Mixed-Use Building with
For Sale
$3,249,900
76 E Merritt Island Causeway, Merritt Island, FL 32952
Two levels combine upstairs office space with a restaurant and service businesses below.
Property Size12,444 SF
Price / SF$261.16
Days on Market282
Property Features for 76 E Merritt Island Causeway
General Information
Standard status
Active
Size
12,444 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Mixed-Use Components
retail, office
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,394
Building Details
Building Size
12,444 SF
Year Built
1962
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Perrone Realty, LLC
Listed By:
Ralph S Perrone · License #3045618
(321) 452-9838
Source:
Inthehomezonerealty
Added: Jan 19
Changed: Oct 26
Last Checked: Oct 26 at 3:14PM
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 Perrone Realty, LLC
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Investment Insights
Based on property information with market context.
This renovated, two-story mixed-use property was built in 1962. Its upper floor contains 10 offices, while the ground level includes a Tijuana Flats restaurant, a massage business, and a nail salon.
The property is on SR 520 at 76 E Merritt Island Causeway in Merritt Island, Florida.
The property is on SR 520 at 76 E Merritt Island Causeway in Merritt Island, Florida.
Key Highlights
- 10 offices occupy the upper floor
- Ground‑floor businesses include a Tijuana Flats restaurant, massage business, and nail salon
- Two‑story building constructed in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,754
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,315,080
$3.3M
Cap Rate 7%
$2,367,914
$2.4M
Cap Rate 9%
$1,841,711
$1.8M
Market Conditions
NOI Build-Up for 12,444 SF
Gross rent
$238.9K $19.20/SF
− Vacancy
−$17.9K −$1.44/SF
EGI
$221.0K $17.76/SF
− OpEx
−$55.3K −$4.44/SF
NOI
$165.8K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,315,080
Cap Rate 7%
$2,367,914
Cap Rate 9%
$1,841,711
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,754 @ 7.0% cap · market cap 5.10%
Second Best
Mixed Use
$2.06M
$1.80M – $2.41M
NOI $144,382 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,816 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
506k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 22%
Apparel 14%
Groceries 11%
The Home Depot
Home Improvements & Furnishings
47,314 visits/mo
0.1 miles
Publix
Groceries
44,037 visits/mo
0.2 miles
T.J. Maxx
Apparel
41,205 visits/mo
0.3 miles
BJ's Wholesale Club
Superstores
35,532 visits/mo
0.4 miles
Ross Dress for Less
Apparel
29,126 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two levels combine upstairs office space with a restaurant and service businesses below.
Where is this mixed-use property located?
The property is located at 76 E Merritt Island Causeway Merritt Island, FL.
What is the asking price?
The asking price for this property is $3,249,900.
What are key features of this property?
This property features: 10 offices occupy the upper floor; Ground‑floor businesses include a Tijuana Flats restaurant, massage business, and nail salon; Two‑story building constructed in 1962
