Renovated Retail
For Sale
Contact for pricing
223 Willard Street #7, Cocoa, FL 32922
Updated interiors support retail, professional office, showroom, and service uses under modified-gross lease terms.
Property Size5,333 SF
Price / SF$0.50
Days on Market46
Property Features for 223 Willard Street #7
General Information
Standard status
Active
Size
5,333 SF
Property subtype
Retail
Additional Details
Currently Operating
Yes
Building Details
Year Built
1902
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Sep 18
Changed: Oct 29
Last Checked: Oct 29 at 2:53PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 5,333-square-foot retail property dates to 1902 and has renovated building interiors and available units. The spaces are described as suitable for retail, professional office, showroom, and service-oriented uses. Lease terms are modified gross, and the landlord operates from one of the spaces in the property.
The property is in Cocoa Village, a downtown district with restaurants, shops, events, and entertainment. The address is 223 Willard Street in Cocoa, Florida.
The property is in Cocoa Village, a downtown district with restaurants, shops, events, and entertainment. The address is 223 Willard Street in Cocoa, Florida.
Key Highlights
- 5,333 square feet of retail space
- Building and available units have been renovated
- Modified‑gross lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,484
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,680
$1.2M
Cap Rate 7%
$878,343
$878.3K
Cap Rate 9%
$683,156
$683.2K
Market Conditions
NOI Build-Up for 5,333 SF
Gross rent
$96.0K $18.00/SF
− Vacancy
−$8.2K −$1.53/SF
EGI
$87.8K $16.47/SF
− OpEx
−$26.4K −$4.94/SF
NOI
$61.5K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,680
Cap Rate 7%
$878,343
Cap Rate 9%
$683,156
Alternative Uses
Best Use
Retail
$878.3K
$768.6K – $1.02M
NOI $61,484 @ 7.0% cap · market cap 2,294.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,490 @ 7.0% cap · market cap 3,675.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Updated interiors support retail, professional office, showroom, and service uses under modified-gross lease terms.
Where is this retail space located?
The property is located at 223 Willard Street #7 Cocoa, FL.
What are key features of this property?
This property features: 5,333 square feet of retail space; Building and available units have been renovated; Modified‑gross lease structure
