Free-Standing Automotive/Retail
For Sale
$1,475,000
110 S Courtenay Pkwy, Merritt Island, FL 32952
Built in 1981, this free-standing building is offered for sale with BU-2 zoning on S Courtenay Pkwy.
Property Size5,848 SF
Price / SF$186.69
Days on Market143
Property Features for 110 S Courtenay Pkwy
General Information
Standard status
Active
Size
5,848 SF
Property subtype
Retail
Zoning
BU-2
Additional Details
Highway Access
Yes
Building Details
Building Size
5,848 SF
Year Built
1981
Listing Agency:
Lightle Beckner Robison, Inc.
Listed By:
Jeffery T. Robison, CCIM · License #FL #BK3113472
(321) 722-0707
Source:
Teamlbr
Added: Jun 1
Changed: Oct 19
Last Checked: Oct 20 at 6:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lightle Beckner Robison, Inc.
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Investment Insights
Based on property information with market context.
Offered for sale, this free-standing automotive/retail storefront building was constructed in 1981 and is suited to BU-2 zoning. The property is identified as having approximately 5,848 square feet in the listing data.
Located at 110 S Courtenay Pkwy in Merritt Island, the site is positioned for straightforward customer access and is described as convenient to major roads and highways. The surrounding area is described as a mix of residential and commercial activity, supporting a neighborhood retail environment.
Located at 110 S Courtenay Pkwy in Merritt Island, the site is positioned for straightforward customer access and is described as convenient to major roads and highways. The surrounding area is described as a mix of residential and commercial activity, supporting a neighborhood retail environment.
Key Highlights
- 7,901 SF free‑standing commercial building built in 1981
- BU‑2 zoning
- Located on S Courtenay Pkwy in Merritt Island, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,091
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,820
$1.8M
Cap Rate 7%
$1,301,300
$1.3M
Cap Rate 9%
$1,012,122
$1.0M
Market Conditions
NOI Build-Up for 7,901 SF
Gross rent
$142.2K $18.00/SF
− Vacancy
−$12.1K −$1.53/SF
EGI
$130.1K $16.47/SF
− OpEx
−$39.0K −$4.94/SF
NOI
$91.1K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,820
Cap Rate 7%
$1,301,300
Cap Rate 9%
$1,012,122
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,091 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$689.8K
$603.5K – $804.7K
NOI $48,283 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,916 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
329k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Apparel 22%
Shops & Services 17%
Home Improvements & Furnishings 16%
The Home Depot
Home Improvements & Furnishings
47,314 visits/mo
0.2 miles
Publix
Groceries
44,037 visits/mo
0.2 miles
T.J. Maxx
Apparel
41,205 visits/mo
0.1 miles
Ross Dress for Less
Apparel
29,126 visits/mo
0.4 miles
Olive Garden
Dining
19,136 visits/mo
0.3 miles
Demographics for 32952, FL
20,670
Population
10,108
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
1,680
Density / Sq Mi
$98,651
Median Household Income
$53,478
Median Earnings
$1,353
Median Rent
$404,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Robbie's At Your Service — 655 Azalea Ave, Merritt Island, FL 32952
- Bare Bone Rides Inc — 660 Oleander Dr, Merritt Island, FL 32952
- Dent Force Inc.- Paintless Dent Repair — 615 Fern Dr, Merritt Island, FL 32952
- Doug's Towing — 606 Oleander Dr, Merritt Island, FL 32952
- RW Blacklers autobody&paint — 605 Fern Dr, Merritt Island, FL 32952
Frequently Asked Questions
What type of property is this?
Auto shop - Built in 1981, this free-standing building is offered for sale with BU-2 zoning on S Courtenay Pkwy.
Where is this auto shop located?
The property is located at 110 S Courtenay Pkwy Merritt Island, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 7,901 SF free‑standing commercial building built in 1981; BU‑2 zoning; Located on S Courtenay Pkwy in Merritt Island, FL
