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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Auto shops
475 Merritt Is Cswy Merritt Island, FL 32952-4809
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0571609
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Construction
FRAME
Total area
1,281 SF
Lot
0.35 ac (15,246 SF)
Zoning code
BU2
APN
24-36-35-28-0000B.0-0001.01
UPID
US18-0571609
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
-
Westside Tire & Automotive Auto Parts Store Discount Store
-
Westside Detail & Tint Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$398k
Blend (final)
Blend
$655k
Owner & transaction history
Pw4 Holdings LLC · 3 yrs held
Pw4 Holdings LLC
since 2023
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
BU2 · 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
$610,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $700k (Apr 13 2023)
Last sale anchor
$700k
Apr 13 2023
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
$511 / 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
$3,805
Tax year 2023
Assessed value
$229,430
Assessed 2023
Previous assessed
$198,470
+15.6% YoY
Effective rate
1.66%
On assessed value
Assessed land
$166,380
Assessed improvement
$63,050
Land market value
$166,380
Improvement market value
$63,050
Total market value
$229,430
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1959
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
1,281 SF
Lot
0.35 ac (15,246 SF)
Zoning code
BU2
APN
24-36-35-28-0000B.0-0001.01
UPID
US18-0571609
Jurisdiction
BREVARD
Zoning & alternative use
BU2 · Merritt Island, FL
Zoning BU2 · permitted uses
BU2 · 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
1959
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Pw4 Holdings LLC
Entity
Mailing address
PO BOX 69, WADSWORTH, OH 44282-0069
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2023
$700,000
Pw4 Holdings LLC
Urs Hangartner
Warranty Deed
$650,000 · Hangartner Family Trust
Sep 27, 2018
$355,000
Peerless Vision Properties LLC
Ouellette,patricia A
Warranty Deed
—
Jun 29, 2012
—
Hangartner Family Trust
Hangartner,urs & Gabriele
Quit Claim Deed
related
—
Oct 15, 2002
$275,000
Urs Hangartner
Stockton,patrick D & Mary L
Grant Deed
$127,500 · Riverside National Bank
—
—
Urs Hangartner
—
Deed Of Trust
related
$225,700 · Camillus H Meyner
—
—
Hangarnter,urs & Gabriele|hangartner Family Trust
—
Deed Of Trust
related
$100,000 · Camillus H Meyner
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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