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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Retail space
705 Courtenay Pkwy Merritt Island, FL 32953-4651
Trust Owned
7-yr Hold
Free & Clear
Property ID
US18-4403439
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,715 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BU-1
APN
24-36-26-BX-00000.0-0058.02
UPID
US18-4403439
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
-
J&J Carpet One Floor & Home Carpet & Flooring Store Hardware & Home Improvement
-
Merritt Island Home Decor Store Department Store
-
Cabinetree General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$975k
Owner & transaction history
Kidd,j S & D Y Trust · 7 yrs held
Kidd,j S & D Y Trust
since 2018
5 recorded transactions
Zoning & alternative use
BU-1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+47.3%
Auto repair, garage
$1.2M
+29.6%
Office building
$1.0M
+10.1%
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%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
RETAIL STORES
$920,000
Current use
COMMERCIAL (GENERAL)
$1,355,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,190,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,010,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$885,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$171 / 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
$10,794
Tax year 2023
Assessed value
$638,890
Assessed 2023
Previous assessed
$597,280
+7.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$201,640
Assessed improvement
$437,250
Land market value
$201,640
Improvement market value
$437,250
Total market value
$638,890
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
5,715 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BU-1
APN
24-36-26-BX-00000.0-0058.02
UPID
US18-4403439
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Merritt Island, FL
Zoning BU-1 · permitted uses
BU-1 · 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
RETAIL STORES Current
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Kidd,j S & D Y Trust
Trust
Free & Clear · 7 yrs held
Mailing address
3 WILLOW GRN DR, COCOA BEACH, FL 32931-2017
Ownership since
2018
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
Feb 24, 2023
—
Jeffrey S Kidd
—
Deed
related
$350,000 · Sunrise Bank
Jul 30, 2018
—
Kidd,j S & D Y Trust
Kidd,jeffrey S
Quit Claim Deed
related
—
Apr 21, 2011
—
Kidd,jeffrey S Trust
Kidd Michele A Trust
Quit Claim Deed
related
—
Mar 7, 2005
—
State Of Florida Dept/transportat
Kidd Jeffrey S Trust
Warranty Deed
related
—
—
—
Kidd,jeffrey S Trust
—
Deed Of Trust
related
$227,506 · Rbc Bk
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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