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    King 12291231 St Cocoa, FL 32922

    For Sale
    $489,900

    High-visibility, dual-building investment opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property in Cocoa, Florida, presents a unique investment opportunity encompassing three tax parcels (2424549, 2424542, and 2443422) totaling 0.51 acres. The property includes two buildings, offering flexibility for various uses. The rear building is currently under a five-year lease at $2,000 per month plus sales tax, providing immediate rental income. The front building is rented on a month-to-month basis, allowing for immediate occupancy by an owner-user or the negotiation of a new lease with the existing tenant. The property boasts a highly visible location, maximizing exposure for any business. A significant advantage is the inclusion of easement rights across parcel 2461749. The buildings' configuration presents a potential for redevelopment, with the possibility of creating four separate units, each featuring two bathrooms. This versatile property is ideal for investors seeking a strong return on investment or owner-occupants looking for a high-profile location. The asking price is $489,900. Serious inquiries are encouraged.

    Property Features for King 12291231 St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.73277
    Latitude
    28.35575

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, dual-building investment opportunity.
    Where is this commercial real estate located?
    The property is located at King 12291231 St Cocoa, FL.
    What is the asking price?
    The asking price for this property is $489,900.
    (321) 639-1111
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    King 12291231 St Cocoa, FL 32922
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    Cocoa, FL 32922
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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
    King 12291231 St Cocoa, FL 32922
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