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Property profile & analytics
FOR LEASE
Industrial land
3265 N Courtenay Pkwy, Merritt Island, FL 32953
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6003000
For Lease
$5,000/Mo
3265 N Courtenay Pkwy, Merritt Island, FL 32953
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.83 ac (166,835 SF)
Zoning code
PIP
APN
24-36-11-00-00262.0-0000.00
UPID
US18-6003000
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Mi Plaza Group LLC · 2 yrs held
Mi Plaza Group LLC
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
PIP · 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Mar 4 2024)
Last sale anchor
$750k
Mar 4 2024
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
—
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
$2,651
Tax year 2023
Assessed value
$212,720
Assessed 2023
Previous assessed
$212,720
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$212,720
Land market value
$212,720
Total market value
$212,720
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Heating
YES
Cooling
YES
Lot
3.83 ac (166,835 SF)
Zoning code
PIP
APN
24-36-11-00-00262.0-0000.00
UPID
US18-6003000
Jurisdiction
BREVARD
Zoning & alternative use
PIP · Merritt Island, FL
Zoning PIP · permitted uses
PIP · 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
Heating
YES
Cooling
Yes
Lot
3.83 ac
Current owner
From public records · entity-resolved
Mi Plaza Group LLC
Entity
Mailing address
3345 N COURTENAY PKWY, MERRITT ISLAND, FL 32953-8348
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$750,000
Mi Plaza Group LLC
Dependable Moving & Warehouse Stora
Warranty Deed
—
Sep 30, 2020
—
Dependable Moving & Warehouse
Frederick E Stewart
Quit Claim Deed
related
—
Apr 24, 2019
$280,000
Frederick E Stewart
Ingoglia,stefano & Mary
Warranty Deed
$199,999 · Stefano Ingoglia
Apr 16, 2018
$260,000
Stefano Ingoglia
Lots Of Honor LLC Coc
Trustees Deed
—
Apr 25, 2017
—
Lots Of Honor LLC
—
Deed
related
$171,300 · Us Small Busn Admn
Jul 25, 2016
$320,000
Lots Of Honor LLC
Ingoglia,stefano & Mary
Warranty Deed
$250,000
Mar 5, 2005
—
Stefano Ingoglia
Ingoglia,stefano & Mary
Quit Claim Deed
related
—
Sep 29, 2004
$275,000
Stefano Ingoglia
B & R Ents Of Brevard INC
Warranty Deed
—
—
—
Lots Of Honor LLC
—
Deed Of Trust
related
$171,300 · Us Small Busn Admn
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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