD Physician
-
Dr. Janie F. Geraci, MD Physician
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
Dillon Mazzoni · 2 yrs held
Dillon Mazzoni
since 2024
Last sale
$160,000
7 recorded transactions
Zoning & alternative use
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
$2,488
Tax year 2023
Assessed value
$139,700
Assessed 2023
Previous assessed
$139,700
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed improvement
$139,700
Improvement market value
$139,700
Total market value
$139,700
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Units
1
Total area
2,156 SF
Lot
0.13 ac (5,663 SF)
APN
24-36-35-02-00000.0-0051.02
UPID
US18-9784165
Jurisdiction
BREVARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Dillon Mazzoni
Individual
Free & Clear · 2 yrs held
Mailing address
1900 JACQUES DR, MELBOURNE, FL 32940-6803
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$150,000
Dillon Mazzoni
Brandon Lape LLC
Warranty Deed
—
Aug 10, 2022
$75,000
Brandon Lape LLC
Dr Management LLC
Warranty Deed
$50,000 · Dr Management LLC
Aug 10, 2022
$25,000
Dr Management LLC
Audry M Vinarub
Warranty Deed
—
May 26, 2011
—
Vinrub Audry M Trust
Vinarub,audry M
Warranty Deed
related
—
Mar 17, 2010
$155,000
Audry M Vinarub
Dr Properties Of Brevard LLC
Warranty Deed
—
Jan 11, 2008
$200,000
Dr Properties Of Brevard LLC
White Eli & Linda Trust
Warranty Deed
$140,000 · White Eli & Linda Trust (tr)
Jun 20, 2007
—
White Eli & Linda Trust
White,eli E JR
Quit Claim Deed
related
—
—
—
David S Vinarub
—
Deed Of Trust
related
$379,000 · Audry M Vinarub
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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