Second-Floor Corner Office
For Sale
$90,000
208-102 Columbia Dr, Cape Canaveral, FL 32920
Second-floor corner office suite with multiple rooms, reception, and a full bathroom plus on-site parking.
Property Size470 SF
Price / SF$191.49
Days on Market79
Property Features for 208-102 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
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Space Coast
(818) 281-5032
Listed By:
Rick P Bond · License #SL3573661
(818) 281-5032
Source:
Exprealty
Added: Jun 12
Changed: Aug 20
Last Checked: Aug 28 at 3:21PM
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 offering is a second-floor corner office suite with approximately 470 SF of flexible indoor space. The unit includes a reception area, multiple rooms, and a full bathroom, providing a functional layout for professional operations. The suite is located within a building with active businesses, supporting a professional day-to-day setting.
The location is described as being on A1A in Cape Canaveral, with remarks noting exposure to traffic counts exceeding 29,000 vehicles daily. The property is positioned minutes from Port Canaveral and is stated to provide convenient access to I-95 and US-1, as well as Port Canaveral, Kennedy Space Center, Patrick Space Force Base, Orlando, and nearby beaches. Ample free parking is available on site.
The space is represented as well suited for a range of professional and service-based uses, including office and service-oriented practices such as legal, accounting, consulting, insurance, and personal care uses like esthetics or salon operation.
The location is described as being on A1A in Cape Canaveral, with remarks noting exposure to traffic counts exceeding 29,000 vehicles daily. The property is positioned minutes from Port Canaveral and is stated to provide convenient access to I-95 and US-1, as well as Port Canaveral, Kennedy Space Center, Patrick Space Force Base, Orlando, and nearby beaches. Ample free parking is available on site.
The space is represented as well suited for a range of professional and service-based uses, including office and service-oriented practices such as legal, accounting, consulting, insurance, and personal care uses like esthetics or salon operation.
Key Highlights
- Second‑floor corner office suite (~470 SF) with a flexible layout and multiple rooms
- Includes reception area and a full bathroom
- Office located on A1A with traffic counts exceeding 29,000 vehicles daily
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
Property Profile
Current Use
Lease Details
29,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
668
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 office suite with multiple rooms, reception, and a full bathroom plus on-site parking.
Where is this office units located?
The property is located at 208-102 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: Second‑floor corner office suite (~470 SF) with a flexible layout and multiple rooms; Includes reception area and a full bathroom; Office located on A1A with traffic counts exceeding 29,000 vehicles daily
