Perrone Properties

What Perrone Properties does

Perrone Properties is a privately held, family-run commercial real estate ownership and management company headquartered at 260 North Tropical Trail, Merritt Island, Florida. The company — founded and operated by Ralph Perrone Sr. — owns and leases a portfolio of office, retail, medical, and warehouse-flex properties concentrated on Florida's Space Coast, primarily in Merritt Island with additional holdings in Cocoa, Rockledge, Cape Canaveral, and Titusville. Its product set spans multi-tenant commercial plazas (e.g., Perrone Plaza at 21,408 sq ft with 32 offices), office/warehouse flex (Perrone Office/Warehouse Center, 24,000 sq ft), medical buildings (Perrone Tropical Trail, 10,400 sq ft), street-front retail (Perrone Center, 18,100 sq ft along SR-520; Twin Rivers at 12,444 sq ft), and a recently repositioned 66,659 sq ft former car dealership (Perrone River) with EV charging and amenity space. A signature feature of the offering is a no-CAM-fee lease structure that bundles common-area and some utilities into base rent, alongside owner-financing and lease-to-buy options on select assets.

The company operates with no proprietary technology platform; distribution is via a website with property listings, direct phone sales, in-person tours, and community referrals, supported by a Facebook presence and local earned-media coverage (including an April 2024 Florida Today feature on the Space Coast building boom and a 7-acre commercial site opportunity). Tenants are predominantly small and mid-sized local businesses — professional services, medical/healthcare practices, retail and service operators, and light-industrial users — with several documented long-tenure relationships (up to 10 years). Revenue is primarily recurring monthly rental income from multi-tenant leases, supplemented by one-time property sales; pricing is quote-based and not publicly disclosed. Customer acquisition relies on direct landlord-tenant relationships, community reputation, and word-of-mouth referrals. The company is unbacked by institutional capital, with no disclosed funding rounds, parent entities, or subsidiaries.

Name

Perrone Properties

Legal name

Perrone Properties Inc

Website

https://perroneproperties.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Perrone Properties is a family-run commercial real estate company that owns and leases office, retail, medical, and warehouse-flex properties on Florida's Space Coast, primarily in Merritt Island and surrounding Brevard County, serving small businesses and professionals through no-CAM-fee leases.

Ownership category

akta.pro rank

Headquarters

HQ city

Merritt Island

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Property Leasing: Perrone Properties generates revenue primarily through leasing commercial office, retail, and warehouse spaces to tenants in Merritt Island, Cocoa, and Rockledge, Florida. Revenue is recurring rental income from multi-tenant commercial plazas, professional office buildings, and street-front retail spaces. The company also offers owner financing and lease-to-buy options on select properties, creating additional revenue streams.
2. Commercial Property Sales: The company sells commercial properties including multi-tenant buildings, office/warehouse facilities, and retail buildings. Properties listed for sale include Perrone Plaza (2460 N Courtenay Pkwy), Perrone Office/Warehouse Center (150 & 160 Venetian Way), and Perrone Center (230/234 E. Merritt Island Causeway). These transactions generate one-time revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Perrone Properties owns, manages, and leases a portfolio of commercial properties in Brevard County, Florida's Space Coast, including multi-tenant office and retail plazas, professional office buildings, street-front retail spaces, and office/warehouse flex facilities on Merritt Island, Cocoa, and Rockledge. The company sells select commercial buildings and offers owner financing and lease-to-buy options, with a signature no-CAM-fee lease structure aimed at small businesses, professionals, and entrepreneurs.

Product overview

Perrone Properties is a locally owned and managed commercial real estate company operating on Florida's Space Coast, primarily serving Merritt Island with additional properties in Cocoa and Rockledge. The company offers a portfolio of commercial properties for lease and sale, including multi-tenant commercial plazas, professional office buildings, street-front retail and service spaces, office/warehouse flex spaces, and medical buildings. A defining feature of Perrone Properties is its no-CAM-fee lease structure, providing tenants with transparent and predictable occupancy costs. The company specializes in serving small business owners, professionals, and entrepreneurs through direct ownership and local management.

