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Property profile & analytics
FOR LEASE
Retail space

315 S Courtenay Pkwy Merritt Island, FL 32952

10,740 SF 2.06 ac lot Built 2022
Entity Owned 8-yr Hold Free & Clear
Property ID
US18-6885529
Property summary
AI-generated overview

The PLAZA at Island Oaks offers the last remaining commercial suite, perfectly situated in the thriving South Merritt Island area. This exceptional space boasts 1,340 square feet of brand new construction within the Island Oaks Complex, providing a modern and efficient layout ideal for a variety of businesses. Suite 107 features a prominent double-door entry, ensuring a professional and welcoming first impression for clients and customers. A large ADA-compliant restroom adds to the convenience and accessibility of the space. Benefit from prime exposure to South Courtenay Parkway, a major thoroughfare with high traffic volume, guaranteeing significant visibility for your business. The property's strategic location just south of State Road 520 ensures easy access for residents throughout South Merritt Island. With over 300 feet of frontage and a large marquee signage opportunity, your business will enjoy unparalleled exposure. Ample parking is provided with over 85 spaces available for customers and employees. The 2.06-acre lot offers significant potential for future expansion or development. This single-tenant space is perfect for a retail business or professional office seeking a high-traffic, easily accessible location with excellent visibility. Don't miss this last chance to secure a prime commercial space in a rapidly growing area. The property's APN is 24-36-35-52-00000.0-0001.01.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,740 SF
Lot 2.06 ac (89,734 SF)
Zoning code BU1
APN 24-36-35-52-00000.0-0001.01
UPID US18-6885529
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
  • FASTSIGNS (Bike/Boat/Book/etc) Store Printing Service
  • Launch Learning Preschool High School Daycare Center
  • Lusso Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.91M
Comparable Approach Comparable
$890k
Blend (final) Blend
$1.45M
Owner & transaction history
Jijoco LLC · 8 yrs held
Jijoco LLC
since 2018
3 recorded transactions
2018
$130,000
2015
Price N/A
2000
$140,000
Zoning & alternative use
BU1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.2M +29.6%
Office building $1.8M +6.0%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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