Two-Office Second-Floor
For Sale
Contact for pricing
2425 N Courtenay Parkway 15, Merritt Island, FL 32953
Second-floor office suite with a private bathroom, elevator access, and included electric and water.
Property Size517 SF
Price / SF$1.55
Days on Market51
Property Features for 2425 N Courtenay Parkway 15
General Information
Standard status
Active
Size
517 SF
Net Rentable
517 SF
Elevators
Yes
Additional Details
Floor
2
Amenities
lobby
Listing Agency:
Anchor R.E. & Prop. Mgt LLC
Listed By:
Betsy Bateman · License #3109770
(321) 506-1009
Source:
Startbrevardsearch
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 3 at 6:11AM
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 Anchor R.E. & Prop. Mgt LLC
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Investment Insights
Based on property information with market context.
This 517 sq ft second-floor office unit includes two enclosed offices, a separate sitting area, and a private bathroom. An exterior window provides natural light, while electric and water service are included. The building offers an elevator and shared lobby for convenient access to the suite.
The property is located at 2425 N Courtenay Parkway in Merritt Island. On-site parking is available, and roadside and building signage can be purchased separately. The combination of private work areas, a dedicated restroom, and a defined waiting area supports a compact office setup within a multi-tenant commercial building.
The property is located at 2425 N Courtenay Parkway in Merritt Island. On-site parking is available, and roadside and building signage can be purchased separately. The combination of private work areas, a dedicated restroom, and a defined waiting area supports a compact office setup within a multi-tenant commercial building.
Key Highlights
- 517 sq ft rentable area on the 2nd floor
- Two private offices plus a private sitting area/lobby
- Private bathroom within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,035
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,700
$140.7K
Cap Rate 7%
$100,500
$100.5K
Cap Rate 9%
$78,167
$78.2K
Market Conditions
NOI Build-Up for 517 SF
Gross rent
$11.2K $21.60/SF
− Vacancy
−$1.8K −$3.46/SF
EGI
$9.4K $18.14/SF
− OpEx
−$2.3K −$4.54/SF
NOI
$7.0K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,700
Cap Rate 7%
$100,500
Cap Rate 9%
$78,167
Alternative Uses
Best Use
Office B
$100.5K
$87.9K – $117.3K
NOI $7,035 @ 7.0% cap · market cap 879.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$136.4K
$119.4K – $159.1K
NOI $9,548 @ 7.0% cap · market cap 1,193.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
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Business Placement
Demographics for 32953, FL
24,430
Population
11,566
Households
2.1
Avg Household Size
51
Median Age
35%
College-Educated
95%
High-School Grad
39.8 sq mi
ZIP Area
614
Density / Sq Mi
$84,248
Median Household Income
$41,534
Median Earnings
$1,300
Median Rent
$394,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with a private bathroom, elevator access, and included electric and water.
Where is this office unit located?
The property is located at 2425 N Courtenay Parkway 15 Merritt Island, FL.
What are key features of this property?
This property features: 517 sq ft rentable area on the 2nd floor; Two private offices plus a private sitting area/lobby; Private bathroom within the suite
