Mixed-Use Retail and Office
For Sale
Contact for pricing
1122 Lake Drive, Cocoa, FL 32922
Two-building shopping center with eight retail and office units, on-site parking, and visibility along a major thoroughfare.
Property Size5,384 SF
Price / SF$125.37
Days on Market56
Property Features for 1122 Lake Drive
General Information
Standard status
Active
Size
5,384 SF
Property subtype
Mixed Use, Retail, Office
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Wisdom Capital Group
Listed By:
Robert Wisdom · License #BK3485707
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 5 at 10:09AM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
1122 Lake Drive is a mixed-use neighborhood shopping center that combines retail and professional office space in two buildings. The center includes eight units, labeled A through H, creating a mix of tenant types within a compact, manageable configuration.
The property is positioned along a major thoroughfare in Cocoa, Florida, with access designed for both customers and employees. On-site parking supports day-to-day visits, and the frontage provides visibility for the retail and office tenants operating from the center.
For buyers seeking a multi-unit commercial asset, this offering provides diversified income streams through the retail-and-office mix and an eight-unit layout. The property also lends itself to owners who want to manage a neighborhood-style center rather than a single-tenant building, with the flexibility of operating retail and office tenants under one roofline footprint. Please note that this is presented as an investment opportunity for purchase and is described as well-located for ongoing tenant activity, visibility, and convenient access.
The property is positioned along a major thoroughfare in Cocoa, Florida, with access designed for both customers and employees. On-site parking supports day-to-day visits, and the frontage provides visibility for the retail and office tenants operating from the center.
For buyers seeking a multi-unit commercial asset, this offering provides diversified income streams through the retail-and-office mix and an eight-unit layout. The property also lends itself to owners who want to manage a neighborhood-style center rather than a single-tenant building, with the flexibility of operating retail and office tenants under one roofline footprint. Please note that this is presented as an investment opportunity for purchase and is described as well-located for ongoing tenant activity, visibility, and convenient access.
Key Highlights
- Two‑building shopping center at 1122 Lake Drive with eight total units (A‑H)
- Mixed‑use setup with retail and professional office tenants providing multiple income streams
- Year built: 1960
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.9k | $18.00 |
| − Vacancy | −$8.2k | −$1.53 |
| EGI | $88.7k | $16.47 |
| − OpEx | −$26.6k | −$4.94 |
| NOI | $62.1k | $11.53 |
5,384 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.05M
$915.8K – $1.22M
NOI $73,265 @ 7.0% cap · market cap 10.85%
Second Best
Retail
$886.7K
$775.9K – $1.03M
NOI $62,072 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,432 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Balanced
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building shopping center with eight retail and office units, on-site parking, and visibility along a major thoroughfare.
Where is this shopping center located?
The property is located at 1122 Lake Drive Cocoa, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑building shopping center at 1122 Lake Drive with eight total units (A‑H); Mixed‑use setup with retail and professional office tenants providing multiple income streams; Year built: 1960
