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    1365 N Courtenay Pkwy Merritt Island, FL 32953

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    For Sale
    $799,000

    Professional mixed-use office building in Merritt Island, fully leased.

    Lot size:
    0.81 Acres

    Property Features for 1365 N Courtenay Pkwy

    General Information

    Lot size
    0.81 Acres

    Building Details

    Year built
    1982

    Source: PROPERTY INVESTMENT BROKERS Agent Vijay Luthra

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

    Overview

    Fully Leased Pier Park Plaza

    Pier Park Plaza is a professional mixed-use office building located in unincorporated Merritt Island, Florida, within Brevard County. The property has been newly renovated and features direct frontage on State Road 3, also known as North Courtenay Parkway, the primary commercial route running north-south through Merritt Island. Brevard County is commonly referred to as the Space Coast of Florida, due to the significant impact the space industry has had on the county, in particular the presence of the Kennedy Space Center. The property is located along a busy retail and office corridor and benefits from direct exposure to more than 32,000 vehicles per day. It is highly visible from a signaled intersection. Water is available at the site. The building is fully leased.
    Insight Report Location Intelligence

    Current Use by Public Records

    Davis Francis E ... Doctor Carroll George W ... Doctor MIVO Virtual Office Virtual Office Rental Salt Sales Estate Liquidator Patriots & Paws Thrift ... Thrift Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7031773
    Latitude
    28.381169

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    FAQs

    What type of property is this?
    Office building - Professional mixed-use office building in Merritt Island, fully leased.
    Where is this office building located?
    The property is located at 1365 N Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Fully Leased: Provides immediate income.; - Direct Frontage on State Road 3 (North Courtenay Parkway): Enjoy high visibility and accessibility.; - Located Along Busy Retail & Office Corridor: Benefit from established commercial activity.
    (407) 649-9888
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1365 N Courtenay Pkwy Merritt Island, FL 32953
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