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    515 Fl-520 Merritt Island, FL

    For Lease
    Contact for pricing

    High-profile outparcel near national tenants and upcoming Health First facility.

    Lot size:
    0.88 Acres

    Property Features for 515 Fl-520

    General Information

    Lot size
    0.88 Acres

    Source: SRS Real Estate Partners | Orlando Agent Blake Hunter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Restaurant Outparcel For Rent

    This high-profile retail/restaurant outparcel is situated among national co-tenants, including Chick-fil-A, Outback Steakhouse, Starbucks, Red Lobster, Olive Garden, Chase, Verizon, Aspen Dental, Publix, Longhorn Steakhouse, and Aldi. The property benefits from high traffic on a main thoroughfare. It is located less than 0.25 miles from the under-construction Health First Wellness Village, a $508 million, 120-bed facility spanning 15 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6659842
    Latitude
    28.2949008

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    FAQs

    What type of property is this?
    Commercial land - High-profile outparcel near national tenants and upcoming Health First facility.
    Where is this commercial land located?
    The property is located at 515 Fl-520 Merritt Island, FL.
    What are key features of this property?
    This property features: - High-profile location adjacent to national co-tenants like Chick-fil-A, Starbucks, and Publix.; - Less than 0.25 miles from the under-construction Health First Wellness Village, a $508M, 120-bed facility.; - High traffic location on main thoroughfare.
    (850) 264-2159
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Fl-520 Merritt Island, FL
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