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    Property profile & analytics
    OFF-MARKET Estimated value $725,000
    Medical Office Space

    195 Courtenay Pkwy, Merritt Island, FL 32952-4823

    4,224 SF 0.5 ac lot Built 1987
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US18-3869941
    Property summary
    AI-generated overview

    This exceptional 1,949 square foot medical or professional office space presents a fantastic leasing opportunity. Located just 0.13 miles south of Highway 520 on South Courtenay Parkway, this highly visible property boasts 31,000 daily passing vehicles. The single-story building, constructed in 1987 and extensively renovated in 2024, offers an outstanding layout perfect for medical practices. Features include five plumbed exam rooms, three bathrooms, a private office, a reception area, a waiting room, a bonus/break room, and ample storage. The interior showcases attractive vaulted tongue-and-groove wood plank ceilings, fresh paint, new flooring, and a brand-new HVAC system. The 0.5-acre site provides convenient parking with 22 shared spaces. The property is zoned RP - Residential Professional and is part of a larger building totaling 3,818 square feet. The base monthly rent is $3,600. This is a turn-key solution for a medical practice seeking a high-visibility location with modern amenities and a functional design. Don't miss this opportunity to establish your practice in a thriving area.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1987
    Construction WOOD
    Total area 4,224 SF
    Lot 0.5 ac (21,780 SF)
    Zoning code RP
    APN 24-36-35-00-00262.1-0000.00
    UPID US18-3869941
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Merritt Island Center for Dentistry - Dr. Dieter Burr Dental Office
    • My Island Dental Dental Office
    • Conforti Richard DMD Dental Office
    • Nass & Franklin Physician
    • Ocean Optical Ophthalmologist (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $725k
    CAP Approach CAP
    $820k
    Comparable Approach Comparable
    $774k
    Blend (final) Blend
    $725k
    Owner & transaction history
    Moe Holdings Of Brevard LLC · 2 yrs held
    Moe Holdings Of Brevard LLC
    since 2024
    Last sale
    $725,000
    3 recorded transactions
    2024
    $725,000
    2018
    $630,000
    2009
    Zoning & alternative use
    RP · Merritt Island, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.0M +52.7%
    Auto repair, garage $880,000 +34.3%
    Office building $720,000 +9.9%
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