New Office Suite with Marquee
For Sale
Contact for pricing
315 S Courtenay Parkway 107, Merritt Island, FL 32952
Brand-new office unit with a double-door entrance, ADA restroom, and prominent roadway exposure.
Property Size1,320 SF
Price / SF$2.04
Days on Market88
Property Features for 315 S Courtenay Parkway 107
General Information
Standard status
Active
Size
1,320 SF
Additional Details
Road Access
Yes
Amenities
double-door entry
ADA restroom
marquee signage
Building Details
Tenancy
Multi
Listing Agency:
Quattrocchi Real Estate, Inc.
(321) 452-8668
Listed By:
Daniel J Quattrocchi · License #3215702
(321) 720-1822
Source:
Startbrevardsearch
Added: Jul 24
Changed: Oct 16
Last Checked: Oct 16 at 9:04AM
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 Quattrocchi Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Suite 107 is a newly constructed office unit within the Island Oaks Complex. The space includes a double-door entry and a large ADA restroom, with signage and roadway exposure oriented toward S. Courtenay Parkway. The suite is positioned just south of SR 520 in South Merritt Island and offers access to shared site amenities, including large marquee signage and more than 85 parking spaces. The complex also provides 300+ feet of frontage along S. Courtenay Parkway.
Key Highlights
- Suite 107 in the Island Oaks Complex
- Brand‑new construction with double‑door entry
- Large ADA restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,218
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,360
$304.4K
Cap Rate 7%
$217,400
$217.4K
Cap Rate 9%
$169,089
$169.1K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$23.8K $18.00/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$21.7K $16.47/SF
− OpEx
−$6.5K −$4.94/SF
NOI
$15.2K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,360
Cap Rate 7%
$217,400
Cap Rate 9%
$169,089
Alternative Uses
Best Use
Office B
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 666.53%
Second Best
Retail
$217.4K
$190.2K – $253.6K
NOI $15,218 @ 7.0% cap · market cap 564.68%
Theoretical Best
Office A
$348.3K
$304.7K – $406.3K
NOI $24,378 @ 7.0% cap · market cap 904.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 32952, FL
20,670
Population
10,108
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
1,680
Density / Sq Mi
$98,651
Median Household Income
$53,478
Median Earnings
$1,353
Median Rent
$404,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Brand-new office unit with a double-door entrance, ADA restroom, and prominent roadway exposure.
Where is this office units located?
The property is located at 315 S Courtenay Parkway 107 Merritt Island, FL.
What are key features of this property?
This property features: Suite 107 in the Island Oaks Complex; Brand‑new construction with double‑door entry; Large ADA restroom
