Office Suite with Private
2425 N Courtenay Parkway #4a, Merritt Island, FL 32953
For Sale
Contact for pricing
A second-floor workspace offers a window, with electric and water included in the occupancy.
Property Size19,888 SF
Price / SF$0.03
Days on Market189
Property Features for 2425 N Courtenay Parkway #4a
General Information
Standard status
Size
Net Rentable
Elevators
Property subtype
Additional Details
Floor
Property Use
Amenities
lobby
Building Details
Year Built
Listing Agency:
Anchor R.E. & Prop. Mgt LLC
Listed By:
Betsy Bateman · License #3109770
(321) 506-1009
Source:
Mccoyfreeman
Added: May 5
Changed: Nov 8
Last Checked: Nov 8 at 9:30AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 453-square-foot office unit is located on the second floor of Courthouse Square at 2425 N Courtenay Parkway in Merritt Island. The layout includes a private office, a private bathroom, and an exterior window that brings in natural light. Electric and water are included.
The 1987 building has an elevator, a lobby, and parking. Roadside and building signage are available for purchase.
The 1987 building has an elevator, a lobby, and parking. Roadside and building signage are available for purchase.
Key Highlights
- 453‑square‑foot rentable office unit on the second floor
- Private office with its own bathroom
- Exterior window provides natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$271,710
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,434,200
$5.4M
Cap Rate 7%
$3,881,571
$3.9M
Cap Rate 9%
$3,019,000
$3.0M
Market Conditions
NOI Build-Up for 19,888 SF
Gross rent
$393.8K $19.80/SF
− Vacancy
−$31.5K −$1.58/SF
EGI
$362.3K $18.22/SF
− OpEx
−$90.6K −$4.55/SF
NOI
$271.7K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,434,200
Cap Rate 7%
$3,881,571
Cap Rate 9%
$3,019,000
Alternative Uses
Best Use
Office B
$3.88M
$3.40M – $4.53M
NOI $271,710 @ 7.0% cap · market cap 43,473.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.80M
$5.07M – $6.77M
NOI $405,954 @ 7.0% cap · market cap 64,952.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
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
$394,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Brevard County, FL
Properties on Market for Office Units in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor workspace offers a window, with electric and water included in the occupancy.
Where is this office unit located?
The property is located at 2425 N Courtenay Parkway #4a Merritt Island, FL.
What are key features of this property?
This property features: 453‑square‑foot rentable office unit on the second floor; Private office with its own bathroom; Exterior window provides natural light
