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    2625 Courtenay Pkwy Merritt Island, FL 32953

    • Bars
    • 5,473 SF
    • 0.95 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US18-2387902
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Curative COVID-19 Test Site / Medical Laboratory

    Property Details for 2625 Courtenay Pkwy

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.95 lot acres
    Property size
    5,473 SF
    Zone code
    BU1
    Property type
    Bars
    APN
    24-36-14-00-00261.0-0000.00
    APU
    9223372036854775807

    Description

    This exceptional 4,539-square-foot freestanding retail storefront presents a compelling investment opportunity in Merritt Island, Florida. Situated on a prominent 0.95-acre corner lot at the Northwest corner of North Courtenay Parkway and Heidi Lane, this property benefits from excellent visibility and accessibility, directly off State Road 528. Built in 1968, the building is zoned BU-1, offering versatility for a range of retail uses. The property boasts a high traffic count of 34,000 AADT (Average Annual Daily Traffic), ensuring significant exposure to potential customers. Its location on a major thoroughfare in Merritt Island guarantees substantial foot and vehicle traffic. The ample lot size provides ample parking and potential for expansion or future development. The property's parcel number (APN) is 24-36-14-00-261. This prime retail location offers a unique chance to establish or expand a successful business in a thriving community. The property's size, location, and high traffic volume make it an ideal investment for discerning buyers seeking a strong return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $335,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $315,000
      Mixed-Use
      $300,000
      Hospitality
      $290,000
      Educational
      $350,000
      Residential Income
      $285,000
      Energy
      $280,000
      Income-Based Land
      $310,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7063
    Latitude
    28.4043
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,379
    $370,800
    $13,170
    $383,970
    -
    $370,800
    $13,170
    $383,970

    Comparable in this City

    • Value Estimation
      $495,000
      3,719 SF

      4155 Courtenay Pkwy

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,719 SF
      4155 Courtenay Pkwy, Merritt Island, FL 32953-8114
      View Details
    • Value Estimation
      $605,000
      2,572 SF

      370 Courtenay Pkwy

      RESTAURANT • 2,572 SF
      370 Courtenay Pkwy, Merritt Island, FL 32953-3456
      View Details
    • Value Estimation by Request
      1,704 SF

      2140 Courtenay Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,704 SF
      2140 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • Value Estimation
      $390,000
      2,613 SF

      300 Courtenay Pkwy

      RESTAURANT • 2,613 SF
      300 Courtenay Pkwy, Merritt Island, FL 32953-3451
      View Details
    • Value Estimation
      $245,000
      1,122 SF

      265 Courtenay Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,122 SF
      265 Courtenay Pkwy, Merritt Island, FL 32953-3407
      View Details
    • Value Estimation by Request
      3,081 SF

      920 Courtenay Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,081 SF
      920 Courtenay Pkwy, Merritt Island, FL 32953-4532
      View Details

    Similar Nearby for Sale

    • $325,000

      Merritt Island Retail Opportunity

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    • Contact for pricing
      4,539 SF

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      Corner lot retail building with great access and high traffic.
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    • Contact for pricing
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    Similar Nearby for Lease

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      Merritt Island Retail Opportunity

      Retail and restaurant spaces available in Merritt Island shopping center.
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    • $19 SF/Yr
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      Merritt Island Retail Space

      Prime Merritt Island retail space, 2,026 sq ft.
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    • $16 SF/Yr
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      Merritt Island Retail Space Available

      Neighborhood retail plaza with direct storefront parking and signage.
      2137 N Courtenay Pkwy, Merritt Island, FL 32953
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    • $12 SF/Yr
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      Merritt Island Retail Showroom

      8,356 SF Showroom, High Visibility
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      View Details
    • $5 SF/Yr
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      Merritt Island Executive Office Space

      1,800 SF Retail/Office, Ample Parking
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      View Details
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    Merritt Island, FL 32953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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