Versatile Warehouse Near Atlantic
For Sale
$2,200,000
1900 S ATLANTIC, Cocoa Beach, FL 32931
18,000 SF mixed-use industrial building across from the Atlantic Ocean.
Property Size16,606 SF
Lot Size0.81 Acres
Price / SF$122.22
Days on Market130
Property Features for 1900 S ATLANTIC
General Information
Standard status
Active
Size
16,606 SF
Lot size
0.81 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,348
Building Details
Building Size
16,606 SF
Year Built
1990
Listing Agency:
C. Apollo Realty Inc
(305) 393-2792
Listed By:
Pamela King · License #611940
(305) 393-2792
Source:
Elliman
Added: Apr 26
Changed: Aug 17
Last Checked: Sep 1 at 9:27PM
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 C. Apollo Realty Inc
Investment Insights
Based on property information with market context.
This strategically positioned 18,000 square foot mixed-use industrial building offers an excellent opportunity for businesses needing secure, functional storage space for equipment, machinery, or materials. Located directly across from the Atlantic Ocean in Cocoa Beach, Florida, the property is suitable for contractors, service companies, distributors, and owner-users seeking flexibility and efficiency. Situated on a 0.81-acre parcel, the property benefits from high visibility and features large signs on both ends, allowing businesses to advertise to local and tourist traffic. The BU-2 zoning provides options for various business types. The warehouse was constructed using high-end split face block and includes a welding/mechanic shop and a large mezzanine with an 8-inch pre-stressed slab. The warehouse has a concrete ceiling with bar joists and drive-through bay doors measuring 20 feet by 20 feet.
Key Highlights
- Rare 18,000± s/f mixed‑use industrial building directly across from the Atlantic Ocean in Cocoa Beach.
- High visibility location on 0.81 acres with large signs for advertising to local and tourist traffic.
- BU‑2 zoning provides endless business options.
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
$124,022
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
5.64%
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%
$2,480,440
$2.5M
Cap Rate 7%
$1,771,743
$1.8M
Cap Rate 9%
$1,378,022
$1.4M
Market Conditions
NOI Build-Up for 18,000 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
$151.2K $8.40/SF
− Vacancy
−$5.3K −$0.29/SF
EGI
$145.9K $8.11/SF
− OpEx
−$21.9K −$1.22/SF
NOI
$124.0K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$2,480,440
Cap Rate 7%
$1,771,743
Cap Rate 9%
$1,378,022
Alternative Uses
Best Use
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,022 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,424 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southern Self Storage — 14 S 20th St, Cocoa Beach, FL 32931
Frequently Asked Questions
What type of property is this?
Warehouse - 18,000 SF mixed-use industrial building across from the Atlantic Ocean.
Where is this warehouse located?
The property is located at 1900 S ATLANTIC Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Rare 18,000± s/f mixed‑use industrial building directly across from the Atlantic Ocean in Cocoa Beach.; High visibility location on 0.81 acres with large signs for advertising to local and tourist traffic.; BU‑2 zoning provides endless business options.
