Office Suite with Private
For Sale
Contact for pricing
2460 N Courtenay Parkway #103, Merritt Island, FL 32953
Utility service and parking are included, with no common-area maintenance fee.
Property Size435 SF
Price / SF$1.84
Days on Market226
Property Features for 2460 N Courtenay Parkway #103
General Information
Standard status
Active
Size
435 SF
Property subtype
Business
Additional Details
Condition
Newly Renovated
Amenities
private bathroom
textured walls
2ft x 2ft drop in ceilings
Fresh paint
Strong A/C system with digital thermostat
Free water and electric
marque sign
Building Details
Year Built
1965
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Mar 23
Changed: Oct 29
Last Checked: Oct 29 at 2:50PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This remodeled office suite has a private bathroom, fresh paint, textured walls, and a 2 ft. by 2 ft. drop-in ceiling. A digital thermostat controls the air-conditioning system, and water and electric service are included. Parking is available on the property, and the suite can display a name or logo on the marquee sign along Courtenay Parkway.
Key Highlights
- Private bathroom in a remodeled office suite
- 2 ft. x 2 ft. drop‑in ceiling, textured walls, and fresh paint
- Air conditioning with digital thermostat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,919
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,380
$118.4K
Cap Rate 7%
$84,557
$84.6K
Cap Rate 9%
$65,767
$65.8K
Market Conditions
NOI Build-Up for 435 SF
Gross rent
$9.4K $21.60/SF
− Vacancy
−$1.5K −$3.46/SF
EGI
$7.9K $18.14/SF
− OpEx
−$2.0K −$4.54/SF
NOI
$5.9K $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%
$118,380
Cap Rate 7%
$84,557
Cap Rate 9%
$65,767
Alternative Uses
Best Use
Office B
$84.6K
$74.0K – $98.7K
NOI $5,919 @ 7.0% cap · market cap 740.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$114.8K
$100.4K – $133.9K
NOI $8,034 @ 7.0% cap · market cap 1,005.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
513
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 - Utility service and parking are included, with no common-area maintenance fee.
Where is this office unit located?
The property is located at 2460 N Courtenay Parkway #103 Merritt Island, FL.
What are key features of this property?
This property features: Private bathroom in a remodeled office suite; 2 ft. x 2 ft. drop‑in ceiling, textured walls, and fresh paint; Air conditioning with digital thermostat
