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    Property profile & analytics

    5800 Courtenay Pkwy Merritt Island, FL 32953-7228

    • Strip malls
    • 4,710 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US18-6000608
    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

    • Ingenuity Engineering Solutions LLC / Machine Shop

    Property Details for 5800 Courtenay Pkwy

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    4,710 SF
    Zone code
    BU-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    23-36-27-00-00036.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $360,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $320,000
      Mixed-Use
      $290,000
      Hospitality
      $380,000
      Educational
      $335,000
      Residential Income
      $355,000
      Energy
      $345,000
      Income-Based Land
      $315,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7091
    Latitude
    28.4621
    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
    $4,059
    $58,970
    $145,780
    $204,750
    -
    $58,970
    $145,780
    $204,750

    Comparable in this City

    • Value Estimation by Request
      7,748 SF

      477 Courtenay Pkwy

      SHOPPING CENTER, STRIP CENTER • 7,748 SF
      477 Courtenay Pkwy, Merritt Island, FL 32953-3454
      View Details
    • Value Estimation
      $250,000
      3,836 SF

      5999 Courtenay Pkwysfr

      SHOPPING CENTER, STRIP CENTER • 3,836 SF
      5999 Courtenay Pkwysfr, Merritt Island, FL 32953-7002
      View Details
    • Value Estimation
      $255,000
      1,710 SF

      233 Courtenay Pkwy

      SHOPPING CENTER, STRIP CENTER • 1,710 SF
      233 Courtenay Pkwy, Merritt Island, FL 32953-3407
      View Details
    • Value Estimation
      $290,000
      2,772 SF

      125 Venetian Way

      SHOPPING CENTER, STRIP CENTER • 2,772 SF
      125 Venetian Way, Merritt Island, FL 32953-4144
      View Details
    • Value Estimation by Request
      30,077 SF

      925 Courtenay Pkwy Ste, Unit 12

      SHOPPING CENTER, STRIP CENTER • 30,077 SF
      925 Courtenay Pkwy Ste, Merritt Island, FL 32953-4555
      View Details
    • Value Estimation by Request
      18,459 SF

      685 Courtenay Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,459 SF
      685 Courtenay Pkwy, Merritt Island, FL 32953-4753
      View Details

    Similar Nearby for Sale

    • $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
    • $325,000

      Merritt Island Retail Opportunity

      Prime Retail Lot, High Traffic Area, $325,000
      4555 Courtenay Pkwy, 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
    • $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
    • $1,395,000

      Merritt Island Commercial Property For Sale

      6,200 SF building with 29,000 SF parking lot.
      3525 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • New
      $749,500
      4,631 SF

      Commercial Corner Lot with Pool

      Two buildings on a corner lot with a heated pool.
      691 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details

    Similar Nearby for Lease

    • $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
    • $1,795 /Mo
      8,053 SF

      Merritt Island Renovated Office Space

      Renovated office space in high-traffic Merritt Island location.
      1175 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $1,096 /Mo
      8,053 SF

      Merritt Island Renovated Office Space

      Renovated office space in high-traffic Merritt Island location.
      1175 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • Contact for pricing
      97,500 SF

      Merritt Island Retail Plaza

      High-traffic retail space available.
      85 Merritt Ave, Merritt Island, FL 32953
      View Details
    • $14 SF/Yr
      92,741 SF

      201 Crockett Blvd

      Neighborhood centers • 92,741 SF
      201 Crockett Blvd, Merritt Island, FL 32953
      View Details
    • $17 SF/Yr
      17,258 SF

      Merritt Island Retail Space

      High-traffic retail space, prime location.
      925 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
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    Merritt Island, FL 32953-7228
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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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