Renovated Warehouse with Office
203 N Fiske Blvd, Cocoa, FL 32922
Recently renovated warehouse with office space and multiple access points.
Type:Industrial
Property size:
4,416 SFLot size:
0.59 AcresPrice / SF:
$159/SF- Added:
- Jul 26, 2024
- Days on Market:
- 675
- Last Refresh:
- May 12 at 9:19 pm
Property Features for 203 N Fiske Blvd
General Information
- Standard status
- Active
- Size
- 4,416 SF
- Lot size
- 0.59 Acres
- Property subtype
- Industrial
Listing agent Marie Shorey, CCIM License #BK3118624
Listing office Palkiper Commercial Real Estate Services
Listing date Jul 26, 2024
Source Crexi
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
HighLights
- Recently renovated in early 2024, including new roof, electric, plumbing, flooring, and paint.
- Triple frontage property with multiple access points on N Fiske Blvd, School St, and Grove Ave.
- ±4,416 SF warehouse with office space and 14’ clear height.
- Convenient location near SR‑520, US‑1, I‑95, and the Beachline Expressway (SR 528) / A1A intersection.
- Four grade‑level roll‑up doors (12’ x 12’)
- Seller financing available.
Overview
This triple frontage property is a ±4,416 SF warehouse with office space, offering multiple access points and a convenient location in Florida's Space Coast region. The property is situated on 0.59 AC total, featuring triple frontage and convenient access on N Fiske Blvd, School St, and Grove Ave. It is located 1/4 mile north of SR-520 / King Street and less than a mile west of US-1, and less than a 10-minute drive from I-95 and the Beachline Expressway (SR 528) / A1A intersection, providing easy access throughout the area. The surrounding area includes residential and wholesale commercial properties. The warehouse features a 14’ clear height and 4 grade-level roll-up doors. There are 2 bathrooms, including 1 ADA bathroom. The office space has room for 2-3 desks, or 2 desks and a break area, and a utility closet, with A/C only in the office. The property was recently renovated in early 2024 with 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. Improvements underway include a new sidewalk connecting the warehouse rear to the office bathroom, reducing foot traffic through the main office area.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 Uses
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
Office Units
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- Neighbor Vehicle Storage — 119 Clearlake Rd, 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?
Warehouse - Recently renovated warehouse with office space and multiple access points.
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: Recently renovated in early 2024, including **new roof, electric, plumbing, flooring, and paint**.; Triple frontage property with multiple access points on N Fiske Blvd, School St, and Grove Ave.; **±4,416 SF warehouse with office space** and 14’ clear height.
