Corner Office Suite with
For Sale
$90,000
201-102 Columbia Dr, Cape Canaveral, FL 32920
Second-floor corner suite with reception area, full bathroom, multiple rooms, and vinyl flooring.
Property Size470 SF
Price / SF$191.49
Days on Market124
Property Features for 201-102 Columbia Dr
General Information
Standard status
Active
Size
470 SF
Site & Location
Traffic Count
29,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$667
Listing Agency:
Keller Williams Space Coast
(321) 450-5600
Listed By:
Rick P Bond · License #SL3573661
(818) 281-5032
Source:
Exprealty
Added: May 16
Changed: Sep 15
Last Checked: Sep 15 at 12:50PM
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 Keller Williams Space Coast
Investment Insights
Based on property information with market context.
This second-floor corner office suite faces A1A and is designed for professional service use. The space includes a reception area, multiple rooms, and a full bathroom. Vinyl flooring and multiple windows help provide a clean, modern interior with natural light.
The unit’s corner orientation offers visibility on A1A, with traffic counts noted as exceeding 29,000 vehicles per day. The property also provides ample free parking and convenient access to I-95, US-1, Port Canaveral, Kennedy Space Center, Patrick Space Force Base, Orlando, and area beaches.
The suite is approximately 470 SF and is currently occupied by a long-term month-to-month tenant.
The unit’s corner orientation offers visibility on A1A, with traffic counts noted as exceeding 29,000 vehicles per day. The property also provides ample free parking and convenient access to I-95, US-1, Port Canaveral, Kennedy Space Center, Patrick Space Force Base, Orlando, and area beaches.
The suite is approximately 470 SF and is currently occupied by a long-term month-to-month tenant.
Key Highlights
- Approximately 470 SF second‑floor corner office suite facing A1A
- Reception area plus multiple rooms, including a full bathroom
- Vinyl flooring and multiple windows for natural light
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
$6,396
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
7.11%
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%
$127,920
$127.9K
Cap Rate 7%
$91,371
$91.4K
Cap Rate 9%
$71,067
$71.1K
Market Conditions
NOI Build-Up for 470 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
$10.2K $21.60/SF
− Vacancy
−$1.6K −$3.46/SF
EGI
$8.5K $18.14/SF
− OpEx
−$2.1K −$4.54/SF
NOI
$6.4K $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 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%
$127,920
Cap Rate 7%
$91,371
Cap Rate 9%
$71,067
Alternative Uses
Best Use
Office B
$91.4K
$80.0K – $106.6K
NOI $6,396 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$124.0K
$108.5K – $144.7K
NOI $8,680 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
29,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor corner suite with reception area, full bathroom, multiple rooms, and vinyl flooring.
Where is this office units located?
The property is located at 201-102 Columbia Dr Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Approximately 470 SF second‑floor corner office suite facing A1A; Reception area plus multiple rooms, including a full bathroom; Vinyl flooring and multiple windows for natural light
