Two-Office Suite with Private
For Sale
Contact for pricing
76 E Merritt Island Causeway #207, Merritt Island, FL 32953
A 600-square-foot second-floor suite includes reception space and a private bathroom.
Property Size600 SF
Price / SF$1.42
Days on Market289
Property Features for 76 E Merritt Island Causeway #207
General Information
Standard status
Active
Size
600 SF
Property subtype
Business
Space & Availability
Floor
2
Condition
Newly Renovated
Additional Details
Property Use
Office
Amenities
free water
private A/C system
marquee sign
Building Details
Year Built
1962
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Jan 19
Changed: Oct 29
Last Checked: Oct 29 at 2:46PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 600-square-foot office suite on the second floor has two offices, a reception area, and a private bathroom. Interior features include fresh paint and textured walls, along with a dedicated air-conditioning system controlled by a digital thermostat.
The gross lease includes water, with no common area maintenance fee. Parking is available, and the tenant may display a name or logo on the property’s marquee sign. The building dates to 1962.
The gross lease includes water, with no common area maintenance fee. Parking is available, and the tenant may display a name or logo on the property’s marquee sign. The building dates to 1962.
Key Highlights
- 600‑square‑foot office suite
- Two offices, reception area, and private bathroom
- Second‑floor location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,165
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,300
$163.3K
Cap Rate 7%
$116,643
$116.6K
Cap Rate 9%
$90,722
$90.7K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$13.0K $21.60/SF
− Vacancy
−$2.1K −$3.46/SF
EGI
$10.9K $18.14/SF
− OpEx
−$2.7K −$4.54/SF
NOI
$8.2K $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%
$163,300
Cap Rate 7%
$116,643
Cap Rate 9%
$90,722
Alternative Uses
Best Use
Office B
$116.6K
$102.1K – $136.1K
NOI $8,165 @ 7.0% cap · market cap 960.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.3K
$138.5K – $184.7K
NOI $11,081 @ 7.0% cap · market cap 1,303.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,607
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A 600-square-foot second-floor suite includes reception space and a private bathroom.
Where is this office unit located?
The property is located at 76 E Merritt Island Causeway #207 Merritt Island, FL.
What are key features of this property?
This property features: 600‑square‑foot office suite; Two offices, reception area, and private bathroom; Second‑floor location
