1121 Peachtree Street, Cocoa, FL 32922

Building Details

Construction concrete block More

Listing Agency: 321 Realty, LLC

Listed By: Matthew Kerr · License FL #3571311 Show Phone

Source: Crexi

Added: Oct 16 Changed: Nov 8 Last Checked: Nov 8 at 5:15PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 321 Realty, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3,888-square-foot flex property occupies 0.54 acres and previously served as a Brinks armored truck facility. Improvements include concrete-block construction, bullet-resistant glass, and a 6-foot barbed-wire fence. A drive-through passage crosses the site, connecting two major roads.

The property is located in a HUB zone. A collection of assets is available for separate purchase or as a package.

Key Highlights

• 3,888 square feet on 0.54 acres
• 6‑foot barbed‑wire perimeter fence
• Concrete‑block construction with bullet‑resistant glass

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,073

Cap Rate

6.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$721,460 $721.5K

Cap Rate 7%

$515,329 $515.3K

Cap Rate 9%

$400,811 $400.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,888 SF

Gross rent

$60.7K $15.60/SF

− Vacancy

−$5.2K −$1.33/SF

EGI

$55.5K $14.27/SF

− OpEx

−$19.4K −$5.00/SF

NOI

$36.1K $9.28/SF

Area

Brevard County, FL

Vacancy

8.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$721,460

Cap Rate 7%

$515,329

Cap Rate 9%

$400,811

Alternative Uses

Best Use

Retail

$802.7K

$702.4K – $936.5K (±1% cap)

NOI $56,190 @ 7.0% cap · market cap 10.03%

Second Best

Flex RnD

$515.3K

$450.9K – $601.2K (±1% cap)

NOI $36,073 @ 7.0% cap · market cap 6.44%

Theoretical Best

Office A

$1.13M

$992.0K – $1.32M (±1% cap)

NOI $79,362 @ 7.0% cap · market cap 14.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

MGM Contracting, Inc. Roofing Company

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Law Firm Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

624

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 32922, FL

15,923

Population

8,667

Households

1.8

Avg Household Size

40

Median Age

19%

College-Educated

89%

High-School Grad

5.4 sq mi

ZIP Area

2,949

Density / Sq Mi

$46,138

Median Household Income

$35,125

Median Earnings

$1,057

Median Rent

$176,100

Median Home Value

Market

Average Price Trend$/SF for Flex space in Brevard County, FL

$253 Jul

$265 Aug

$224 Sep

$202 Oct

Properties on Market for Flex space in Brevard County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Concrete-block construction, bullet-resistant glazing, and perimeter fencing distinguish this flex property.

Where is this flex space located?

The property is located at 1121 Peachtree Street Cocoa, FL.

What is the asking price?

The asking price for this property is $560,000.

What are key features of this property?

This property features: 3,888 square feet on 0.54 acres; 6‑foot barbed‑wire perimeter fence; Concrete‑block construction with bullet‑resistant glass