Free-Standing Automotive/Retail
110 S Courtenay Pkwy Merritt Island, FL 32952
110 S Courtenay Pkwy, Merritt Island, FL, 32952
Contact for pricing
For Sale
Contact for pricing
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$252.22
Days on Market57
Property Features for 110 S Courtenay Pkwy
General Information
- Standard status
- Active
- Size
- 5,848 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1981
Listing agency
Lightle Beckner Robison Inc
(321) 722-0707
Listed by
Jeffery Robison · License #FL 3113472
Source
Crexi
Added: May 27 Updated: Jul 21 at 2:52AM Checked: Jul 22 at 12:22PM
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
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
Local Financial Insights For Retail
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 | $105.3k | $18.00 |
| − Vacancy | −$8.9k | −$1.53 |
| EGI | $96.3k | $16.47 |
| − OpEx | −$28.9k | −$4.94 |
| NOI | $67.4k | $11.53 |
5,848 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$963.2K
$842.8K – $1.12M
NOI $67,422 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$510.5K
$446.7K – $595.6K
NOI $35,737 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,001 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Car Wash
Car Wash
Best Express Car ...
Car Wash
My Island Ice ...
Grocery & Convenience Store
MI Lunchbox
Restaurant
Brewster Lia
Insurance Agency
Similar For Sale Nearby
Similar Off Market Nearby
- 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
- Robbie's At Your Service — 655 Azalea Ave, Merritt Island, FL 32952
FAQs
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
