400 S Burnett Rd, Cocoa, FL 32926

Building Details

Tenancy Single More

Listing Agency: Platinum Real Estate m***@contactplatinum.com Show Phone

Listed By: Brant Baylock Show Phone

Source: Exprealty

Added: Sep 20 Changed: Nov 5 Last Checked: Nov 8 at 6:34AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,250-square-foot freestanding retail property in Cocoa, Florida, is occupied by an established convenience-store tenant. The building includes roadside signage that supports on-site branding and visibility, while current lease provisions assign meaningful repair responsibilities to the tenant.

Located at 400 S Burnett Rd, the property offers an existing tenancy and documented lease structure for review during due diligence. Qualified buyers may receive lease documents, income information, and additional supporting property materials at the appropriate stage. Seller financing may also be considered, subject to acceptable terms and buyer qualification.

Key Highlights

• 1,250‑square‑foot freestanding retail building
• Established convenience‑store tenant in place
• Existing roadside signage for on‑site branding

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,650

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$333,000 $333.0K

Cap Rate 7%

$237,857 $237.9K

Cap Rate 9%

$185,000 $185.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$24.0K $19.20/SF

− Vacancy

−$1.8K −$1.44/SF

EGI

$22.2K $17.76/SF

− OpEx

−$5.6K −$4.44/SF

NOI

$16.7K $13.32/SF

Area

Brevard County, FL

Vacancy

7.50%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$333,000

Cap Rate 7%

$237,857

Cap Rate 9%

$185,000

Alternative Uses

Best Use

Specialty Retail

$237.9K

$208.1K – $277.5K (±1% cap)

NOI $16,650 @ 7.0% cap · market cap 6.19%

Second Best

Retail

$205.9K

$180.1K – $240.2K (±1% cap)

NOI $14,411 @ 7.0% cap · market cap 5.36%

Theoretical Best

Office A

$329.8K

$288.6K – $384.8K (±1% cap)

NOI $23,085 @ 7.0% cap · market cap 8.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Cocoa Meat & Produce Grocery & Convenience Store Cocoa West End ... Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Pharmacy Building Supply Grocery & Convenience Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

193

Businesses Nearby

6k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Raceway Shops & Services

5,184 visits/mo 0.5 miles

Public Storage Shops & Services

810 visits/mo 0.4 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Freestanding retail property with existing convenience-store tenancy and roadside signage.

Where is this grocery and convenience store located?

The property is located at 400 S Burnett Rd Cocoa, FL.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: 1,250‑square‑foot freestanding retail building; Established convenience‑store tenant in place; Existing roadside signage for on‑site branding