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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Office buildings
55 Catalina Isle Dr Merritt Island, FL 32953-4575
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4840295
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1985
Construction
WOOD
Total area
7,901 SF
Lot
0.76 ac (33,106 SF)
Zoning code
RU111
APN
24-36-26-01-0000A.3-0000.00
UPID
US18-4840295
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
-
Merritt Island KinderCare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.88M
Owner & transaction history
Jaade LLC · 4 yrs held
Jaade LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
RU111 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+91.9%
Commercial (general)
$1.9M
+33.9%
Auto repair, garage
$1.6M
+17.8%
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
$2,020,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,400,000
Current use
RESTAURANT
$2,685,000
Change: +92% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,875,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,645,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,270,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$1,225,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.87M (Sep 29 2021)
Last sale anchor
$1.87M
Sep 29 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
$238 / 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
$13,081
Tax year 2023
Assessed value
$957,630
Assessed 2023
Previous assessed
$928,450
+3.1% YoY
Effective rate
1.37%
On assessed value
Assessed land
$165,820
Assessed improvement
$791,810
Land market value
$165,820
Improvement market value
$791,810
Total market value
$957,630
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,901 SF
Lot
0.76 ac (33,106 SF)
Zoning code
RU111
APN
24-36-26-01-0000A.3-0000.00
UPID
US18-4840295
Jurisdiction
BREVARD
Zoning & alternative use
RU111 · Merritt Island, FL
Zoning RU111 · permitted uses
RU111 · 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
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Jaade LLC
Entity
Mailing address
4340 TIDEWATER DR, ORLANDO, FL 32812-7952
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$1,873,500
Jaade LLC
Stone Master Funding Xvii LLC
Special Warranty Deed
$1,360,000 · Navy FCU
Feb 19, 2020
—
Store Master Funding Xvii LLC
—
Deed
related
$1,320,000 · Citibank
Feb 3, 2020
$1,644,700
Store Master Funding Xvii LLC
Kc Propco LLC
Special Warranty Deed
$1,320,000 · Citibank NA
—
—
Store Master Funding Xvii LLC
—
Loan Modification
related
$1,320,000 · Citibank
—
—
Learning Centers In Kindercare
—
Deed Of Trust
related
$1,130,508 · Bnp Paribas
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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