Freestanding Convenience
New
For Sale
$269,000
400 S Burnett Rd, Cocoa, FL 32926
Freestanding retail property with existing convenience-store tenancy and roadside signage.
Property Size1,250 SF
Price / SF$215.20
Days on Market5
Property Features for 400 S Burnett Rd
General Information
Standard status
Active
Size
1,250 SF
Additional Details
Gross Income
$30,000
Pylon Signage
Yes
Taxes and HOA fees
Annual Taxes
$2,163
Amenities
freestanding roadside signage
Building Details
Tenancy
Single
Listing Agency:
Platinum Real Estate
(888) 974-7253
Listed By:
Brant Baylock
(321) 355-3799
Source:
Exprealty
Added: Sep 20
Changed: Sep 23
Last Checked: Sep 23 at 2:47AM
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 Platinum Real Estate
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.
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 = 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
$16,650
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
6.19%
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%
$333,000
$333.0K
Cap Rate 7%
$237,857
$237.9K
Cap Rate 9%
$185,000
$185.0K
Market Conditions
NOI Build-Up for 1,250 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
$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 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%
$333,000
Cap Rate 7%
$237,857
Cap Rate 9%
$185,000
Alternative Uses
Best Use
Specialty Retail
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$205.9K
$180.1K – $240.2K
NOI $14,411 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
