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    Property profile & analytics

    265 Mcleod St Merritt Island, FL 32953-3463

    • Office buildings
    • 692 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Apr 22, 2022
    Location Intelligence
    Property ID
    US18-0641574
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • eleanors elite radio show / Radio Broadcaster
    • Mi Spa, LLC / Spa

    Property Details for 265 Mcleod St

    Year built
    1947
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    692 SF
    Zone code
    BU-1
    Property type
    Office buildings
    APN
    24-36-35-32-0000L.0-0010.00
    APU
    243635320000L0001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $365,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $360,000
      Mixed-Use
      $370,000
      Hospitality
      $420,000
      Educational
      $490,000
      Residential Income
      $405,000
      Energy
      $480,000
      Income-Based Land
      $445,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7016
    Latitude
    28.3607
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,849
    $43,750
    $54,190
    $97,940
    -
    $43,750
    $54,190
    $97,940

    Comparable in this City

    • Value Estimation by Request
      14,764 SF

      260 Tropical Trl Ste, Unit 205

      OFFICE BUILDING (MULTI-STORY) • 14,764 SF
      260 Tropical Trl Ste, Merritt Island, FL 32953-4800
      View Details
    • Value Estimation
      $280,000
      1,091 SF

      230 Grv St

      OFFICE BUILDING • 1,091 SF
      230 Grv St, Merritt Island, FL 32953-3444
      View Details
    • Value Estimation by Request
      12,996 SF

      105 Mcleod St

      OFFICE BUILDING (MULTI-STORY) • 12,996 SF
      105 Mcleod St, Merritt Island, FL 32953-3465
      View Details
    • Value Estimation by Request
      8,376 SF

      155 Pioneer Rd

      OFFICE BUILDING (MULTI-STORY) • 8,376 SF
      155 Pioneer Rd, Merritt Island, FL 32953-4243
      View Details
    • Value Estimation
      $230,000
      1,088 SF

      245 Tropical Trl

      OFFICE BUILDING • 1,088 SF
      245 Tropical Trl, Merritt Island, FL 32953-4778
      View Details
    • Value Estimation by Request
      14,138 SF

      2235 Courtenay Pkwy

      OFFICE BUILDING (MULTI-STORY) • 14,138 SF
      2235 Courtenay Pkwy, Merritt Island, FL 32953-5213
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $5 SF/Yr
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      Retail, office, medical, or flex space with high visibility.
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    • $29 SF/Yr
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      Watson Plaza Retail Space for Lease

      Merritt Island Retail, Office, 1112 sq ft
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      View Details
    • Contact for pricing
      9,002,500 SF

      Courtenay Parkway Commercial Property

      Prime Retail/Office Space, High Visibility
      4805 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
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    265 Mcleod St
    Merritt Island, FL 32953-3463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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