1175 N Courtenay Parkway, Merritt Island, FL 32953
SINGLE_FAMILY - Merritt Island, FL
- Added:
- May 19, 2025
- Days on Market:
- 403
- Last Refresh:
- Jun 25 at 3:06 am
Property Features for 1175 N Courtenay Parkway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Bathrooms
- 8
- Rooms
- Bathroom 7, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 8, Bathroom 2
- Parking features
- Guest
- Standard status
- Active
- APN
- 24-36-23-Bx-00000.0-0031.01
- Size
- 8,053 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- NEVINS SUBD OF PT OF SECS 23,26 PART OF LOTS 30,31 W OF A1A AS DES IN ORB 1004 PG 349
- Tax Annual Amount
- 8948
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1986
- Number of units
- 8
- Building materials
- Block
Listing agent Ralph S Perrone License #3045618 (407) 733-0725
Listing office Perrone Realty, LLC 234 E Merritt Island Cswy. #C, Merritt Island, FL (321) 452-9838
Listing date May 19, 2025
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 8,053 SF retail/office center in Merritt Island
- 8 units with updated interiors
- Located on N Courtenay Pkwy on a high‑traffic road; directly across from Merritt Island High School
- Adjacent to the public library
- Block construction; built in 1986
- Public water and public sewer; guest parking available
Overview
The building is located at 1175 N Courtenay Parkway in Merritt Island, Florida. It benefits from a high-traffic position on N Courtenay Pkwy, directly across from Merritt Island High School and adjacent to the public library, placing it in a convenient, centrally accessible area for everyday foot traffic and local activity.
For tenants, the unit mix and renovated interiors can provide a turnkey starting point for businesses that fit retail and professional office operations. For investors or buyers, the opportunity includes multiple units within a single property rather than a single-tenant setup, which can simplify ownership of a small, diversified retail-office portfolio while remaining on a well-trafficked corridor.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.9k | $21.60 |
| − Vacancy | −$27.8k | −$3.46 |
| EGI | $146.1k | $18.14 |
| − OpEx | −$36.5k | −$4.54 |
| NOI | $109.6k | $13.61 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Merritt Investment LLC — 1850 N Courtenay Pkwy # 102, Merritt Island, FL 32953
- Centre of Merritt — Florida Blvd, Merritt Island, FL 32953
- Merritt Crossing — 233 Crockett Blvd, Merritt Island, FL 32953
- Shoppes of Victoria Square — 1450 N Courtenay Pkwy, Merritt Island, FL 32953
- Coin Cloud Bitcoin ATM — 1385 N Courtenay Pkwy, Merritt Island, FL 32952
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.702637
- Latitude
- 28.377418
