2230 Mimosa Dr Merritt Island, FL 32953
This exceptional investment opportunity presents ten free-standing self-storage units situated on a 0.32-acre lot in Merritt Island, Florida, at 2230 Mimosa Dr, 32953. Built in 2005, this property boasts a total of 2,457 square feet of net rentable space, with each unit priced at $35,000, totaling an asking price of $350,000. The property is zoned BU-2 and benefits from a highly desirable location near major commercial thoroughfares connecting SR 520 to the Beachline Expressway. Its proximity to Cape Canaveral, Kennedy Space Center, and the NASA Shuttle Landing Facility makes it ideally positioned to capitalize on the booming space industry and the resurgence of the cruise industry. The property's strategic placement within the heart of the Space Coast's commercial sector ensures strong potential for rental income and future appreciation. While an adjacent, separately-listed, two-story office building is available for purchase, this listing focuses solely on the ten self-storage units. Potential buyers are responsible for verifying all aspects of the property, including permits, zoning, financials, and market conditions, prior to closing. This is a rare opportunity to acquire a well-located, established self-storage facility in a rapidly growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.