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Property profile & analytics
OFF-MARKET
Commercial real estate

King 12291231 St Cocoa, FL 32922

0.51 ac lot Built 1963
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1963
Lot 0.51 ac (22,216 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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