Freestanding Flex Space
For Sale
$1,250,000
395 Williams Point Boulevard, Cocoa, FL 32927
Single-story steel construction supports storage, service, and industrial operations.
Property Size6,073 SF
Days on Market55
Property Features for 395 Williams Point Boulevard
General Information
Standard status
Active
Size
6,073 SF
Building Details
Building Size
6,073 SF
Listing Agency:
APEX Capital Realty LLC
(305) 570-2600
Listed By:
Miguel Pinto · License #A11911692
(305) 570-2600
Source:
Laerrealty
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 1:00PM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This freestanding flex space property includes a single-story steel building measuring approximately 6,073 SF on an approximately 0.74-acre site. The durable construction and sizable parcel provide room for equipment storage, fleet parking, and outdoor industrial activities. The configuration is suited to owner-users, contractors, distribution operations, and service-oriented businesses.
Located at 395 Williams Point Boulevard in Cocoa, the property is positioned within an established industrial corridor serving Brevard County. Access to major roadways supports day-to-day logistics and business operations. The combination of building area and land offers practical flexibility for industrial and trade-related users, including businesses that require both enclosed space and outdoor operating capacity.
Located at 395 Williams Point Boulevard in Cocoa, the property is positioned within an established industrial corridor serving Brevard County. Access to major roadways supports day-to-day logistics and business operations. The combination of building area and land offers practical flexibility for industrial and trade-related users, including businesses that require both enclosed space and outdoor operating capacity.
Key Highlights
- ±6,073 SF freestanding steel industrial building
- ±0.74 acre site in Cocoa’s industrial corridor
- Single‑story layout for flex and industrial use
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
$62,007
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
4.96%
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%
$1,240,140
$1.2M
Cap Rate 7%
$885,814
$885.8K
Cap Rate 9%
$688,967
$689.0K
Market Conditions
NOI Build-Up for 6,073 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
$102.0K $16.80/SF
− Vacancy
−$6.6K −$1.09/SF
EGI
$95.4K $15.71/SF
− OpEx
−$33.4K −$5.50/SF
NOI
$62.0K $10.21/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,240,140
Cap Rate 7%
$885,814
Cap Rate 9%
$688,967
Alternative Uses
Best Use
Flex RnD
$885.8K
$775.1K – $1.03M
NOI $62,007 @ 7.0% cap · market cap 4.96%
Second Best
Warehouse
$597.8K
$523.1K – $697.4K
NOI $41,844 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,156 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32927, FL
27,996
Population
11,843
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,094
Density / Sq Mi
$81,969
Median Household Income
$40,703
Median Earnings
$1,344
Median Rent
$261,800
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?
Flex space - Single-story steel construction supports storage, service, and industrial operations.
Where is this flex space located?
The property is located at 395 Williams Point Boulevard Cocoa, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: ±6,073 SF freestanding steel industrial building; ±0.74 acre site in Cocoa’s industrial corridor; Single‑story layout for flex and industrial use
