Second-Floor Private Office
2425 N Courtenay Parkway #7, Merritt Island, FL 32953
For Sale
Contact for pricing
A private restroom, exterior window, and access to shared lobby and elevator serve the office suite.
Property Size19,888 SF
Price / SF$0.05
Days on Market189
Property Features for 2425 N Courtenay Parkway #7
General Information
Standard status
Size
Net Rentable
Elevators
Property subtype
Additional Details
Floor
Utilities to Site
Property Use
Amenities
lobby
signage
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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Investment Insights
Based on property information with market context.
The second-floor office suite offers 561 square feet of rentable area, including a private office and private bathroom. An exterior window brings in natural light, and the building is equipped with an elevator and lobby. Electric and water are included.
Courthouse Square is located at 2425 N Courtenay Parkway in Merritt Island, Florida. Parking is available, and roadside and building signage can be purchased.
Courthouse Square is located at 2425 N Courtenay Parkway in Merritt Island, Florida. Parking is available, and roadside and building signage can be purchased.
Key Highlights
- 561 square feet of rentable area
- 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 30,190.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.80M
$5.07M – $6.77M
NOI $405,954 @ 7.0% cap · market cap 45,106.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
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 private restroom, exterior window, and access to shared lobby and elevator serve the office suite.
Where is this office unit located?
The property is located at 2425 N Courtenay Parkway #7 Merritt Island, FL.
What are key features of this property?
This property features: 561 square feet of rentable area; Private office with its own bathroom; Exterior window provides natural light
