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    Medical Retail Space For Sale Title is generated by Realmo AI

    2235 N Courtenay Pkwy, Merritt Island, FL 32953

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    Medical/Retail space for sale, near JFK Space Center.

    Type:Office, Retail
    Property size:
    14,138 SF
    Price / SF:
    $264/SF
    Added:
    Feb 17, 2026
    Days on Market:
    130
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2235 N Courtenay Pkwy

    General Information

    Standard status
    Active
    Size
    14,138 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1987

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    Shannon Bona
    Shannon Bona

    Listing office CrownPoint Partners

    Listing date Feb 17, 2026

    Source Crexi

    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 CrownPoint Partners

    HighLights

    • STNL Medical (Stable Tenant, Net Lease)
    • 10 Mi. to JFK Space Center
    • 34k VPD (Vehicles Per Day)
    • Year Built: 1987

    Overview

    This commercial property offers a versatile space suitable for medical, office, or retail use. The property's location benefits from high traffic volume, with approximately 34,000 vehicles per day. The property is located within 10 miles of the JFK Space Center. The building has a total size of 14,138 square feet.

    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 $305.4k $21.60
    − Vacancy −$48.9k −$3.46
    EGI $256.5k $18.14
    − OpEx −$64.1k −$4.54
    NOI $192.4k $13.61
    14,138 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.75M
    $2.40M – $3.21M (±1% cap)
    NOI $192,390 @ 7.0% cap · market cap 5.14%
    Second Best
    Healthcare Medical
    $2.54M
    $2.22M – $2.97M (±1% cap)
    NOI $177,935 @ 7.0% cap · market cap 4.75%
    Theoretical Best
    Office A
    $3.73M
    $3.26M – $4.35M (±1% cap)
    NOI $261,101 @ 7.0% cap · market cap 6.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chelsidermy Tattoos - Merritt ... Tattoo & Piercing Shop Rutledge Insurance Group Insurance Agency Global Closing Solutions Title Company HHB Employment Agency Merritt Island Office ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Animal Clinic of Merritt Island — 1450 N Courtenay Pkwy Suite 16, Merritt Island, FL 32953
    • Dr George's Animal Clinic: Ibarra Natali S DVM — 1450 N Courtenay Pkwy Suite 16, Merritt Island, FL 32953

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7049626
    Latitude
    28.3962024

    FAQs

    What type of property is this?
    Medical Office Space - Medical/Retail space for sale, near JFK Space Center.
    Where is this medical office space located?
    The property is located at 2235 N Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $3,745,000.
    What are key features of this property?
    This property features: STNL Medical (Stable Tenant, Net Lease); 10 Mi. to JFK Space Center; 34k VPD (Vehicles Per Day)
    More about this property
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