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Property profile & analytics
OFF-MARKET
Office buildings

277 Mcleod St Merritt Island, FL 32953-3463

1,546 SF 0.29 ac lot Built 1925
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-0665971
Property summary
AI-generated overview

This exceptional commercial property at 277 McLeod Street, Merritt Island, FL 32953, presents a rare investment opportunity. The fully renovated 1,348 square foot bungalow, built in 1925, sits on a spacious 12,632.4 square foot (.29-acre) lot, offering ample parking and expansion potential. The property boasts two distinct office spaces, each with its own private paved entrance, ideal for a professional seeking a dual-purpose workspace or generating rental income. Recent updates include new flooring and refreshed bathrooms (one full and one half). The charming building features a durable aluminum roof and a landscaped backyard complete with three tiki huts. Its prime location in Merritt Park Place provides easy access to local shops, restaurants, and Merritt Island's waterfront. The asking price is $499,000. This property offers a unique blend of historic charm and modern functionality, making it an attractive investment in a highly desirable area. The layout and ample lot size present possibilities for further development or expansion, potentially creating additional income streams. Don't miss this chance to own a piece of Merritt Island's history with significant upside potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,546 SF
Lot 0.29 ac (12,632 SF)
Zoning code BU-1
APN 24-36-35-32-0000L.0-0011.00
UPID US18-0665971
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
  • My Island Spa Spa & Massage Center
  • Wildlife Pros Merritt Island Animal Shelter Pet Adoption Service
  • Lostt Garden Tattoos Tattoo & Piercing Shop
  • Colorbees Hair Salon
  • Indian River Hair - A Full Service Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
My Massage Haven INC · 4 yrs held
My Massage Haven INC
since 2022
Last sale
$364,000
6 recorded transactions
2022
$364,000
2015
$185,000
2010
Price N/A
2000
$145,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BU-1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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