2755 N Banana River Dr, Merritt Island, FL
Two multi-tenant warehouse buildings with office suites near Port Canaveral.
- Added:
- Apr 23, 2025
- Days on Market:
- 419
- Last Refresh:
- May 20 at 8:54 pm
Property Features for 2755 N Banana River Dr
General Information
- Standard status
- Active
- Size
- 18,120 SF
- Lot size
- 0.80 Acres
- Property subtype
- INDUSTRIAL
Listing agent Jeffery T. Robison CCIM License ##BK3113472
Listing office Lightle Beckner Robison, Inc. (321) 722-0707
Listing date Apr 23, 2025
Source Moodyscre
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.
HighLights
- Less than five minutes from Port Canaveral.
- Opportunity for an Owner User to occupy the property and collect additional income.
- Value Add Investors can bring existing tenants to market rents.
- Two multi‑tenant small bay warehouse buildings with office suites.
- Brevard County's BU‑2 zoning allows a wide variety of uses.
- Includes a racquetball court.
Overview
Local Financial Insights For Flex RnD
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 | $304.4k | $16.80 |
| − Vacancy | −$19.8k | −$1.09 |
| EGI | $284.6k | $15.71 |
| − OpEx | −$99.6k | −$5.50 |
| NOI | $185.0k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.664
- Latitude
- 28.4065
