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Property profile & analytics
OFF-MARKET Estimated value $675,000
Strip malls

2137 Courtenay Pkwy Merritt Island, FL 32953-4255

16,648 SF 1.37 ac lot Built 1977
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-0541886
Property summary
AI-generated overview

The Village Shops of Merritt Island offers exceptional retail opportunities in a thriving Brevard County neighborhood. This 14,144 square foot plaza, built in 1977 and zoned BU-1, sits on a 1.37-acre lot and provides convenient storefront parking. Two spaces are currently available, ranging from 750 to 1,990 contiguous square feet, with a minimum divisible space of 750 square feet. The property boasts a highly visible location on Merritt Island's main north/south thoroughfare, ensuring excellent exposure to a substantial customer base. Its convenient placement just north of Skyline Boulevard further enhances its accessibility and desirability. The plaza offers monument and building signage opportunities, allowing businesses to effectively promote their brands. This established neighborhood center presents a unique chance to establish or expand a retail presence in a high-traffic area with easy access and strong visibility. The flexible space options cater to a variety of retail needs, making it an ideal location for businesses seeking a prominent and accessible storefront in a well-established commercial area. The property's location and features make it an attractive investment for businesses seeking a strong foothold in the Merritt Island market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,648 SF
Lot 1.37 ac (59,677 SF)
APN 24-36-14-00-00530.0-0000.00
UPID US18-0541886
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
  • Tillman's Barbershop LLC Barber Shop
  • WJS Outdoors (Bike/Boat/Book/etc) Store
  • NR Supply Building Supply Hardware & Home Improvement
  • Salon Tropics LLC Hair Salon
  • Chi Lin Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k
Owner & transaction history
Courtenay Village Shops LLC · 6 yrs held
Courtenay Village Shops LLC
since 2020
Last sale
$661,600
5 recorded transactions
2020
$661,600
2019
Price N/A
2018
$1.6M
2017
$42,500
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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