10-Unit Self-Storage
For Sale
$450,000
B-2230 Mimosa Ave, Merritt Island, FL 32953
Concrete-block construction, a new roof and exterior paint update the facility’s physical profile.
Property Size2,457 SF
Price / SF$183.15
Days on Market15
Property Features for B-2230 Mimosa Ave
General Information
Standard status
Active
Size
2,457 SF
Warehouse & Industrial
Clear Height
10 ft
Self-Storage Units
10
Additional Details
Property Use
Self Storage
Taxes and HOA fees
Annual Taxes
$4,352
Building Details
Construction
concrete block
Listing Agency:
Realty World Curri Properties
(321) 259-1003
Listed By:
John D Curri · License #SL3105835
(321) 961-4487
Source:
Exprealty
Added: Oct 23
Changed: Nov 4
Last Checked: Nov 4 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 Realty World Curri Properties
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 self-storage property contains 10 units in concrete-block construction, along with an additional garage. Nine units measure 11' x 19', while the larger unit measures 17' x 19'. Each unit has an 8' x 8' roll-up door and 10' ceilings. The roof is new, and the exterior has been painted.
Key Highlights
- 10 self‑storage units plus an additional garage
- Nine units measure 11' x 19'; one larger unit measures 17' x 19'
- Each unit has an 8' x 8' roll‑up door and 10' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,952
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,040
$499.0K
Cap Rate 7%
$356,457
$356.5K
Cap Rate 9%
$277,244
$277.2K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$38.3K $15.60/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$35.6K $14.51/SF
− OpEx
−$10.7K −$4.35/SF
NOI
$25.0K $10.16/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,040
Cap Rate 7%
$356,457
Cap Rate 9%
$277,244
Alternative Uses
Best Use
Self Storage
$356.5K
$311.9K – $415.9K
NOI $24,952 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$241.8K
$211.6K – $282.2K
NOI $16,929 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$648.2K
$567.2K – $756.3K
NOI $45,376 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
556
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Concrete-block construction, a new roof and exterior paint update the facility’s physical profile.
Where is this self storage facility located?
The property is located at B-2230 Mimosa Ave Merritt Island, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 10 self‑storage units plus an additional garage; Nine units measure 11' x 19'; one larger unit measures 17' x 19'; Each unit has an 8' x 8' roll‑up door and 10' ceilings
