1850 E Merritt Island Causeway, Merritt Island, FL 32952
COMMERCIAL - Merritt Island, FL
- Added:
- Sep 20, 2023
- Days on Market:
- 1010
- Last Refresh:
- Jun 25 at 3:06 am
Property Features for 1850 E Merritt Island Causeway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security
- Standard status
- Active
- APN
- 24-37-31-00-00001.1-0000.00
- Size
- 63,125 SF
- Lot size
- 6.92 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- LOTS 73 TO 82 & S 30.5 FT OF LOT 83 OF PB 4 PG 35 AND PART OF GOVT LOTS 1 & 4 LYING W OF PB 4 PG 35, E OF NORTH BANANA R
- Tax Annual Amount
- 98252
Utilities
- Utilities
- Cable Available
- Heating system
- Zoned
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Year built
- 2003
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Concrete
- Roof type
- Mixed
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 Sep 20, 2023
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
- Substantial Size: Approximately 70,000 sq ft of space.
- Versatile Space: Features professional offices, service bays/warehouse, and additional spaces suitable for a restaurant, gym, daycare, and more.
- Zoned Heating and Cooling: Provides climate control efficiency.
- Durable Construction: Built with concrete materials.
- Modern Build: Constructed in 2003.
- Public Water Source: Enjoy reliable access to public water.
Overview
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 | $1.36M | $21.60 |
| − Vacancy | −$218.2k | −$3.46 |
| EGI | $1.15M | $18.14 |
| − OpEx | −$286.3k | −$4.54 |
| NOI | $859.0k | $13.61 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Penske Truck Rental — 200 N Courtenay Pkwy, Merritt Island, FL 32953
- U-Haul Neighborhood Dealer — 545 E Merritt Island Cswy, Merritt Island, FL 32954
- U-Haul Moving & Storage of Merritt Island — 305 S Sykes Creek Pkwy, Merritt Island, FL 32954
- Tool & Truck Rental Center at The Home Depot — 200 N Courtenay Pkwy, Merritt Island, FL 32953
- Avis Car Rental — sears auto center, 777 e merritt island causeway, merritt island, fl 32952
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.663436
- Latitude
- 28.358379
