Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    25 Acres in Cocoa, FL Title is generated by Realmo AI

    23 Aruin Street, Cocoa, FL 32927

    View on Map
    Claim this Listing
    For Sale
    $290,000

    25 acres of land in a well-developed area.

    Type:Land
    Lot size:
    25.00 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    234
    Last Refresh:
    Mar 13 at 1:13 pm

    Property Features for 23 Aruin Street

    General Information

    Standard status
    Active
    Lot size
    25.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Sean Seward, PA

    Listing agent Sean Seward, PA License #3278290

    Listing office KELLER WILLIAMS ISLAND LIFE REAL ESTATE

    Listing date Oct 13, 2025

    Source Compass

    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 ISLAND LIFE REAL ESTATE

    HighLights

    • 25 acres of land, perfect for development.
    • Prime location in a well‑developed area.
    • Utilities nearby for easy hookup.
    • Priced for quick sale, a great investment opportunity.
    • Opportunity for builders/investors: build, hold, or flip.
    • Easement possible from Aruin St for accessibility.

    Overview

    This property features 25 acres of land in a prime location within a well-developed area. Utilities are located nearby. According to county plats available on their website and attached to the listing, an easement can be granted from Aruin St for accessibility. Aruin St can be extended to reach the 25 acre track. This property may be suitable for builders or investors looking to develop, hold long-term, or flip.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.822961
    Latitude
    28.46967

    Nearby Similar for Sale

    • $325,000
      1,650 SF

      Cocoa Office Building For Sale

      Well-configured office building in central Cocoa location, great investment opportunity.
      111 N FISKE BOULEVARD, COCOA, FL 32922
      View Details
    • $1,000,000
      8,712 SF

      Versatile Commercial Property in Cocoa

      8,712 SF mixed-use property with high visibility and accessibility.
      202 N FISKE BOULEVARD, COCOA, FL 32922
      View Details
    • $319,900
      837 SF

      Turnkey Duplex in Cocoa, FL

      Income-producing duplex with two units, ideal for investors or flexible living.
      717 LUNAR LAKE CIRCLE, COCOA, FL 32926
      View Details
    • $160,000
      800 SF

      Versatile Commercial Condo in Cocoa

      800 SF commercial condo for light industrial or service operations.
      3860 Curtis Boulevard, Cocoa, FL 32927
      View Details
    • $550,000
      2,878 SF

      Versatile Office Building on US1

      Adaptable office space with high visibility and ample parking.
      4015 N Highway 1, Cocoa, FL 32927
      View Details
    • $254,000
      1,644 SF

      Cocoa Duplex with Buildable Lot

      Duplex with buildable lot near SR-520, I-95, and US-1.
      1417 Wilson Road, Cocoa, FL 32922
      View Details
    • $336,950
      1,697 SF

      Port St. John Land Opportunity

      5.83 acres with recreation hall and outdoor amenities.
      925 MACCO ROAD, COCOA, FL 32927
      View Details
    • $3,250,000
      2,200 SF

      Cocoa, FL Commercial Property

      Gas station business and property for sale in Cocoa.
      2009 N Cocoa Boulevard, Cocoa, FL 32922
      View Details
    • $424,900
      3,920 SF

      Mixed-Use Property with Lease Income

      Two-building mixed-use property with lease income and redevelopment potential.
      1229-1231 W King Street, Cocoa, FL 32922
      View Details
    • $325,000

      Cocoa Office Building For Sale

      Well-configured office building in central Cocoa location, suitable for professionals.
      111 N FISKE Blvd, Cocoa, FL 32922
      View Details
    • $500,000

      Industrial Land in Cocoa, Florida

      2.79 acres of industrial land for sale in Cocoa.
      399 BROADWAY BOULEVARD, COCOA, FL 32927
      View Details
    • $80,000
      1,200 SF

      Fully Equipped Diner Business

      Thriving breakfast and lunch concept with waterfront views, leased unit, and strong community reputation.
      722 WEST AVENUE, COCOA, FL 32927
      View Details

    FAQs

    What type of property is this?
    Land - 25 acres of land in a well-developed area.
    Where is this land located?
    The property is located at 23 Aruin Street Cocoa, FL.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: 25 acres of land, perfect for development.; Prime location in a well‑developed area.; Utilities nearby for easy hookup.
    (941) 525-8083
    We can help!
    Listing Contact
    Sean Seward, PA
    Real Estate License ID: 3278290
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23 Aruin Street, Cocoa, FL 32927
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!