Office Unit With Ocean
1980 N Atlantic Avenue #513-15, Cocoa Beach, FL 32931
For Sale
$59,500
A two-room plan includes a separate entry area and shared restrooms on each floor.
Property Size371 SF
Price / SF$160.38
Days on Market26
Property Features for 1980 N Atlantic Avenue #513-15
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Security
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Double Eagle Realty, Inc
(321) 406-0513
Listed By:
Michael F McNamara · License #3009444
(321) 544-1188
Source:
Imperviousrealestate
Added: Oct 15
Changed: Oct 30
Last Checked: Nov 8 at 3:41AM
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 Double Eagle Realty, Inc
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.
This office condominium is arranged as two rooms with an entry area. Both offices have ocean views, and shared public restrooms are located in the hallway on each floor of the building.
The building has three elevators. Parking is available in lots at both the front and rear. The monthly HOA fee includes electric.
The building has three elevators. Parking is available in lots at both the front and rear. The monthly HOA fee includes electric.
Key Highlights
- Ocean views from both office rooms
- Two‑room layout with an entry area
- Three elevators in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,069
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,380
$101.4K
Cap Rate 7%
$72,414
$72.4K
Cap Rate 9%
$56,322
$56.3K
Market Conditions
NOI Build-Up for 371 SF
Gross rent
$7.3K $19.80/SF
− Vacancy
−$588 −$1.58/SF
EGI
$6.8K $18.22/SF
− OpEx
−$1.7K −$4.55/SF
NOI
$5.1K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,380
Cap Rate 7%
$72,414
Cap Rate 9%
$56,322
Alternative Uses
Best Use
Office B
$72.4K
$63.4K – $84.5K
NOI $5,069 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$108.2K
$94.7K – $126.2K
NOI $7,573 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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
$478,300
Median Home Value
Market
Average Price Trend$/SF for Office Units in Brevard County, FL
Properties on Market for Office Units in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A two-room plan includes a separate entry area and shared restrooms on each floor.
Where is this office unit located?
The property is located at 1980 N Atlantic Avenue #513-15 Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $59,500.
What are key features of this property?
This property features: Ocean views from both office rooms; Two‑room layout with an entry area; Three elevators in the building
