Flex Building with Fenced
For Sale
Contact for pricing
3640 U.S 1, Cocoa, FL 32926
Versatile commercial facility with showroom, warehouse, offices, loading doors, and dedicated parking.
Property Size9,264 SF
Price / SF$193.76
Days on Market16
Property Features for 3640 U.S 1
General Information
Standard status
Active
Size
9,264 SF
Class
A
Total Parking Spaces
36
Property subtype
Retail, Industrial
Zoning
Brevard County Retail, Warehousing and Wholesale Commercial (BU-2)
Site & Location
Traffic Count
26,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
7,264 SF
Office Build-Out
400 SF
Drive-In Doors
3
Voltage
240 V
Three-Phase Power
No
Conditioned Warehouse
Yes
Amenities
Break Room
Building Details
Year Built
2018
Year Renovated
2022
Buildings
1
Units
1
Listing Agency:
The Ullian Realty Corporation
Listed By:
Zach Ullian
Source:
Crexi
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 11 at 7:30AM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This flex property combines an HVAC showroom with warehouse and shop space, including a mix of conditioned and unconditioned areas. Interior improvements include polished concrete floors, LED lighting, three offices, an open bullpen, break room, three restrooms, and an upstairs office. Clear height ranges from 18 feet 6 inches to approximately 20 feet. Loading is supported by two approximately 12-by-12-foot grade-level doors and one approximately 10-by-10-foot grade-level door.
The property includes a fenced yard, 36 concrete parking spaces, and 12 gravel parking spaces. It is served by City of Cocoa water, septic, and 1-phase 120/240v FPL electric. Zoning is Brevard County Retail, Warehousing and Wholesale Commercial (BU-2). The address is 3640 U.S. 1 in Cocoa, with an estimated traffic count of 26,000 VPD on US1. State Road 528 provides a connection toward Interstate 95, the beaches, Port Canaveral, Kennedy Space Center, and Orlando International Airport.
The property includes a fenced yard, 36 concrete parking spaces, and 12 gravel parking spaces. It is served by City of Cocoa water, septic, and 1-phase 120/240v FPL electric. Zoning is Brevard County Retail, Warehousing and Wholesale Commercial (BU-2). The address is 3640 U.S. 1 in Cocoa, with an estimated traffic count of 26,000 VPD on US1. State Road 528 provides a connection toward Interstate 95, the beaches, Port Canaveral, Kennedy Space Center, and Orlando International Airport.
Key Highlights
- 7,264 SF warehouse/shop area with approximately 2,000 SF HVAC showroom space
- Clear height ranges from 18' 6" to 20' +/-
- Two 12' x 12' +/- and one 10' x 10' +/- grade‑level doors
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
$126,065
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
7.02%
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%
$2,521,300
$2.5M
Cap Rate 7%
$1,800,929
$1.8M
Cap Rate 9%
$1,400,722
$1.4M
Market Conditions
NOI Build-Up for 9,264 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
$200.1K $21.60/SF
− Vacancy
−$32.0K −$3.46/SF
EGI
$168.1K $18.14/SF
− OpEx
−$42.0K −$4.54/SF
NOI
$126.1K $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%
$2,521,300
Cap Rate 7%
$1,800,929
Cap Rate 9%
$1,400,722
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,065 @ 7.0% cap · market cap 7.02%
Second Best
Retail
$1.53M
$1.34M – $1.78M
NOI $106,805 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,088 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
26,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32926, FL
22,693
Population
10,796
Households
2.1
Avg Household Size
49
Median Age
22%
College-Educated
88%
High-School Grad
49.3 sq mi
ZIP Area
460
Density / Sq Mi
$65,092
Median Household Income
$36,795
Median Earnings
$1,297
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with showroom, warehouse, offices, loading doors, and dedicated parking.
Where is this flex space located?
The property is located at 3640 U.S 1 Cocoa, FL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 7,264 SF warehouse/shop area with approximately 2,000 SF HVAC showroom space; Clear height ranges from 18' 6" to 20' +/-; Two 12' x 12' +/- and one 10' x 10' +/- grade‑level doors
