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    Property profile & analytics

    60 Merritt Is Cswy Merritt Island, FL 32952-3633

    • Strip malls
    • 8,208 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $885,000
    Last Sale
    Jun 03, 2024
    $900,000
    Location Intelligence
    Property ID
    US18-5910597
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jim Sears Furniture Gallery / Furniture Store
    • Jim Sears Furniture and Mattress Gallery / Mattress Store

    Property Details for 60 Merritt Is Cswy

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    8,208 SF
    Zone code
    BU2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    24-36-35-02-00000.0-0017.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $925,000
      6.5%
      $915,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $725,000
      Geo Method
      $840,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $960,000
      Retail
      $705,000
      Mixed-Use
      $950,000
      Hospitality
      $805,000
      Educational
      $960,000
      Residential Income
      $935,000
      Energy
      $710,000
      Income-Based Land
      $965,000
      Food Service
      $825,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.699
    Latitude
    28.3575
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,323
    $235,160
    $369,760
    $604,920
    -
    $235,160
    $369,760
    $604,920

    Comparable in this City

    • Value Estimation
      $295,000
      1,554 SF

      430 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 1,554 SF
      430 Magnolia Ave, Merritt Island, FL 32952-4822
      View Details
    • Value Estimation
      $710,000
      30,140 SF

      850 Banana Riv Dr

      SHOPPING CENTER, STRIP CENTER • 30,140 SF
      850 Banana Riv Dr, Merritt Island, FL 32952-5793
      View Details
    • Value Estimation by Request
      10,277 SF

      106 Merritt Is Cswy

      SHOPPING CENTER, STRIP CENTER • 10,277 SF
      106 Merritt Is Cswy, Merritt Island, FL 32952-3674
      View Details
    • Value Estimation by Request
      11,913 SF

      800 Merritt Is Cswy Ste, Unit 109

      SHOPPING CENTER, STRIP CENTER • 11,913 SF
      800 Merritt Is Cswy Ste, Merritt Island, FL 32952-3514
      View Details
    • Value Estimation by Request
      6,320 SF

      150 Merritt Is Cswy Ste A

      SHOPPING CENTER, STRIP CENTER • 6,320 SF
      150 Merritt Is Cswy Ste A, Merritt Island, FL 32952-3407
      View Details
    • Value Estimation
      $290,000
      4,237 SF

      83 Merritt Is Cswy

      SHOPPING CENTER, STRIP CENTER • 4,237 SF
      83 Merritt Is Cswy, Merritt Island, FL 32952-3632
      View Details

    Similar Nearby for Sale

    • $3,749,900
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      Merritt Island Showroom and Shops

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      NNN leased car wash on 2.07-acre parcel.
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    • $1,995,000
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      Retail Property Near Cocoa Beach

      Retail property located near Cocoa Beach and future hospital.
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      Turnkey Pizzeria & Italian Restaurant

      Well-established restaurant on high-traffic SR 520 in Merritt Island.
      325 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
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      Merritt Island Retail Center

      High-traffic location, ample parking, diverse spaces.
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      View Details
    • Contact for pricing
      811,277 SF

      Merritt Square Mall Retail Space

      Prime Brevard County retail space, multiple units available.
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      View Details
    • $30 SF/Yr
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      Merritt Island Retail Opportunity

      Retail and restaurant spaces available in a busy shopping center.
      770 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $1,150 /Mo
      2,420 SF

      Remodeled Retail Space in Merritt

      Remodeled 680 SF retail space in thriving shopping center.
      128 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • Contact for pricing
      3,463 SF

      Retail Space in Publix Anchored Center

      Inline retail space available in a high-visibility, Publix-anchored center.
      125 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $2,060 /Mo
      4,398 SF

      Retail/Office Space on SR 520

      Retail/Office space with high visibility in Merritt Island, FL.
      91 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
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    Merritt Island, FL 32952-3633
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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