Flex Space with Roll-Up
95 S Plumosa St Merritt Island, FL 32952
95 S Plumosa St, Merritt Island, FL, 32952
$1,100,000
Pending
For Sale
$1,100,000
Pending
Metal-frame flex building with multiple roll-up garage doors, two units, and loft storage, including one fully remodeled unit.
Property Size8,200 SF
Days on Market155
Property Features for 95 S Plumosa St
General Information
- Standard status
- Pending
- Size
- 8,200 SF
Listing agency
Real Broker LLC
(321) 458-0298
Listed by
Kayla Adamson · License #3341997
(321) 458-0298
Source
Exprealty
Added: Feb 17 Updated: Jul 22 at 12:33AM Checked: Jul 22 at 9:00AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This metal-frame and concrete block flex building includes two separate units that can operate independently or be combined into a larger space. The property is equipped with multiple roll-up garage doors, an upstairs loft storage area, and a fenced rear yard. For access, there is a circular driveway designed to support convenient customer entry and circulation. One unit has been fully remodeled for immediate occupancy, while the second unit offers value-add potential.
The asset is located directly off highly traveled Highway 520 in Merritt Island, with visibility and access tailored for retail and service-oriented uses. The property is described as zoned BU-2 Retail Store - Multiple Units, supporting a range of flexible commercial applications.
As currently configured, the building’s layout and shared exterior features make it suitable for tenants seeking multiple bays or a combination workspace. The zoning and two-unit structure also provide an option for mixed operations under a single ownership setup.
The asset is located directly off highly traveled Highway 520 in Merritt Island, with visibility and access tailored for retail and service-oriented uses. The property is described as zoned BU-2 Retail Store - Multiple Units, supporting a range of flexible commercial applications.
As currently configured, the building’s layout and shared exterior features make it suitable for tenants seeking multiple bays or a combination workspace. The zoning and two-unit structure also provide an option for mixed operations under a single ownership setup.
Key Highlights
- Metal‑frame and concrete block commercial building directly off heavily traveled Highway 520
- Two separate units with flexibility to combine into one larger business space
- Multiple roll‑up garage doors plus circular driveway for customer access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.6k | $18.00 |
| − Vacancy | −$12.5k | −$1.53 |
| EGI | $135.1k | $16.47 |
| − OpEx | −$40.5k | −$4.94 |
| NOI | $94.5k | $11.53 |
8,200 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,538 @ 7.0% cap · market cap 8.59%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,724 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,438 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Plus Thrift Shop
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal-frame flex building with multiple roll-up garage doors, two units, and loft storage, including one fully remodeled unit.
Where is this flex space located?
The property is located at 95 S Plumosa St Merritt Island, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Metal‑frame and concrete block commercial building directly off heavily traveled Highway 520; Two separate units with flexibility to combine into one larger business space; Multiple roll‑up garage doors plus circular driveway for customer access
