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    Property profile & analytics

    3505 Courtenay Pkwy Merritt Island, FL 32953-8102

    • Individual retail properties
    • 7,008 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US18-5045367
    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.

    Current Use by Public Records

    • La Bella / Medical Spa / Day Spa

    Property Details for 3505 Courtenay Pkwy

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.78 lot acres
    Property size
    7,008 SF
    Zone code
    BU2
    Property type
    Individual retail properties
    APN
    24-36-02-00-00512.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $500,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $420,000
      Mixed-Use
      $410,000
      Hospitality
      $375,000
      Educational
      $480,000
      Residential Income
      $425,000
      Energy
      $495,000
      Income-Based Land
      $445,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.708
    Latitude
    28.4203
    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
    $9,418
    $155,100
    $484,900
    $640,000
    -
    $155,100
    $484,900
    $640,000

    Comparable in this City

    • Value Estimation by Request
      6,032 SF

      930 Courtenay Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 6,032 SF
      930 Courtenay Pkwy, Merritt Island, FL 32953-4532
      View Details
    • Value Estimation by Request
      3,640 SF

      3120 Courtenay Pkwy, Unit 102

      CONVENIENCE STORE (W/FUEL PUMP) • 3,640 SF
      3120 Courtenay Pkwy, Merritt Island, FL 32953-8308
      View Details
    • Value Estimation
      $335,000
      2,400 SF

      1580 Courtenay Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 2,400 SF
      1580 Courtenay Pkwy, Merritt Island, FL 32953-4422
      View Details
    • Value Estimation by Request
      6,590 SF

      1090 Courtenay Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 6,590 SF
      1090 Courtenay Pkwy, Merritt Island, FL 32953-4533
      View Details
    • Value Estimation by Request
      5,715 SF

      705 Courtenay Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 5,715 SF
      705 Courtenay Pkwy, Merritt Island, FL 32953-4651
      View Details
    • Value Estimation
      $715,000
      4,852 SF

      35 Courtenay Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,852 SF
      35 Courtenay Pkwy, Merritt Island, FL 32953-3476
      View Details

    Similar Nearby for Sale

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      Merritt Island Commercial Property

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    • Contact for pricing
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      Freestanding Retail Building on Corner Lot

      Corner lot retail building with great access and high traffic.
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      Merritt Island Commercial Property For Sale

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      Merritt Island Retail Opportunity

      Prime Retail Lot, High Traffic Area, $325,000
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Merritt Island Retail Space Available

      Neighborhood retail plaza with direct storefront parking and signage.
      2137 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Victoria Square

      Retail space available in a high-traffic shopping center.
      1450 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $17 SF/Yr
      17,258 SF

      Merritt Island Retail Space

      High-traffic retail space, prime location.
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      View Details
    • $14 SF/Yr
      92,741 SF

      201 Crockett Blvd

      Neighborhood centers • 92,741 SF
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    • $3,900 /Mo
      3,000 SF

      Versatile Merritt Island Commercial Space

      Retail, office, medical, or flex space with high visibility.
      1070 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $27 SF/Yr
      1,112 SF

      Merritt Island Retail Space Available

      Retail space in Merritt Island with flexible BU-1 zoning.
      131-141 S Courtenay Pkwy, Merritt Island, FL 32953
      View Details
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    Merritt Island, FL 32953-8102
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    Realmo Value Estimation

    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.

    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.

    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
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