Triple-Frontage Warehouse
For Sale
Contact for pricing
203 N Fiske Blvd, Cocoa, FL 32922
Triple-frontage warehouse with multiple access points located near SR-520 and US-1 on Florida’s Space Coast.
Property Size4,416 SF
Price / SF$159.42
Days on Market508
Property Features for 203 N Fiske Blvd
General Information
Standard status
Active
Size
4,416 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Palkiper Commercial Real Estate Services
(407) 227-1197
Listed By:
Rebecca Craddock · License #BK3118624
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Jul 28
Last Checked: Aug 8 at 1:42PM
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 Palkiper Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This triple-frontage warehouse property offers multiple access points, giving you flexibility for loading, circulation, and site operations. The asset is presented for sale and is located in Florida’s Space Coast region.
The property sits about 1/4 mile north of SR-520/King Street and less than a mile west of US-1. It also allows for convenient regional access, with a drive time of less than 10 minutes to I-95 and the Beachline Expressway (SR 528)/A1A intersection.
The surrounding area includes residential and wholesale commercial uses, supporting a practical mix of local activity while keeping the property connected to major roadway corridors.
The property sits about 1/4 mile north of SR-520/King Street and less than a mile west of US-1. It also allows for convenient regional access, with a drive time of less than 10 minutes to I-95 and the Beachline Expressway (SR 528)/A1A intersection.
The surrounding area includes residential and wholesale commercial uses, supporting a practical mix of local activity while keeping the property connected to major roadway corridors.
Key Highlights
- Triple‑frontage warehouse with multiple access points for convenient ingress and egress
- Located 1/4 mile north of SR‑520/King Street on Florida’s Space Coast
- Less than 1 mile west of US‑1
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
$30,427
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
4.32%
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%
$608,540
$608.5K
Cap Rate 7%
$434,671
$434.7K
Cap Rate 9%
$338,078
$338.1K
Market Conditions
NOI Build-Up for 4,416 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
$37.1K $8.40/SF
− Vacancy
−$1.3K −$0.29/SF
EGI
$35.8K $8.11/SF
− OpEx
−$5.4K −$1.22/SF
NOI
$30.4K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$608,540
Cap Rate 7%
$434,671
Cap Rate 9%
$338,078
Alternative Uses
Best Use
Warehouse
$434.7K
$380.3K – $507.1K
NOI $30,427 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MarineMax Cocoa — 1410 W King St, Cocoa, FL 32922
- Sullivan Moving Systems — 137 Hughlett Ave, Cocoa, FL 32922
- Cocoa Warehouse and Storage — 1520 Peachtree St, Cocoa, FL 32922
- All Portable Easy Storage — Virginia Ave, Cocoa, FL 32922
- Neighbor Vehicle Storage — 119 Clearlake Rd, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Warehouse - Triple-frontage warehouse with multiple access points located near SR-520 and US-1 on Florida’s Space Coast.
Where is this warehouse located?
The property is located at 203 N Fiske Blvd 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: Triple‑frontage warehouse with multiple access points for convenient ingress and egress; Located 1/4 mile north of SR‑520/King Street on Florida’s Space Coast; Less than 1 mile west of US‑1
