195 Courtenay Pkwy Merritt Island, FL 32952-4823
Property profile & analytics
195 Courtenay Pkwy Merritt Island, FL 32952-4823
- Medical Office Space
- 4,224 SF
- 0.50 lot acres
Property ID
US18-3869941
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.
Location Intelligence
Current Use by 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
Property Details for 195 Courtenay Pkwy
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 0.50 lot acres
- Property size
- 4,224 SF
- Zone code
- RP
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 24-36-35-00-00262.1-0000.00
- APU
- 9223372036854775807
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $725,000
- ML approach
- $725,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $885,000
- 6.5%
- $820,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $774,000
Market price range: $402k - $973k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $655,000 Current use
- COMMERCIAL (GENERAL)
- $1,000,000 Change: +53% Conversion: Easy
- AUTO REPAIR, GARAGE
- $880,000 Change: +34% Conversion: Difficult
- OFFICE BUILDING
- $720,000 Change: +10% Conversion: Easy
- RETAIL STORES
- $680,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $580,000 Change: -11% Conversion: Difficult
- WAREHOUSE, STORAGE
- $530,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.7006
- Latitude
- 28.3546
- 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
$8,650
$109,000
$500,640
$609,640
-
$109,000
$500,640
$609,640
