Three-Suite Office
For Sale
Contact for pricing
1980 N Atlantic Avenue N #912, Cocoa Beach, FL 32931
Three office suites occupy both sides of a shared hallway, with a private bathroom in one suite.
Property Size965 SF
Price / SF$1.55
Days on Market58
Property Features for 1980 N Atlantic Avenue N #912
General Information
Standard status
Active
Size
965 SF
Property subtype
Office
Additional Details
Office Units
3
Building Details
Year Built
1964
Listing Agency:
Veterans Realty Of Brevard
(321) 868-1833
Listed By:
Debra Ann Roth · License #206628
(321) 209-2409
Source:
Mccoyfreeman
Added: Sep 3
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Veterans Realty Of Brevard
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Investment Insights
Based on property information with market context.
Three office suites are located in The Cape Royal Building, with one suite on the west side of the hallway and two on the east. The west-side suite includes a private bathroom and river views; the two east-side suites overlook the ocean. The property contains 965 square feet and is in a building constructed in 1964.
Key Highlights
- Three office suites totaling 965 square feet
- One west‑side suite has a private bathroom and river views
- Two east‑side suites offer ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,132
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,640
$262.6K
Cap Rate 7%
$187,600
$187.6K
Cap Rate 9%
$145,911
$145.9K
Market Conditions
NOI Build-Up for 965 SF
Gross rent
$20.8K $21.60/SF
− Vacancy
−$3.3K −$3.46/SF
EGI
$17.5K $18.14/SF
− OpEx
−$4.4K −$4.54/SF
NOI
$13.1K $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%
$262,640
Cap Rate 7%
$187,600
Cap Rate 9%
$145,911
Alternative Uses
Best Use
Office B
$187.6K
$164.2K – $218.9K
NOI $13,132 @ 7.0% cap · market cap 875.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$254.6K
$222.8K – $297.0K
NOI $17,822 @ 7.0% cap · market cap 1,188.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Three office suites occupy both sides of a shared hallway, with a private bathroom in one suite.
Where is this office unit located?
The property is located at 1980 N Atlantic Avenue N #912 Cocoa Beach, FL.
What are key features of this property?
This property features: Three office suites totaling 965 square feet; One west‑side suite has a private bathroom and river views; Two east‑side suites offer ocean views
