Renovated Single-Tenant NNN
For Sale
$1,995,000
Pending
3700 N Hwy 1, Cocoa, FL 32926
Retail showroom and warehouse space features updated building systems and polished concrete flooring.
Property Size10,570 SF
Days on Market129
Property Features for 3700 N Hwy 1
General Information
Standard status
Pending
Size
10,570 SF
Total Parking Spaces
25
Property subtype
Commercial
Site & Location
Traffic Count
32,500 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Three-Phase Power
Yes
Building Details
Year Built
1983
Year Renovated
2024
Buildings
1
Building Size
10,570 SF
Tenancy
Single
Listing Agency:
The Ullian Realty Corporation
(321) 750-3439
Listed By:
Zachary Michael Ullian · License #3445627
Source:
Greaterorlandohomesforsale
Added: Apr 26
Changed: Aug 31
Last Checked: Aug 31 at 5:25PM
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 single-tenant NNN property at 3700 N Hwy 1 in Cocoa contains a 10,570 SF retail showroom and warehouse. The building was fully renovated in 2024 with 100% HVAC, LED lighting, and polished concrete floors. Clear heights range from 12' 6'' to 16' +/- and the facility includes one approximately 10' wide by 12' tall grade-level door.
The property is leased to Juniper Mountain Coffee under an initial term running from March 7, 2024, through March 6, 2029. The lease includes two 5-year renewal options and 10% base-rent escalations in years 6 and 11 if the tenant renews. Site infrastructure includes City Water, septic, piped underground natural gas, and 3-Phase FPL Electric. There are 25 asphalt paved, striped, and illuminated parking spaces, with estimated traffic of 32,500 VPD on US1.
The property is leased to Juniper Mountain Coffee under an initial term running from March 7, 2024, through March 6, 2029. The lease includes two 5-year renewal options and 10% base-rent escalations in years 6 and 11 if the tenant renews. Site infrastructure includes City Water, septic, piped underground natural gas, and 3-Phase FPL Electric. There are 25 asphalt paved, striped, and illuminated parking spaces, with estimated traffic of 32,500 VPD on US1.
Key Highlights
- 10,570 SF retail showroom and warehouse at 3700 N Hwy 1
- Fully renovated in 2024 with 100% HVAC, LED lighting, and polished concrete flooring
- NNN lease runs March 7, 2024 - March 6, 2029, with two 5‑year renewal options
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
$121,862
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
6.11%
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%
$2,437,240
$2.4M
Cap Rate 7%
$1,740,886
$1.7M
Cap Rate 9%
$1,354,022
$1.4M
Market Conditions
NOI Build-Up for 10,570 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
$190.3K $18.00/SF
− Vacancy
−$16.2K −$1.53/SF
EGI
$174.1K $16.47/SF
− OpEx
−$52.2K −$4.94/SF
NOI
$121.9K $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 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%
$2,437,240
Cap Rate 7%
$1,740,886
Cap Rate 9%
$1,354,022
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,862 @ 7.0% cap · market cap 6.11%
Second Best
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $107,922 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,207 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
32,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Retail showroom and warehouse space features updated building systems and polished concrete flooring.
Where is this nnn property located?
The property is located at 3700 N Hwy 1 Cocoa, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 10,570 SF retail showroom and warehouse at 3700 N Hwy 1; Fully renovated in 2024 with 100% HVAC, LED lighting, and polished concrete flooring; NNN lease runs March 7, 2024 - March 6, 2029, with two 5‑year renewal options
