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Property profile

1587 Courtenay Pkwy Merritt Island, FL 32953

OFF-MARKET
Retail space
Property ID
US19-0648473
16,258 SF 1.52 ac lot Built 2006
Last sale Sep 2006 · $4,973,100
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A Walgreens retail property located at 1587 N Courtenay Pkwy in Merritt Island, Florida, configured for retail drugstore use. The property was offered with an associated long-term lease structure that included scheduled rent increases of 5% every five years over a 15-year lease term.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$2.11M
Assessed land$730k
Assessed improvement$1.38M
Effective rate1.49%

Value estimate

· Oct 2026
$3.07M
$2.76M – $3.38M
CAP approach$2.89M
Submarket $/SF estimate$3.80M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$161/SF
County average, outlier-cleaned · 220 recorded sales of this use type
Observed band · Q1–Q3$89 – $249
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BU-1
The BU-1 general retail commercial zoning classification encompasses land devoted to general retail shopping, offices and personal servic...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand index
Law Firm24.6
Wholesale Shop24.3
Building Supply23.9

Location

1587 Courtenay Pkwy Merritt Island, FL 32953-4454
County assessor Recorded deeds · 7 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
590 Courtenay, Merritt Island, FL 32953-4772 $1,800,000 Nov 2024 6,889 SF
290 Courtenay, Merritt Island, FL 32953-3403 $2,750,000 Dec 2023 3,688 SF
35 Courtenay, Merritt Island, FL 32953-3476 $725,000 Mar 2021 4,852 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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