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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Bowling alleys
600 Courtenay Pkwy Merritt Island, FL 32953-4749
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0454529
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,737 SF
Lot
3.14 ac (136,778 SF)
Zoning code
BU1
APN
24-36-26-00-00767.0-0000.00
UPID
US18-0454529
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
-
Cardtronics ATM Atm
-
BowlersMart Merritt Island Pro Shop Inside Shore Lanes (Bike/Boat/Book/etc) Store Bowling Alley
-
The Laugh Attic of Merritt Island Nightclub Theater & Performing Art Venue
-
Mariachi Loco Mexican Bar and Grill Restaurant
-
Next Level Arcade Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$765k
Owner & transaction history
Agree Fl Va Portfolio LLC · 6 yrs held
Agree Fl Va Portfolio LLC
since 2019
3 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$18 / 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
$28,708
Tax year 2023
Assessed value
$2,348,960
Assessed 2023
Previous assessed
$2,354,560
-0.2% YoY
Effective rate
1.22%
On assessed value
Assessed land
$956,780
Assessed improvement
$1,392,180
Land market value
$956,780
Improvement market value
$1,392,180
Total market value
$2,348,960
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
41,737 SF
Lot
3.14 ac (136,778 SF)
Zoning code
BU1
APN
24-36-26-00-00767.0-0000.00
UPID
US18-0454529
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Merritt Island, FL
Zoning 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
Merritt Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
Agree Fl Va Portfolio LLC
Entity
Mailing address
380 COMMERCE PKWY, ROCKLEDGE, FL 32955-4280
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2019
$3,896,000
Agree Fl Va Portfolio LLC
Cole Su Merritt Island Fl LLC
Grant Deed
—
Mar 8, 2006
$1,500,000
Arks LLC
Shore Lanes INC
Warranty Deed
$600,000 · Shore Lanes INC
—
—
Shore Lanes INC
—
Deed Of Trust
related
$150,000 · Coastal 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
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