Drive-Through Warehouse
For Sale
$2,200,000
1900 S Atlantic Avenue, Cocoa Beach, FL 32931
COMMERCIAL - Cocoa Beach, FL
Property Size18,000 SF
Lot Size0.81 Acres
Price / SF$132.48
Days on Market174
Property Features for 1900 S Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Open, Off Street, Carport
Security features
Security System
Subdivision
Burchfiel and Bruners Addn To Crescent Beach Resu
Lot features
Corner Lot, Few Trees
Directions
From Cocoa Beach, head south on S. Atlantic Avenue to Francis St. Turn left, property is on the right side.
Standard status
Active
APN
25-37-26-25-0000i.0-0001.00
Size
16,606 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BURCHFIEL & BRUNERS ADDN TO CRESCENT BEACH, RESUBD OF LOTS 1 TO 6 EX HWY R/W BLK I
Tax Annual Amount
16141
Legal Description
BURCHFIEL & BRUNERS ADDN TO CRESCENT BEACH, RESUBD OF LOTS 1 TO 6 EX HWY R/W BLK I
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
large signs
drive-through bay doors
mezzanine
Building Details
Year built
1990
Floors in Building
2
Number of units
1
Flooring type
Carpet, Concrete
Building materials
Block, Brick, Concrete
Roof type
Membrane, Tar/Gravel
Listing Agency:
C. Apollo Realty Inc
(321) 784-9602
Listed By:
Pamela S King · License #3368988
(305) 393-2792
Added: Feb 19
Changed: Aug 12
Last Checked: Aug 12 at 2:06PM
MLS# 1069742
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use industrial warehouse offers 16,606 SF on a 0.81-acre parcel. The facility is built with block, brick, and concrete, and includes a welding/mechanic shop area plus a large mezzanine. Interior features include a concrete ceiling with bar joists, and the warehouse has drive-through bay doors measuring 20' x 20'.
The building is located directly across from the Atlantic Ocean and benefits from high visibility along the site. Signage is installed on both ends of the property, designed to capture steady local and tourist traffic.
Operational systems include central electric heating and central air cooling. The roof is membrane and tar/gravel, and the property connects to public water and public sewer. Parking is available via a combination of carport, open parking, a parking lot, and off-street parking.
The building is located directly across from the Atlantic Ocean and benefits from high visibility along the site. Signage is installed on both ends of the property, designed to capture steady local and tourist traffic.
Operational systems include central electric heating and central air cooling. The roof is membrane and tar/gravel, and the property connects to public water and public sewer. Parking is available via a combination of carport, open parking, a parking lot, and off-street parking.
Key Highlights
- Drive‑through warehouse with 20' x 20' bay doors
- Directly across from the Atlantic Ocean with high‑visibility frontage
- 0.81‑acre parcel with 16,606 SF mixed‑use industrial building
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
$191,451
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
8.70%
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%
$3,829,020
$3.8M
Cap Rate 7%
$2,735,014
$2.7M
Cap Rate 9%
$2,127,233
$2.1M
Market Conditions
NOI Build-Up for 16,606 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
$298.9K $18.00/SF
− Vacancy
−$25.4K −$1.53/SF
EGI
$273.5K $16.47/SF
− OpEx
−$82.1K −$4.94/SF
NOI
$191.5K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,829,020
Cap Rate 7%
$2,735,014
Cap Rate 9%
$2,127,233
Alternative Uses
Best Use
Retail
$2.74M
$2.39M – $3.19M
NOI $191,451 @ 7.0% cap · market cap 8.70%
Second Best
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,417 @ 7.0% cap · market cap 5.20%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 - BU-2 zoned mixed-use industrial warehouse directly across from the Atlantic Ocean with drive-through bay doors.
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: Drive‑through warehouse with 20' x 20' bay doors; Directly across from the Atlantic Ocean with high‑visibility frontage; 0.81‑acre parcel with 16,606 SF mixed‑use industrial building
