Storefront Building with
For Sale
$600,000
406 Florida Ave, Cocoa, FL 32922
A freestanding commercial building pairs a customizable interior with a fenced outdoor courtyard.
Property Size1,581 SF
Price / SF$379.51
Days on Market9
Property Features for 406 Florida Ave
General Information
Standard status
Active
Size
1,581 SF
Taxes and HOA fees
Annual Taxes
$8,137
Amenities
outdoor fenced courtyard
Building Details
Buildings
1
Listing Agency:
Kimco Real Estate
Listed By:
Kim Forbes Stewart · License #3011116
(321) 302-1312
Source:
Exprealty
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 5 at 11:31PM
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 Kimco Real Estate
Investment Insights
Based on property information with market context.
This 1,581-square-foot freestanding storefront has a clean interior ready for a buyer’s build-out. Property improvements include two-phase electric, fresh paint, stucco, gutters, awnings, and updated lighting; new exterior doors are planned. A fenced courtyard adds outdoor area to the property.
The building is at 406 Florida Ave in Cocoa, directly across from Cryderman's BBQ.
The building is at 406 Florida Ave in Cocoa, directly across from Cryderman's BBQ.
Key Highlights
- 1,581‑square‑foot freestanding storefront
- Fenced outdoor courtyard
- Two‑phase electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,227
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,540
$364.5K
Cap Rate 7%
$260,386
$260.4K
Cap Rate 9%
$202,522
$202.5K
Market Conditions
NOI Build-Up for 1,581 SF
Gross rent
$28.5K $18.00/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$26.0K $16.47/SF
− OpEx
−$7.8K −$4.94/SF
NOI
$18.2K $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 Rate 5%
$364,540
Cap Rate 7%
$260,386
Cap Rate 9%
$202,522
Alternative Uses
Best Use
Retail
$260.4K
$227.8K – $303.8K
NOI $18,227 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.1K
$365.0K – $486.6K
NOI $29,198 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 31%
Home Improvements & Furnishings 1%
Truist
Shops & Services
5,407 visits/mo
0.2 miles
Mobil
Shops & Services
5,378 visits/mo
0.5 miles
Chase Bank
Shops & Services
4,545 visits/mo
0.0 miles
Dunkin' Donuts
Dining
4,408 visits/mo
0.5 miles
El Charro
Dining
2,948 visits/mo
0.3 miles
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
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
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Similar Off Market Nearby
- Carousel Florist — 990 Rockledge Blvd, Rockledge, FL 32955
- A Basket Of Love Florist — 812 S Cocoa Blvd, Cocoa, FL 32922
- Patinaed & Co — 631 Brevard Ave AB, Cocoa, FL 32922
- Deluxe Flowers — 646 Brevard Ave, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Storefront property - A freestanding commercial building pairs a customizable interior with a fenced outdoor courtyard.
Where is this storefront property located?
The property is located at 406 Florida Ave Cocoa, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,581‑square‑foot freestanding storefront; Fenced outdoor courtyard; Two‑phase electric service
