Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    University Ln Cocoa, FL 32922

    Sponsored
    For Sale
    $250,000

    LAND - Cocoa, FL

    Lot size:
    0.72 Acres
    Days on Market:
    328
    Last Refresh:
    Feb 13 at 3:06 pm

    Property Features for University Ln

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    24-36-20-00-00299.0-0000.00
    Lot size
    0.72 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Margarett Klein
    Margarett Klein

    EXP REALTY LLC (888) 883-8509

    Listing agent Margarett Klein (888) 883-8509

    Listing date Mar 23, 2025

    MLS# 863770 Listing URL

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land Near University

    This 0.72-acre vacant commercial land is zoned CN Neighborhood Commercial, making it suitable for office or retail use. The property is located adjacent to a condo complex, one block from Florida East Coast University, and a quarter mile from a Wal-Mart super-center. It is situated in Cocoa, Florida, and is located within an SBA HUBzone, presenting a potential investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.751864
    Latitude
    28.388095

    Nearby Similar for Sale

    • $899,999
      2,025 SF

      Restored 1890s Riverfront Residence

      Updated antique riverfront home with guest cottage and dock.
      3945 N Indian River Dr, Cocoa, FL 32926
      View Details
    • $775,000
      2,358 SF

      Cocoa Income Property For Sale

      Four-unit income property near Cocoa Village, ideal for investors.
      222 Rosa L Jones Dr, Cocoa, FL 32922
      View Details
    • $289,000
      1,644 SF

      Cocoa Duplex Below Appraised Value

      Duplex in Cocoa, FL, priced below appraised value.
      1417 Wilson Rd, Cocoa, FL 32922
      View Details
    • $599,900
      1,275 SF

      High-Visibility Commercial Property in Cocoa

      Prime Cocoa location with flexible workspace and unique Tiki Hut.
      340 King St, Cocoa, FL 32922
      View Details
    • $249,000
      0.23 Acres

      Established Marine Business Opportunity

      Thriving marine business with strong client base and growth potential.
      229 Forrest Ave, Cocoa, FL 32922
      View Details
    • $1,425,000
      5,450 SF

      Cocoa Multifamily Apartment Complex

      12-unit apartment complex near Cocoa Village and Indian River.
      150 Peachtree St, Cocoa, FL 32922
      View Details
    • $45,000

      Established Lawn Service Business

      Lawn service business serving 50 residential properties in Brevard County.
      0000 No Name, Cocoa, FL 32927
      View Details
    • $424,900
      3,920 SF

      Commercial Property in Cocoa, Florida

      Two-building commercial property with lease income and redevelopment potential.
      1229-1231 W King St, Cocoa, FL 32922
      View Details
    • $595,000
      7,458 SF

      Cocoa, FL Commercial Fixer-Upper

      Commercial fixer-upper near future Brightline station with high traffic.
      2610 N Cocoa Blvd, Cocoa, FL 32922
      View Details
    • $1,150,000
      3,978 SF

      Cocoa Village Commercial Office Space

      Commercial office space in the heart of Cocoa Village.
      625 629, Cocoa, FL 32922
      View Details
    • Contact for pricing
      24,000 SF

      Versatile Flex Property on US-1

      24,000 SF flex space with retail and warehouse potential.
      3650 Highway 1 N, Cocoa, FL 32926
      View Details
    • Contact for pricing
      13,504 SF

      Historic Cocoa Village Landmark Residence

      Landmark residence in Cocoa Village, meticulously restored with modern upgrades.
      536 Delannoy Ave, Cocoa, FL 32922
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial land suitable for office or retail development.
    Where is this commercial land located?
    The property is located at University Ln Cocoa, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Vacant commercial land zoned CN Neighborhood Commercial, ideal for office or retail.; - Located in an SBA HUBzone.; - Adjacent to a condo complex.
    (321) 480-7662
    Request Owner's contact information
    University Ln Cocoa, FL 32922
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    University Ln
    Cocoa, FL 32922
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    University Ln Cocoa, FL 32922
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Margarett Klein
    Margarett Klein
    Real Estate License ID: 3373277
    (321) 480-7662 (888) 883-8509
    Learn more
    Google sign-in failed. Please try again or use another login method.