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Office Units with Freight Elevator
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166 Center Street #104, Cape Canaveral, FL 32920

Multiple office suites share access to a conference room, two elevators, and a loading dock.

Property Size4,656 SF
Price / SF$0.86
Days on Market565

Property Features for 166 Center Street #104

General Information

Standard status Active
Size 4,656 SF
Elevators Yes
Property subtype Office

Additional Details

Property Use Office

Amenities

loading dock
conference room

Building Details

Tenancy Multi
Listing Agency: Compass Florida, LLC
Listed By: Bobby Freeman · License #3076980
Source: Mccoyfreeman
Added: Apr 14, 2025 Changed: Oct 29 Last Checked: Oct 29 at 2:49PM

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 Compass Florida, LLC

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property contains multiple office suites and is equipped with both a standard elevator and a freight elevator. A loading dock supports shipping and receiving, while tenants can use a shared conference room.

The building is 2 miles from Port Canaveral and SR 528 to the north, and 1 mile from the Cocoa Beach Pier. Its office configuration is complemented by vertical transportation, dock access, and shared meeting space.

Key Highlights

  • Multiple office suites within the building
  • Standard elevator and freight elevator
  • Loading dock for shipping and receiving

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$63,359
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,180 $1.3M
Cap Rate 7%
$905,129 $905.1K
Cap Rate 9%
$703,989 $704.0K
Market Conditions
NOI Build-Up for 4,656 SF
Gross rent
$100.6K $21.60/SF
− Vacancy
−$16.1K −$3.46/SF
EGI
$84.5K $18.14/SF
− OpEx
−$21.1K −$4.54/SF
NOI
$63.4K $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 Rate 5%
$1,267,180
Cap Rate 7%
$905,129
Cap Rate 9%
$703,989

Alternative Uses

Best Use
Office B
$905.1K
$792.0K – $1.06M (±1% cap)
NOI $63,359 @ 7.0% cap · market cap 1,583.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M (±1% cap)
NOI $85,987 @ 7.0% cap · market cap 2,149.67%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Building Supply Dental Office Law Firm Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

621
Businesses Nearby

Demographics for 32920, FL

9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Multiple office suites share access to a conference room, two elevators, and a loading dock.
Where is this office unit located?
The property is located at 166 Center Street #104 Cape Canaveral, FL.
What are key features of this property?
This property features: Multiple office suites within the building; Standard elevator and freight elevator; Loading dock for shipping and receiving
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Includes: Price & PSF · Cap rate · Location · Zoning

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