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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Mobile home & RV parks
300 Kelly St 152 Merritt Island, FL 32953-6734
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-6110416
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1964
Total area
612 SF
Lot
27.24 ac (1,186,574 SF)
Zoning code
TR3
APN
23-36-14-00-00513.0-0000.00
UPID
US18-6110416
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
$3.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Colony Mhp LLC · 5 yrs held
Colony Mhp LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
TR3 · Merritt Island, FL
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
Method
Estimation
Statistic approach
$2,995,000
ML approach
$3,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10% · vs last sale $2.77M (Jul 6 2021)
Last sale anchor
$2.77M
Jul 6 2021
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
$4,788 / 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
$70,856
Tax year 2023
Assessed value
$2,437,000
Assessed 2023
Previous assessed
$2,250,000
+8.3% YoY
Effective rate
2.91%
On assessed value
Assessed land
$577,720
Assessed improvement
$1,859,280
Land market value
$577,720
Improvement market value
$1,859,280
Total market value
$2,437,000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1964
Heating
NONE
Cooling
YES
Stories
1
Total area
612 SF
Lot
27.24 ac (1,186,574 SF)
Zoning code
TR3
APN
23-36-14-00-00513.0-0000.00
UPID
US18-6110416
Jurisdiction
BREVARD
Zoning & alternative use
TR3 · Merritt Island, FL
Zoning TR3 · permitted uses
TR3 · 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.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Cooling
Yes
Stories
1
Lot
27.24 ac
Current owner
From public records · entity-resolved
Colony Mhp LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 ENGLE ST STE #201, ENGLEWOOD, NJ 07631-2927
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
$2,774,100
Colony Mhp LLC
Colony Owner LLC
Special Warranty Deed
—
Jan 28, 2019
$5,100,000
Colony Owner LLC
Colony Park Properties LLC
Special Warranty Deed
$3,050,000 · Rialto Mortgage Finance LLC
Mar 31, 2016
$1,850,000
Colony Park Properties LLC
Colony Park Dev LLC
Grant Deed
related
$1,000,000 · Centerstate Bk/fl
Sep 28, 2012
$1,131,000
Colony Park Dev LLC
Fcb Central Holdings LLC
Grant Deed
—
Aug 21, 2012
—
Fcb Central Holdings LLC
Colony Park Mobile Hm Coc
Trustees Deed
related
—
—
—
Colony Park Mobile Hm Village
—
Deed Of Trust
related
$1,750,000 · Arthur & Eileen G Rogow
—
—
Colony Park Mobile Hm Village
—
Deed Of Trust
related
$2,647,395 · Peninsula Bank
—
—
Colony Park Dev LLC
—
Deed Of Trust
related
$900,000 · Branch Bk&tr
—
—
Colony Park Mobile Hm Village
—
Deed Of Trust
related
$80,330 · Southeast Rural Cmnty Assistan
—
—
Colony Park Mobile Hm Village
—
Deed Of Trust
related
$240,990 · Southeast Rural Cmnty Assistan
—
—
Colony Park Mobile Hm Village
—
Deed Of Trust
related
$2,500,000 · Peninsula Bank
—
—
Colony Park Mobile Hm Village
—
Deed Of Trust
related
$2,647,395 · Peninsula Bank
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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