Contiguous Office Condo
422-1980 N Atlantic Ave Cocoa Beach, FL 32931
422-1980 N Atlantic Ave, Cocoa Beach, FL, 32931
$400,000
For Sale
$400,000
Four contiguous office units total 1,188 square feet, with multiple offices, a conference room, and secure 24-hour access.
Property Size1,188 SF
Price / SF$336.70
Days on Market321
Property Features for 422-1980 N Atlantic Ave
General Information
- Standard status
- Active
- Size
- 1,188 SF
Listing Agency
NextHome Platinum
(321) 508-7932
Listed by
William Kehoe
(321) 508-7932
Source
Exprealty
Added: Aug 30, 2025 Checked: Jul 16 at 9:22 am
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 NextHome Platinum
Investment Insights
Based on property information with market context.
This offering consists of four contiguous office condo units in a 10-story commercial building. The space includes four individual offices, a bull pen, a server room, a copy/storage area with shelves, and a large conference room. The building provides fire protection via sprinklers, along with secure after-hours locking doors and 24-hour access through automatic front doors.
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.
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 |
1,188 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$230.9K
$202.1K – $269.4K
NOI $16,166 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.4K
$274.3K – $365.7K
NOI $21,940 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Four contiguous office units total 1,188 square feet, with multiple offices, a conference room, and secure 24-hour access.
Where is this office units located?
The property is located at 422-1980 N Atlantic Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 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
