Cape Canaveral Manufacturing and
For Sale
Contact for pricing
7077 N Atlantic Ave, Cape Canaveral, FL
42,980 SF manufacturing and office space on 1.84 acres.
Property Size42,980 SF
Lot Size1.84 Acres
Price / SF$124.48
Days on Market780
Property Features for 7077 N Atlantic Ave
General Information
Standard status
Active
Size
42,980 SF
Lot size
1.84 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 266-1150
Listed By:
Michael Moss II · License #3551933
(321) 266-1150
Source:
Moodyscre
Added: Jun 21, 2024
Changed: Jul 10
Last Checked: Aug 8 at 4:56AM
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 Lightle Beckner Robison, Inc.
Investment Insights
Based on property information with market context.
This property offers 42,980 square feet of manufacturing and office space in Cape Canaveral, Florida. Situated on 1.84 acres, the property includes a fenced yard and dock-high doors. A portion of the property is currently occupied by a single tenant on a month-to-month lease. The second portion of the property features manufacturing space and fully built-out office space. The remaining area consists of upstairs office and flex space. The property offers value-add potential for an investor.
Key Highlights
- Prime location in Cape Canaveral on Florida's Space Coast
- 42,980 sq ft of manufacturing and office space**
- Value‑add opportunity with potential for renovation and increased occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$438,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,776,680
$8.8M
Cap Rate 7%
$6,269,057
$6.3M
Cap Rate 9%
$4,875,933
$4.9M
Market Conditions
NOI Build-Up for 42,980 SF
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.
Gross rent
$722.1K $16.80/SF
− Vacancy
−$46.9K −$1.09/SF
EGI
$675.1K $15.71/SF
− OpEx
−$236.3K −$5.50/SF
NOI
$438.8K $10.21/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,776,680
Cap Rate 7%
$6,269,057
Cap Rate 9%
$4,875,933
Alternative Uses
Best Use
Office B
$8.36M
$7.31M – $9.75M
NOI $584,872 @ 7.0% cap · market cap 10.93%
Second Best
Flex RnD
$6.27M
$5.49M – $7.31M
NOI $438,834 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$11.34M
$9.92M – $13.23M
NOI $793,755 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 42,980 SF manufacturing and office space on 1.84 acres.
Where is this manufacturing property located?
The property is located at 7077 N Atlantic Ave Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: Prime location in Cape Canaveral on Florida's Space Coast; 42,980 sq ft of manufacturing and office space**; Value‑add opportunity with potential for renovation and increased occupancy
