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95-99 S Plumosa St 8,200 SF Vacant Retail Building Merritt Island, FL 32952 $1,515,778 CAD ($184.85 CAD/SF) 8.29% Cap Rate
Investment Highlights
- Exceptional visibility directly off highly traveled Highway 520.
- Industrial, Retail, or Warehouse.
- Two separate units with the flexibility to combine into one larger business space.
Executive Summary
Prime Merritt Island commercial opportunity with exceptional visibility directly off highly traveled Highway 520! This solid metal-frame and concrete block building offers two separate units with the flexibility to combine into one larger business space. Property features multiple roll-up garage doors, circular driveway for easy customer access, fenced rear yard, and upstairs loft storage. One unit has been fully remodeled, allowing immediate occupancy while the other offers value-add potential. Zoned BU-2 Retail Store - Multiple Units, making it ideal for retail, service, automotive, contractor trades, or mixed-use operations. Surrounded by established high-traffic businesses for maximum exposure and customer flow. Excellent opportunity for owner-users or investors seeking a versatile commercial asset in a high-demand corridor. Cap rate is based off leasing both units at $3,800 a month. With updates to the North side market rent can be higher resulting in a lower cap rate.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Building Size
8,200 SF
Building Class
C
Year Built
1973
Price
$1,515,778 CAD
Price Per SF
$184.85 CAD
Cap Rate
8.29%
NOI
$125,658 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.52 AC
Zoning
BU2
Parking
17 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
129’ on Plumosa St
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-36-35-02-00000.0-0022.00 | Total Assessment | $656,814 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
24-36-35-02-00000.0-0022.00
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$656,814 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Presented by
Real Broker, LLC
95-99 S Plumosa St
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