Absolute NNN-Leased
For Sale
Contact for pricing
4130 Pine Tree Place, Cocoa, FL 32926
Absolute NNN warehouse with a 10-year tenant lease and rent escalation starting in year six.
Property Size7,181 SF
Price / SF$152.76
Days on Market76
Property Features for 4130 Pine Tree Place
General Information
Standard status
Active
Size
7,181 SF
Property subtype
Retail, Industrial
Zoning
C
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$96,000
Additional Details
Business Included
Yes
Building Details
Year Built
2019
Tenancy
Single
Listing Agency:
Commercial Investment Advisors (CIA) Scottsdale
Listed By:
Justin Zahn · License #SA545840000
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Aug 9 at 4:56AM
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 Commercial Investment Advisors (CIA) Scottsdale
Investment Insights
Based on property information with market context.
This for-sale warehouse property is leased to Vincent Fire Protection & Plumbing under a 10-year Absolute NNN structure. The lease includes a 9.375% rental escalation beginning in the sixth lease year. The tenant is a third-generation Central Florida company with over 50 years of experience providing fully compliant fire protection and commercial plumbing solutions, supported by expert service and 24/7 emergency support.
The property is located at 4130 Pine Tree Place in Cocoa, Florida. The surrounding market is described as a commercial and aerospace corridor, with the remarks noting demand for fire suppression and plumbing systems across industrial, retail, and hospital sectors. Retailers listed within roughly 5 miles include Sam’s Club, Walmart, Publix, Aldi, Save-A-Lot, Dollar General, Dollar Tree, Tractor Supply, GameStop, T-Mobile, Advance Auto Parts, O’Reilly Auto Parts, and Walgreens. The Cocoa campus of Eastern Florida State College is noted as about 4 miles away, and Cape Canaveral Hospital | Health First is noted as about 11.5 miles away.
For buyers seeking a dependable, single-tenant, absolute NNN profile, this offering combines a committed 10-year lease term with scheduled rent escalation in year six. The tenant’s business focuses on fire protection and commercial plumbing services, including support for 24/7 emergency needs, which may align well with operators serving industrial and healthcare-adjacent end markets.
The property is located at 4130 Pine Tree Place in Cocoa, Florida. The surrounding market is described as a commercial and aerospace corridor, with the remarks noting demand for fire suppression and plumbing systems across industrial, retail, and hospital sectors. Retailers listed within roughly 5 miles include Sam’s Club, Walmart, Publix, Aldi, Save-A-Lot, Dollar General, Dollar Tree, Tractor Supply, GameStop, T-Mobile, Advance Auto Parts, O’Reilly Auto Parts, and Walgreens. The Cocoa campus of Eastern Florida State College is noted as about 4 miles away, and Cape Canaveral Hospital | Health First is noted as about 11.5 miles away.
For buyers seeking a dependable, single-tenant, absolute NNN profile, this offering combines a committed 10-year lease term with scheduled rent escalation in year six. The tenant’s business focuses on fire protection and commercial plumbing services, including support for 24/7 emergency needs, which may align well with operators serving industrial and healthcare-adjacent end markets.
Key Highlights
- Year built 2019 warehouse with a 10‑year absolute NNN tenant lease.
- Rent includes a 9.375% rental escalation starting at the beginning of the 6th lease year.
- Tenant: Vincent Fire Protection & Plumbing, a 3rd‑generation Central Florida company with 50+ years of experience.
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
$49,478
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
4.51%
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%
$989,560
$989.6K
Cap Rate 7%
$706,829
$706.8K
Cap Rate 9%
$549,756
$549.8K
Market Conditions
NOI Build-Up for 7,181 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
$60.3K $8.40/SF
− Vacancy
−$2.1K −$0.29/SF
EGI
$58.2K $8.11/SF
− OpEx
−$8.7K −$1.22/SF
NOI
$49.5K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$989,560
Cap Rate 7%
$706,829
Cap Rate 9%
$549,756
Alternative Uses
Best Use
Warehouse
$706.8K
$618.5K – $824.6K
NOI $49,478 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$626.9K
$548.5K – $731.4K
NOI $43,883 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,619 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
59
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 - Absolute NNN warehouse with a 10-year tenant lease and rent escalation starting in year six.
Where is this nnn property located?
The property is located at 4130 Pine Tree Place Cocoa, FL.
What is the asking price?
The asking price for this property is $1,097,000.
What are key features of this property?
This property features: Year built 2019 warehouse with a 10‑year absolute NNN tenant lease.; Rent includes a 9.375% rental escalation starting at the beginning of the 6th lease year.; Tenant: Vincent Fire Protection & Plumbing, a 3rd‑generation Central Florida company with 50+ years of experience.
