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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Truck terminals
3390 Courtenay Pkwy Ste B Merritt Island, FL 32953-8341
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3501686
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1991
Construction
FRAME
Total area
6,300 SF
Lot
1.48 ac (64,469 SF)
Zoning code
IU
APN
24-36-11-00-00271.0-0000.00
UPID
US18-3501686
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
-
Sealift LLC Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Counterkraft Kitchen & Bath Showroom Hardware & Home Improvement
-
Gaydan Construction Inc Construction Company
-
Easy Auctions Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$670k
Owner & transaction history
Gaydan Properties LLC · 4 yrs held
Gaydan Properties LLC
since 2021
2 recorded transactions
Zoning & alternative use
IU · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+62.5%
Retail stores
$1.0M
+47.7%
Medical building
$980,000
+42.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$685,000
Current use
OFFICE BUILDING
$1,115,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$980,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$106 / 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
$12,446
Tax year 2023
Assessed value
$655,040
Assessed 2023
Previous assessed
$597,490
+9.6% YoY
Effective rate
1.90%
On assessed value
Assessed land
$128,800
Assessed improvement
$526,240
Land market value
$128,800
Improvement market value
$526,240
Total market value
$655,040
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
2
Total area
6,300 SF
Lot
1.48 ac (64,469 SF)
Zoning code
IU
APN
24-36-11-00-00271.0-0000.00
UPID
US18-3501686
Jurisdiction
BREVARD
Zoning & alternative use
IU · Merritt Island, FL
Zoning IU · permitted uses
IU · 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.
Alternative use value scenarios
Repositioning upside vs current use
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$980,000
TRUCK TERMINAL (MOTOR FREIGHT) Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
1.48 ac
Current owner
From public records · entity-resolved
Gaydan Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
389 CORAL DR, CAPE CANAVERAL, FL 32920-2020
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
—
Gaydan Properties LLC
Jeannie Gaydan
Quit Claim Deed
related
—
Mar 10, 2010
—
Gaydan Martin & Jeannie Fam Trust
Gaydan,martin M & Jeannie
Quit Claim Deed
related
—
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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