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    Property profile & analytics

    3880 Courtenay Pkwy Merritt Island, FL 32953-8107

    • Warehouses
    • 4,362 SF
    • 2.86 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US18-3715154
    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

    • Mollicam Inc / Plastic Fabrication Company
    • Space Coast Nursery / Plant Nursery

    Property Details for 3880 Courtenay Pkwy

    Year built
    1979
    Construction
    FRAME
    Lot size
    2.86 lot acres
    Property size
    4,362 SF
    Zone code
    BU1/BU2
    Property type
    Warehouses
    APN
    24-36-02-00-00299.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $395,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $295,000
      Mixed-Use
      $370,000
      Hospitality
      $285,000
      Educational
      $305,000
      Residential Income
      $320,000
      Energy
      $365,000
      Income-Based Land
      $355,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7066
    Latitude
    28.427
    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
    $11,161
    $205,290
    $406,160
    $611,450
    -
    $205,290
    $406,160
    $611,450

    Comparable in this City

    • Value Estimation
      $615,000
      2,475 SF

      3401 Courtenay Pkwy Ste, Unit 103

      MINI-WAREHOUSE, STORAGE • 2,475 SF
      3401 Courtenay Pkwy Ste, Merritt Island, FL 32953-8344
      View Details
    • Value Estimation
      $360,000
      6,469 SF

      345 Myrtice Ave

      WAREHOUSE, STORAGE • 6,469 SF
      345 Myrtice Ave, Merritt Island, FL 32953-4877
      View Details
    • Value Estimation
      $460,000
      4,872 SF

      215 Tropical Trl

      MINI-WAREHOUSE, STORAGE • 4,872 SF
      215 Tropical Trl, Merritt Island, FL 32953-4738
      View Details
    • Value Estimation
      $575,000
      2,475 SF

      3401 Courtenay Pkwy Ste, Unit 105

      MINI-WAREHOUSE, STORAGE • 2,475 SF
      3401 Courtenay Pkwy Ste, Merritt Island, FL 32953-8344
      View Details
    • Value Estimation
      $590,000
      2,475 SF

      3401 Courtenay Pkwy Ste, Unit 107

      MINI-WAREHOUSE, STORAGE • 2,475 SF
      3401 Courtenay Pkwy Ste, Merritt Island, FL 32953-8344
      View Details
    • Value Estimation
      $335,000
      17,414 SF

      6025 Courtenay Pkwy

      STORAGE YARD, OPEN STORAGE • 17,414 SF
      6025 Courtenay Pkwy, Merritt Island, FL 32953-7004
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Merritt Island Industrial Land

      28-Acre Warehouse Site, $1.9M
      0 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $1,900,000

      Merritt Island Industrial Land

      28 Acres, PIP Zoning, NASA Proximity
      00000 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $4,950,000

      Merritt Island Commercial Land Opportunity

      29-Acre Development Site, Space Coast
      6455 Tropical Trl, Merritt Island, FL 32953
      View Details
    • $325,000

      Merritt Island Retail Opportunity

      Prime Retail Lot, High Traffic Area, $325,000
      4555 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $525,000
      2,444 SF

      Merritt Island Commercial Property

      Commercial property in Merritt Island with historic charm and modern updates.
      290 Parnell St, Merritt Island, FL 32953
      View Details
    • Contact for pricing
      4,539 SF

      Freestanding Retail Building on Corner Lot

      Corner lot retail building with great access and high traffic.
      2625 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details

    Similar Nearby for Lease

    • $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
    • $15 SF/Yr
      36,239 SF

      Merritt Island Office Space Available

      Versatile Office Building, 19,000 SF Vacant
      255 Sykes Creek Pkwy, Merritt Island, FL 32953
      View Details
    • $19 SF/Yr
      2,026 SF

      Merritt Island Retail Space

      Prime Merritt Island retail space, 2,026 sq ft.
      375 Merritt Ave, Merritt Island, FL 32953
      View Details
    • $16 SF/Yr
      830 SF

      Merritt Island Retail Space Available

      Neighborhood retail plaza with direct storefront parking and signage.
      2137 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $12 SF/Yr
      8,356 SF

      Merritt Island Retail Showroom

      8,356 SF Showroom, High Visibility
      685 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $5 SF/Yr
      1,800 SF

      Merritt Island Executive Office Space

      1,800 SF Retail/Office, Ample Parking
      1070 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
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    Merritt Island, FL 32953-8107
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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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