4805 Courtenay Pkwy Merritt Island, FL 32953
- Truck terminals
- 6,820 SF
- 1.47 lot acres
Current Use by Public Records
- General Contractors, Chematics of the South / General Contractor / Construction Company
- Sauer Group, INC / Construction Company / Service Establishment
Property Details for 4805 Courtenay Pkwy
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.47 lot acres
- Property size
- 6,820 SF
- Zone code
- BU1
- Property type
- Truck terminals
- APN
- 23-36-34-00-00025.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional 9,002,500 square foot commercial property, located at 4805 N Courtenay Parkway, presents a unique investment opportunity. The single-tenant building sits on a 1.47-acre lot and features a fully built-out office space ideal for a small business. The space boasts a large foyer/reception area, an administrative office, a spacious conference room, a break room with kitchen and storage, and two private offices, one of which includes a private bathroom and seating area. High ceilings add to the spacious feel. Seven surface parking spaces are available, along with signage opportunities. The property's strategic location near Kennedy Space Center, Boeing, Blue Origin, SpaceX, and Lockheed Martin ensures high traffic counts and excellent roadside visibility. The building is zoned BU-1 and offers significant advantages for businesses seeking a prominent presence in a high-growth area. Landlord-provided utilities include electricity, water, AC/heat, and sewer/septic. Tenants are responsible for their own internet and phone services. This one-story building presents a rare opportunity to acquire a well-maintained, highly visible commercial property in a thriving location. The property's features and location make it an attractive option for a variety of businesses. The APN is 23-36-34-00-00025.0-0000.00.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $715,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $890,000
- 6.5%
- $860,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $825,000
- Geo Method
- $760,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,045,000
- Retail
- $1,035,000
- Mixed-Use
- $795,000
- Hospitality
- $790,000
- Educational
- $1,000,000
- Residential Income
- $1,025,000
- Energy
- $1,005,000
- Income-Based Land
- $1,025,000
- Food Service
- $955,000
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.7097
- Latitude
- 28.4438
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
