422-1980 N Atlantic Ave Cocoa Beach, FL 32931
Four contiguous office units total 1,188 square feet, with multiple offices, a conference room, and secure 24-hour access.
Property Features for 422-1980 N Atlantic Ave
General Information
- Standard status
- Active
- Size
- 1,188 SF
Listing office NextHome Platinum (321) 508-7932
Listing date Aug 30, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
The building features plenty of parking in both the front and rear, and there are three elevators for access. Digital and pylon signage is available through the Association. The property also benefits from brand new impact windows and exterior paint. Public restrooms are available on floors 2 through 10.
FedEx and UPS provide onsite lobby pickup, and the remarks indicate a diverse tenant mix with most commercially zoned businesses allowed. The owner is a licensed real estate broker.
Key Highlights
- Four contiguous office units totaling 1,188 SF in a 10‑story commercial condo office building
- Suite features 4 individual offices plus a bull pen, server room, copy/storage area with shelves, and a large conference room
- 24‑hour building access with automatic front doors and secure after‑hours locking doors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $21.60 |
| − Vacancy | −$4.1k | −$3.46 |
| EGI | $21.6k | $18.14 |
| − OpEx | −$5.4k | −$4.54 |
| NOI | $16.2k | $13.61 |
