Renovated Warehouse with Office
203 N Fiske Boulevard, Cocoa, FL 32922
4,416 SF renovated warehouse with office space for sale.
Type:IND
Property size:
4,416 SFLot size:
0.59 AcresPrice / SF:
$159/SF- Added:
- Aug 1, 2024
- Days on Market:
- 662
- Last Refresh:
- Apr 3 at 4:54 am
Property Features for 203 N Fiske Boulevard
General Information
- Standard status
- Active
- Size
- 4,416 SF
- Lot size
- 0.59 Acres
- Property subtype
- IND
Listing agent M. Boyle (407) 383-8142
Listing office (407) 383-8142
Listing date Aug 1, 2024
Source Realnex
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 M. Boyle
HighLights
- Convenient location in Florida's Space Coast with easy access to SR‑520, US‑1, I‑95, and the Beachline Expressway (SR 528) / A1A.
- Recently renovated in early 2024, including new roof, electric, plumbing, flooring, paint, and parking lot.
- ±4,416 SF warehouse with office space.
- Triple frontage property on 0.59 AC with multiple access points.
- Warehouse features 14’ clear height and 4 grade‑level roll‑up doors (12’ x 12’).
- Seller financing available.
Overview
This triple frontage property is located in Florida's Space Coast region, offering multiple access points. It is situated approximately 1/4 mile north of SR-520 / King Street and less than a mile west of US-1, providing a convenient location. The property is less than a 10-minute drive from I-95 and the Beachline Expressway (SR 528) / A1A intersection, facilitating easy access throughout the area. The surrounding area includes residential and wholesale commercial properties. The property features a ±4,416 SF warehouse with office space, recently renovated in early 2024. The total area is 0.59 AC, featuring triple frontage and convenient access on N Fiske Blvd, School St, and Grove Ave. The warehouse has a 14’ clear height and includes 4 grade-level roll-up doors. There are 2 bathrooms, including 1 ADA bathroom. The office space can accommodate 2-3 desks, or 2 desks and a break area, and includes a utility closet. The office space is air-conditioned. Renovations include new and upgraded electric and lighting, new plumbing, a new roof, new grade-level roll-up doors (12’ x 12’), new flooring in the office space, new interior and exterior paint, and a freshly paved and re-striped parking lot. A new sidewalk connecting the warehouse rear to the office bathroom is under construction, reducing foot traffic through the main office area.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$667.7K
NOI $60,093 @ 9.00% cap · cautious / downside scenario
Moderate
$858.5K
NOI $60,093 @ 7.00% cap · market / base-case scenario
Aggressive
$1.20M
NOI $60,093 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.4k | $21.60 |
| − Vacancy | −$15.3k | −$3.46 |
| EGI | $80.1k | $18.14 |
| − OpEx | −$20.0k | −$4.54 |
| NOI | $60.1k | $13.61 |
4,416 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$858.5K
$751.2K – $1.00M
NOI $60,093 @ 7.0% cap · market cap 8.54%
Second Best
Flex RnD
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,555 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- WilmaWishezEateryLLc. — 115 Polaris St, Cocoa, FL 32922
Location Insight
- Map
- Local Demand
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Longitude
- -80.7428306
- Latitude
- 28.3595958
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 4,416 SF renovated warehouse with office space for sale.
Where is this flex space located?
The property is located at 203 N Fiske Boulevard Cocoa, FL.
What is the asking price?
The asking price for this property is $704,000.
What are key features of this property?
This property features: Convenient location in Florida's Space Coast with easy access to SR‑520, US‑1, I‑95, and the Beachline Expressway (SR 528) / A1A.; **Recently renovated in early 2024, including new roof, electric, plumbing, flooring, paint, and parking lot.**; ±4,416 SF warehouse with office space.
