Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Strip malls
405 Magnolia Ave Merritt Island, FL 32952-4821
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-5919870
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,064 SF
Lot
0.84 ac (36,590 SF)
Zoning code
BU1
APN
24-36-35-28-0000C.0-0003.00
UPID
US18-5919870
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
-
Mecca Beauty Bar & Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$380k
Blend (final)
Blend
$545k
Owner & transaction history
Stephan Propertiese Of Florida INC · 9 yrs held
Stephan Propertiese Of Florida INC
since 2016
7 recorded transactions
Zoning & alternative use
BU1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$42 / 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
$9,274
Tax year 2023
Assessed value
$504,360
Assessed 2023
Previous assessed
$499,580
+1.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$120,230
Assessed improvement
$384,130
Land market value
$120,230
Improvement market value
$384,130
Total market value
$504,360
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
6
Total area
13,064 SF
Lot
0.84 ac (36,590 SF)
Zoning code
BU1
APN
24-36-35-28-0000C.0-0003.00
UPID
US18-5919870
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Merritt Island, FLZoning BU1 · permitted uses
BU1 · Merritt Island, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Lot
0.84 ac
Current owner
From public records · entity-resolved
Stephan Propertiese Of Florida INC
Entity
Free & Clear · 9 yrs held
Mailing address
411 MAGNOLIA AVE, MERRITT ISLAND, FL 32952-4821
Ownership since
2016
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
Feb 16, 2018
—
Stephan Prop Of Florida INC
—
Deed
related
$580,000 · Fidelity Bk/fl
Jun 12, 2017
—
Stephan Properties Of Fl INC
—
Deed
related
$800,000 · Cherrywood Com'l Lndg
Sep 19, 2016
—
Stephan Propertiese Of Florida INC
Les Fountaines LLC
Quit Claim Deed
related
—
Jun 14, 2013
—
Les Fountains LLC
Les Fountaines INC
Quit Claim Deed
related
—
Oct 25, 2004
—
Park & Stephan Properties INC
River Ranch Cattle Co LLC
Warranty Deed
related
—
Mar 6, 2002
$69,900
Walter C Shepard
Shepard,walter C
Grant Deed
related
—
—
—
Stephan Properties Of Fl INC
—
Deed Of Trust
related
$800,000 · Cherrywood Com'l Lndg
—
—
Stephan Prop Of Florida INC
—
Deed Of Trust
related
$580,000 · Fidelity Bk/fl
—
—
Park & Stephan Properties INC
—
Deed Of Trust
related
$415,000 · Riverside National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 405 Magnolia Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
