Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3390 Courtenay Pkwy Ste B Merritt Island, FL 32953-8341
    Back to Search
    Property profile & analytics

    3390 Courtenay Pkwy Ste B, Merritt Island, FL 32953-8341

    View on Map
    • Truck terminals
    • 6,300 SF
    • 1.48 lot acres
    Off-Market
    Last Sale Aug 4, 2021
    Property ID
    US18-3501686
    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.
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sealift LLC / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • Counterkraft / Kitchen & Bath Showroom / Hardware & Home Improvement
    • Gaydan Construction Inc / Construction Company
    • Easy Auctions / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 3390 Courtenay Pkwy Ste B

    Year built
    1991
    Construction
    FRAME
    Lot size
    1.48 lot acres
    Zone code
    IU
    Property type
    Truck terminals
    APN
    24-36-11-00-00271.0-0000.00
    APU
    9223372036854775807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 4, 2021 — Gaydan Properties LLC Jeannie Gaydan Quit Claim Deed · related —
    Mar 10, 2010 — Gaydan Martin & Jeannie Fam Trust Gaydan,martin M & Jeannie Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $648,000
      Market price range: $240k - $655k

    • Alternative Use

      Use
      Estimation
      TRUCK TERMINAL (MOTOR FREIGHT)
      $685,000
      Current use
      OFFICE BUILDING
      $1,115,000
      Change: +63% Conversion: Difficult
      RETAIL STORES
      $1,015,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $980,000
      Change: +42% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7056
    Latitude
    28.4181
    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
    $12,446
    $128,800
    $526,240
    $655,040
    -
    $128,800
    $526,240
    $655,040

    Comparable in this City

    • Value Estimation
      $580,000
      9,975 SF

      143 Tropical Trl

      TRUCK TERMINAL (MOTOR FREIGHT)
      143 Tropical Trl, Merritt Island, FL 32953-4736
      View Details
    • Value Estimation by Request
      1,500 SF

      1870 Tropical Trl

      TRUCK TERMINAL (MOTOR FREIGHT)
      1870 Tropical Trl, Merritt Island, FL 32953
      View Details
    • Value Estimation
      $675,000
      13,000 SF

      3400 Courtenay Pkwy

      TRUCK TERMINAL (MOTOR FREIGHT)
      3400 Courtenay Pkwy, Merritt Island, FL 32953-8314
      View Details
    • Value Estimation
      $785,000
      16,099 SF

      1005 Crisafulli Rd

      TRUCK TERMINAL (MOTOR FREIGHT)
      1005 Crisafulli Rd, Merritt Island, FL 32953-7414
      View Details
    • Value Estimation
      $525,000
      7,640 SF

      4120 Courtenay Pkwy

      TRUCK TERMINAL (MOTOR FREIGHT)
      4120 Courtenay Pkwy, Merritt Island, FL 32953-8113
      View Details
    • Value Estimation by Request
      7,696 SF

      350 Myrtice Ave Ste, Unit 201

      TRUCK TERMINAL (MOTOR FREIGHT)
      350 Myrtice Ave Ste, Merritt Island, FL 32953-4720
      View Details

    Similar Nearby for Sale

    • $3,449,900
      24,000 SF

      Merritt Island Flex Space

      Office/warehouse/flex space with roll-up doors and air-conditioned office.
      150 Venetian Way, Merritt Island, FL 32953
      View Details
    • $330,000

      Merritt Island Commercial Land Opportunity

      Over 2 acres, high-traffic location, development potential.
      0 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $2,499,900
      10,413 SF

      Merritt Island Office/Medical Complex

      New two-story office/medical complex with elevator and ample parking.
      260 N Tropical Trl, Merritt Island, FL 32953
      View Details
    • $1,249,000
      8,053 SF

      Merritt Island Retail/Office Center

      Renovated 8,053 SF retail/office center on high-traffic N Courtenay Pkwy.
      1175 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $1,475,000
      Pending

      Merritt Island Land Near Port

      5.91-acre parcel near Port Canaveral, suitable for various uses.
      N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • Contact for pricing

      Waterfront Lot in Gated Community

      Waterfront lot with deeded boat slip in gated community.
      575 River Moorings Dr, Merritt Island, FL 32953
      View Details

    Similar Nearby for Lease

    • $900 /Mo
      7,000 SF

      Renovated Open Space in Merritt

      Versatile renovated commercial space with high ceilings in Merritt Island.
      4235 N Courtenay Pkwy N, Merritt Island, FL 32953
      View Details
    • $2,188 /Mo
      43,560 SF

      Top-Tier Merritt Island Office Space

      Newer, centrally located office/medical complex with modern amenities.
      260 N Tropical Trl, Merritt Island, FL 32953
      View Details
    • Contact for pricing

      Updated Office Space For Rent

      Updated commercial building ideal for small business near Kennedy Space Center.
      4805 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • Contact for pricing
      9,002,500 SF

      Courtenay Parkway Commercial Property

      Prime Retail/Office Space, High Visibility
      4805 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $27 SF/Yr

      Merritt Island Retail Space Available

      Retail space in central Merritt Island location for lease.
      131-141 S Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $899 /Mo
      63,162 SF

      Remodeled Office Suite For Rent

      Newly remodeled office suite with private bathroom and free utilities.
      2460 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3390 Courtenay Pkwy Ste B
    Merritt Island, FL 32953-8341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3390 Courtenay Pkwy Ste B, Merritt Island, FL, 32953
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!