Differentiator

Problem solved

Functional benefit

Brands

• Perrone Plaza: Multi-tenant commercial building at 2460 N Courtenay Parkway, Merritt Island
• Perrone Village
• Perrone River
• Perrone Center
• Perrone Twin Rivers
• Perrone Office/Warehouse Center

Products and services

• Perrone Plaza (2460 N Courtenay Pkwy) Multi-tenant commercial office and retail building in Merritt Island, FL, featuring 21,408 ft² with 32 offices; currently available for sale as an investment property.
• Perrone Office/Warehouse Center (150 & 160 Venetian Way) Commercial office and warehouse flex property in Merritt Island, FL, offering 24,000 ft² with 12 offices and 12 bathrooms; available for sale.
• Perrone Tropical Trail (260 N. Tropical Trail) Office and medical building for sale in Merritt Island, FL, containing 10,400 ft² of space; suitable for professional and medical tenants.
• Perrone Twin Rivers (76 E. Merritt Island Causeway) Commercial building for sale located on SR-520 in Merritt Island, FL, featuring 12,444 ft² with 14 offices.
• Perrone Center (230/234 E. Merritt Island Causeway) Multi-building commercial retail parcel for sale in Merritt Island, FL, consisting of two free-standing buildings totaling approximately 18,100 ft² with retail zoning along SR-520.
• Perrone River — Entire Building (1850 E Merritt Island Cswy) Premier commercial space for lease and sale in Merritt Island, FL. A former luxury car dealership facility offering approximately 66,659 ft² with extensive office, service, warehouse, and amenity spaces including restaurant, gym, theater, and conference rooms; features EV charging stations and direct SR-520 frontage.
• Perrone River Suite 6 (1850 E Merritt Island Cswy Suite 6) Commercial space for lease at Perrone River in Merritt Island, FL. Suite 6 offers 17,173 ft² with 9 offices and a large workshop area, suitable for automotive service operations; offered with no CAM fees.
• Perrone Village (1175 N Courtney Parkway) Commercial space for lease in Merritt Island, FL, part of the Perrone Properties portfolio along N Courtenay Parkway.

Quantifiable outcome

• No CAM fees eliminates unpredictable maintenance charges from tenant bills
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Regional players

• The St. Joe Company: A Florida-focused real estate developer with significant holdings in the Florida Panhandle. Comparable as a regionally concentrated commercial and mixed-use landowner operating primarily within Florida.
• Benderson Development: One of the largest privately held real estate developers in the U.S., based in Florida with a heavy concentration of retail and commercial properties throughout the Southeast. Comparable as a regional owner-operator of multi-tenant commercial plazas and a competitor for high-traffic Florida commercial tenants.

Broad incumbents

• Kimco Realty: One of the largest publicly traded retail REITs in North America, focused on open-air shopping centers. Comparable as a broad incumbent landlord competing for the same small-business retail tenant base across similar property formats.
• Realty Income: A major publicly traded net-lease REIT with a diversified portfolio of commercial properties leased to tenants under long-term agreements. Comparable in the sense of owning single-tenant and multi-tenant commercial real estate with predictable rental cash flows.
• Brixmor Property Group: A major publicly traded retail REIT owning and operating a national portfolio of open-air shopping centers. Comparable as a large-scale landlord of multi-tenant commercial retail properties targeting SMB retail and service tenants.
• Federal Realty Investment Trust: A long-established publicly traded REIT specializing in mixed-use and open-air shopping centers in high-barrier markets. Comparable as a higher-end operator of multi-tenant commercial properties with strong tenant relationships and recurring rental income.

Direct peers

• EastGroup Properties: A publicly traded REIT specializing in industrial properties in Sunbelt markets, including warehouse and distribution facilities. Comparable as an owner of warehouse/flex space serving SMB tenants in the Southeast U.S.
• Phillips Edison & Company: A publicly traded REIT focused on grocery-anchored and necessity-based neighborhood shopping centers. Comparable as an institutional owner-operator of multi-tenant commercial retail plazas serving small and mid-sized tenants with predictable recurring rent.
• Terreno Realty Corporation: A publicly traded REIT focused on industrial real estate in major U.S. coastal markets, including warehouse and flex-industrial properties. Comparable as an institutional owner of office/warehouse flex space targeting similar industrial and distribution tenants.

Emerging players

• Howard Hughes Holdings: A real estate development and management company operating master-planned communities and commercial properties, with growing Florida exposure. Comparable as a commercial property owner-developer pursuing long-term value creation through land and asset repositioning in growth markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/perroneproperties
• LinkedInlinkedin.com/company/perrone-properties
• Xx.com/perroneproperty

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perrone Properties