Zoned CBD Office
For Sale
Contact for pricing
100 Delannoy Ave, Cocoa, FL 32922
For sale office property in Cocoa with CBD zoning and a negotiable deed restriction against future gas uses.
Property Size15,234 SF
Price / SF$229.75
Days on Market817
Property Features for 100 Delannoy Ave
General Information
Standard status
Active
Size
15,234 SF
Property subtype
OFFICE
Zoning
CBD
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed By:
Jeffery T. Robison CCIM · License ##BK3113472
(321) 508-9462
Source:
Moodyscre
Added: Jun 19, 2024
Changed: Sep 8
Last Checked: Sep 13 at 9:51AM
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 for-sale office property at 100 Delannoy Ave in Cocoa, FL is zoned CBD, offering flexibility for a range of commercial uses. The offering is presented as an office investment opportunity, with the seller also noting a planned deed restriction against future gas uses that is described as negotiable.
Located in the Cocoa village area, the property is positioned for visibility and accessibility for both tenants and clients. The seller characterizes the site as having strategic placement within Cocoa, supporting its use as an office building investment.
Prospective buyers should review the planned deed restriction regarding future gas uses during due diligence, as it is indicated to be negotiable.
Located in the Cocoa village area, the property is positioned for visibility and accessibility for both tenants and clients. The seller characterizes the site as having strategic placement within Cocoa, supporting its use as an office building investment.
Prospective buyers should review the planned deed restriction regarding future gas uses during due diligence, as it is indicated to be negotiable.
Key Highlights
- Office property for sale in Cocoa, FL
- CBD zoning allows a range of commercial uses
- Seller will impose a deed restriction against future gas uses (negotiable)
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
$207,304
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
5.92%
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%
$4,146,080
$4.1M
Cap Rate 7%
$2,961,486
$3.0M
Cap Rate 9%
$2,303,378
$2.3M
Market Conditions
NOI Build-Up for 15,234 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
$329.1K $21.60/SF
− Vacancy
−$52.6K −$3.46/SF
EGI
$276.4K $18.14/SF
− OpEx
−$69.1K −$4.54/SF
NOI
$207.3K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,146,080
Cap Rate 7%
$2,961,486
Cap Rate 9%
$2,303,378
Alternative Uses
Best Use
Office B
$2.96M
$2.59M – $3.46M
NOI $207,304 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,342 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - For sale office property in Cocoa with CBD zoning and a negotiable deed restriction against future gas uses.
Where is this office building located?
The property is located at 100 Delannoy Ave Cocoa, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Office property for sale in Cocoa, FL; CBD zoning allows a range of commercial uses; Seller will impose a deed restriction against future gas uses (negotiable)
