Restaurant Building on Major
For Sale
$2,700,000
1552 W King Street COCOA, Cocoa, FL 32926
Restaurant building for sale near residential, with access to a major thoroughfare and proximity to I-95.
Property Size7,286 SF
Price / SF$475.27
Days on Market33
Property Features for 1552 W King Street COCOA
General Information
Standard status
Active
Size
7,286 SF
Zoning
BU-1
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,769
Amenities
Tile
true
Public Records
Other,Oversized Lot,Street Lights
Public
36708
1.37
false
19 to 30 Spaces,Ground Level,Lighted
Paved,Asphalt
Slab
Street Lights,Street Paved,State Road
7286
1
Public Maintained Road
Building Details
Building Size
7,286 SF
Year Built
1980
Buildings
1
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Morgan Horsley · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 8 at 3:34AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
This restaurant building is offered for sale and supports a conventional restaurant use. The property totals approximately 5,681 square feet, providing a dedicated building format for a food service operator or an investor seeking a restaurant asset.
The site is located on a major thoroughfare and is near residential, offering visibility from a primary roadway. It is also a short distance from I-95, which can support convenient access for customers traveling to and from the area.
For tenants, this configuration can fit an operator looking for a standalone restaurant building in a residential-adjacent setting along a heavily traveled corridor. For buyers, the asset provides an opportunity to acquire an income-oriented restaurant property in a location tied to day-to-day local demand, with straightforward regional access via I-95.
The site is located on a major thoroughfare and is near residential, offering visibility from a primary roadway. It is also a short distance from I-95, which can support convenient access for customers traveling to and from the area.
For tenants, this configuration can fit an operator looking for a standalone restaurant building in a residential-adjacent setting along a heavily traveled corridor. For buyers, the asset provides an opportunity to acquire an income-oriented restaurant property in a location tied to day-to-day local demand, with straightforward regional access via I-95.
Key Highlights
- Single restaurant building for sale with total building area of 7,286
- 1.37‑acre oversized lot with public‑maintained paved road frontage and street lights
- Lot size: 36,708 SF; foundation type: slab; year built: 1980
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
$75,671
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
2.80%
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%
$1,513,420
$1.5M
Cap Rate 7%
$1,081,014
$1.1M
Cap Rate 9%
$840,789
$840.8K
Market Conditions
NOI Build-Up for 5,681 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
$109.1K $19.20/SF
− Vacancy
−$8.2K −$1.44/SF
EGI
$100.9K $17.76/SF
− OpEx
−$25.2K −$4.44/SF
NOI
$75.7K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /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%
$1,513,420
Cap Rate 7%
$1,081,014
Cap Rate 9%
$840,789
Alternative Uses
Best Use
Specialty Retail
$1.08M
$945.9K – $1.26M
NOI $75,671 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,917 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
35,829 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
13,488 visits/mo
0.3 miles
Dollar General
Shops & Services
5,436 visits/mo
0.5 miles
Chevron
Shops & Services
3,805 visits/mo
0.4 miles
Mobil
Shops & Services
2,635 visits/mo
0.3 miles
Demographics for 32926, FL
22,693
Population
10,796
Households
2.1
Avg Household Size
49
Median Age
22%
College-Educated
88%
High-School Grad
49.3 sq mi
ZIP Area
460
Density / Sq Mi
$65,092
Median Household Income
$36,795
Median Earnings
$1,297
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building for sale near residential, with access to a major thoroughfare and proximity to I-95.
Where is this conventional restaurant located?
The property is located at 1552 W King Street COCOA Cocoa, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Single restaurant building for sale with total building area of 7,286; 1.37‑acre oversized lot with public‑maintained paved road frontage and street lights; Lot size: 36,708 SF; foundation type: slab; year built: 1980
