Renovated Retail
223 Willard Street #4, Cocoa, FL 32922
For Sale
Contact for pricing
Modified-gross lease terms support retail, professional office, showroom, or service-oriented occupancy.
Property Size5,333 SF
Price / SF$0.13
Days on Market56
Property Features for 223 Willard Street #4
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Blue Marlin Real Estate
(321) 877-2902
Listed By:
Michael Joseph DeVivo · License FL #3487562
(631) 402-4695
Source:
Mccoyfreeman
Added: Sep 18
Changed: Nov 11
Last Checked: Nov 12 at 10:00AM
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 Blue Marlin Real Estate
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Investment Insights
Based on property information with market context.
Renovations have refreshed the building and the available units for retail, professional office, showroom, and service-oriented uses. Lease terms are modified gross.
The property is at 223 Willard Street in Cocoa Village, near restaurants, shops, events, and entertainment in the downtown area.
The property is at 223 Willard Street in Cocoa Village, near restaurants, shops, events, and entertainment in the downtown area.
Key Highlights
- Renovations completed in both the building and available units
- Modified‑gross lease structure
- Cocoa Village setting near restaurants, shops, events, and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,074
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,480
$1.5M
Cap Rate 7%
$1,101,057
$1.1M
Cap Rate 9%
$856,378
$856.4K
Market Conditions
NOI Build-Up for 5,333 SF
Gross rent
$118.4K $22.20/SF
− Vacancy
−$8.3K −$1.55/SF
EGI
$110.1K $20.65/SF
− OpEx
−$33.0K −$6.19/SF
NOI
$77.1K $14.45/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,480
Cap Rate 7%
$1,101,057
Cap Rate 9%
$856,378
Alternative Uses
Best Use
Retail
$1.10M
$963.4K – $1.28M
NOI $77,074 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,857 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 34%
Home Improvements & Furnishings 1%
Truist
Shops & Services
5,407 visits/mo
0.1 miles
Mobil
Shops & Services
5,378 visits/mo
0.4 miles
Chase Bank
Shops & Services
4,545 visits/mo
0.2 miles
Dunkin' Donuts
Dining
4,408 visits/mo
0.4 miles
El Charro
Dining
2,948 visits/mo
0.4 miles
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
$176,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Brevard County, FL
Properties on Market for Retail space in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Modified-gross lease terms support retail, professional office, showroom, or service-oriented occupancy.
Where is this retail space located?
The property is located at 223 Willard Street #4 Cocoa, FL.
What are key features of this property?
This property features: Renovations completed in both the building and available units; Modified‑gross lease structure; Cocoa Village setting near restaurants, shops, events, and entertainment
