Versatile Warehouse Near Atlantic
For Sale
$2,200,000
1900 S Atlantic Avenue, 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$132.48
Days on Market187
Property Features for 1900 S Atlantic Avenue
General Information
Standard status
Active
Size
16,606 SF
Lot size
0.81 Acres
Listing Agency:
C. Apollo Realty Inc
(321) 784-9602
Listed By:
Pamela S King · License #3368988
(305) 393-2792
Source:
Startbrevardsearch
Added: Apr 26
Changed: Oct 25
Last Checked: Oct 28 at 8:07AM
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
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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 / Yr
$114,417
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,288,340
$2.3M
Cap Rate 7%
$1,634,529
$1.6M
Cap Rate 9%
$1,271,300
$1.3M
Market Conditions
NOI Build-Up for 16,606 SF
Gross rent
$139.5K $8.40/SF
− Vacancy
−$4.9K −$0.29/SF
EGI
$134.6K $8.11/SF
− OpEx
−$20.2K −$1.22/SF
NOI
$114.4K $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 Rate 5%
$2,288,340
Cap Rate 7%
$1,634,529
Cap Rate 9%
$1,271,300
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,417 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,680 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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 Avenue 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.
