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Financial
Distress signals
Property profile

777 E Merritt Island Cswy Merritt Island, FL 32952

FOR LEASE
Turn key restaurants
Property ID
US18-4200684
8,963 SF 0.5 ac lot Built 1973
Last sale Dec 2002 · $32,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail shopping center with a total gross leasable area (GLA) of 119,835 square feet and an indicated air-conditioning (AC) factor of 9.27. It is located off Merritt Causeway E, in an area with major surrounding retail uses including Target, Walmart Supercenter, BJ’s Wholesale Club, Home Depot, Publix, TJ Maxx, Ross, and Michael’s, and it has an established tenant mix including anchor stores Dillard’s, Macy’s, JC Penney, and CMX. Traffic counts cited for the area include…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$1.24M
Assessed land$376k
Assessed improvement$866k
Effective rate1.33%

Value estimate

· Oct 2026
$570k
$513k – $627k
AI approach$355k
Submarket $/SF estimate$789k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$340/SF
County average, outlier-cleaned · 112 recorded sales of this use type
Observed band · Q1–Q3$143 – $521

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BU-1
The BU-1 general retail commercial zoning classification encompasses land devoted to general retail shopping, offices and personal servic...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand index
HVAC Service14.6
Parking Facility12.5
Auto Parts Store11.4

Location

777 E Merritt Island Cswy Merritt Island, FL 32952
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1580 Merritt Is, Merritt Island, FL 32952-2612 $2,050,000 Feb 2025 6,455 SF
172 Merritt Is, Merritt Island, FL 32952-3635 $1,300,000 Jul 2024 6,866 SF
75 Merritt Is, Merritt Island, FL 32952-3632 $1,600,000 Apr 2024 5,419 SF
133 Courtenay, Merritt Island, FL 32952-4843 $1,145,500 Feb 2024 7,130 SF
225 Courtenay, Merritt Island, FL 32952-4856 $1,793,694 Aug 2019 7,573 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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