Leased Office Units with Private
2460 N Courtenay Pkwy Merritt Island, FL 32953
2460 N Courtenay Pkwy, Merritt Island, FL, 32953
$2,699,900
For Sale
$2,699,900
Mostly leased office units with built-in offices and private restrooms, supporting steady income for an owner.
Property Size15,428 SF
Price / SF$175
Days on Market739
Property Features for 2460 N Courtenay Pkwy
General Information
- Standard status
- Active
- Size
- 15,428 SF
Listing agency
Perrone Realty, LLC
(407) 733-0725
Listed by
Ralph S Perrone · License #3045618
(407) 733-0725
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 10 at 1:48PM Checked: Jul 22 at 7:34AM
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 Perrone Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale property consists of office units designed for tenant-ready use. The units include built-out office space and feature private restrooms within each unit, supporting day-to-day workplace requirements without shared facilities. At 15,428 square feet, the building is configured to accommodate multiple office occupants rather than a single open layout.
Located at 2460 N Courtenay Pkwy in Merritt Island, FL, the property is described as staying pretty much leased out. That current operating profile helps provide an income-focused ownership structure, with rental occupancy already in place.
For buyers seeking an office portfolio style asset, the combination of built-out interiors and private restrooms can help attract and retain professional tenants looking for finished space. Because the property is already operating with multiple units leased, it may appeal to owner-users or investors interested in purchasing an office asset with established tenant occupancy rather than starting from scratch.
Located at 2460 N Courtenay Pkwy in Merritt Island, FL, the property is described as staying pretty much leased out. That current operating profile helps provide an income-focused ownership structure, with rental occupancy already in place.
For buyers seeking an office portfolio style asset, the combination of built-out interiors and private restrooms can help attract and retain professional tenants looking for finished space. Because the property is already operating with multiple units leased, it may appeal to owner-users or investors interested in purchasing an office asset with established tenant occupancy rather than starting from scratch.
Key Highlights
- Mostly leased office units
- Units include built‑in offices
- Each unit has a private restroom
Local Financial Insights For Office B
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 | $333.2k | $21.60 |
| − Vacancy | −$53.3k | −$3.46 |
| EGI | $279.9k | $18.14 |
| − OpEx | −$70.0k | −$4.54 |
| NOI | $209.9k | $13.61 |
15,428 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.00M
$2.62M – $3.50M
NOI $209,944 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,924 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jessica Stebbins, LMFT
Counselor
The Local Hair Co.
Hair Salon
Qual-Tech Inc
Vocational School
Flirty Lashes
(Bike/Boat/Book/etc) Store
The Self Center
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Mostly leased office units with built-in offices and private restrooms, supporting steady income for an owner.
Where is this office units located?
The property is located at 2460 N Courtenay Pkwy Merritt Island, FL.
What is the asking price?
The asking price for this property is $2,699,900.
What are key features of this property?
This property features: Mostly leased office units; Units include built‑in offices; Each unit has a private restroom
