You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $765,000
Truck terminals

4805 Courtenay Pkwy Merritt Island, FL 32953-7927

6,820 SF 1.47 ac lot Built 1981
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5937611
Property summary
AI-generated overview

This exceptional 9,002,500 square foot commercial property, located at 4805 N Courtenay Parkway, presents a unique investment opportunity. The single-tenant building sits on a 1.47-acre lot and features a fully built-out office space ideal for a small business. The space boasts a large foyer/reception area, an administrative office, a spacious conference room, a break room with kitchen and storage, and two private offices, one of which includes a private bathroom and seating area. High ceilings add to the spacious feel. Seven surface parking spaces are available, along with signage opportunities. The property's strategic location near Kennedy Space Center, Boeing, Blue Origin, SpaceX, and Lockheed Martin ensures high traffic counts and excellent roadside visibility. The building is zoned BU-1 and offers significant advantages for businesses seeking a prominent presence in a high-growth area. Landlord-provided utilities include electricity, water, AC/heat, and sewer/septic. Tenants are responsible for their own internet and phone services. This one-story building presents a rare opportunity to acquire a well-maintained, highly visible commercial property in a thriving location. The property's features and location make it an attractive option for a variety of businesses. The APN is 23-36-34-00-00025.0-0000.00.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,820 SF
Lot 1.47 ac (64,033 SF)
Zoning code BU1
APN 23-36-34-00-00025.0-0000.00
UPID US18-5937611
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
  • General Contractors, Chematics of the South Construction Company General Contractor
  • Sauer Group, INC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$473k
Blend (final) Blend
$765k
Owner & transaction history
Mseamers LLC · 2 yrs held
Mseamers LLC
since 2023
Last sale
$825,000
4 recorded transactions
2023
$825,000
2016
Price N/A
2005
$450,000
1969
Price N/A
Zoning & alternative use
BU1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +62.5%
Retail stores $1.1M +47.7%
Medical building $1.1M +42.5%
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?”
You own 4805 Courtenay Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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