Zoned CBD Office
100 Delannoy Ave Cocoa, FL 32922
For Sale
Contact for pricing
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 Market772
Property Features for 100 Delannoy Ave
General Information
Standard status
Active
Size
15,234 SF
Property subtype
OFFICE
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed By:
Jeffery T. Robison CCIM · License #3113472
Source:
Moodyscre
Added: Jun 19, 2024
Changed: Jul 29
Last Checked: Jul 29 at 7:29AM
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 For Office B
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 | $329.1k | $21.60 |
| − Vacancy | −$52.6k | −$3.46 |
| EGI | $276.4k | $18.14 |
| − OpEx | −$69.1k | −$4.54 |
| NOI | $207.3k | $13.61 |
15,234 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
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
Location Intelligence
Current Use
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)
