Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cocoa, FL Land For Sale Title is generated by Realmo AI

    4550 Highway 524, Cocoa, FL 32926

    View on Map
    Claim this Listing
    For Sale
    $289,500

    LAND - Cocoa, FL

    Lot size:
    2.56 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    105
    Last Refresh:
    May 18 at 1:06 am

    Property Features for 4550 Highway 524

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-35-23-00-00760.0-0000.00
    Lot size
    2.56 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART OF W 1/4 OF NE 1/4 OF SE 1/4 LYING N OF ST RD 524 AS DESC IN ORB 2224 PG 2665 EXC E 60 FT
    Tax Annual Amount
    1462

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Paul W Hayhurst
    Paul W Hayhurst

    Listing agent Paul W Hayhurst License #471796

    Listing office RE/MAX Aerospace Realty 7925 N Wickham Rd. #B, Rockledge, FL

    Listing date Feb 2, 2026

    MLS# 1068226 Listing URL

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2. 56 Acres Zoned Rural Residential (RR‑1)
    • Convenient location: I‑95 is just a mile away
    • Permitted uses include Bed and Breakfast Inn, Farm Animals & Fowl, Guesthouses, Barn & Workshop
    • Potential for future development and long‑term investment
    • Allows for temporary living quarters during construction
    • Utilities: Cable Available, Public Water Source

    Overview

    This 2.56-acre parcel is zoned Rural Residential (RR-1) and is located in Brevard County, bordering the city of Cocoa. The property is situated approximately one mile from I-95. Permitted uses under the RR-1 zoning include single-family residential development, bed and breakfast inns, farm animals and fowl, guesthouses, barns, and workshops. Temporary living quarters are also allowed during the construction of a residence. The location is anticipated to be in the path of future development, potentially making it a long-term investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.795148
    Latitude
    28.380949

    Nearby Similar for Sale

    • $325,000
      1,650 SF

      Cocoa Office Building For Sale

      Well-configured office building in central Cocoa location, great investment opportunity.
      111 N FISKE BOULEVARD, COCOA, FL 32922
      View Details
    • $1,000,000
      8,712 SF

      Versatile Commercial Property in Cocoa

      8,712 SF mixed-use property with high visibility and accessibility.
      202 N FISKE BOULEVARD, COCOA, FL 32922
      View Details
    • $319,900
      837 SF

      Turnkey Duplex in Cocoa, FL

      Income-producing duplex with two units, ideal for investors or flexible living.
      717 LUNAR LAKE CIRCLE, COCOA, FL 32926
      View Details
    • $2,700,000
      4,800 SF

      Versatile Commercial Property in Cocoa

      9-acre commercial property with warehouse near Cocoa Beach.
      137 Clearlake Road, Cocoa, FL 32922
      View Details
    • $160,000
      800 SF

      Versatile Commercial Condo in Cocoa

      800 SF commercial condo for light industrial or service operations.
      3860 Curtis Boulevard, Cocoa, FL 32927
      View Details
    • $254,000
      1,644 SF

      Versatile Duplex with Buildable Lot

      Duplex with buildable lot, ideal for owner-occupant or investor.
      1417 Wilson Road, Cocoa, FL 32922
      View Details
    • $336,950
      1,697 SF

      Port St. John Land Opportunity

      5.83 acres with recreation hall and outdoor amenities.
      925 MACCO ROAD, COCOA, FL 32927
      View Details
    • $3,250,000
      2,200 SF

      Cocoa, FL Commercial Property

      Gas station business and property for sale in Cocoa.
      2009 N Cocoa Boulevard, Cocoa, FL 32922
      View Details
    • $749,900

      Waterfront Lot with Renovation Potential

      Direct Indian River lot with pool awaiting renovation to build dream home.
      2514 N Indian River Drive, Cocoa, FL 32922
      View Details
    • $424,900
      3,920 SF

      Mixed-Use Property with Lease Income

      Two-building mixed-use property with lease income and redevelopment potential.
      1229-1231 W King Street, Cocoa, FL 32922
      View Details
    • $325,000

      Cocoa Office Building For Sale

      Well-configured office building in central Cocoa location, suitable for professionals.
      111 N FISKE Blvd, Cocoa, FL 32922
      View Details
    • $35,000

      Recreational Land Near St Johns

      1.04 acre recreational land near Canaveral Groves, Cocoa, Florida.
      Breckinridge Avenue, Cocoa, FL 32926
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.56 acres zoned for residential use near I-95.
    Where is this residential land & home lot located?
    The property is located at 4550 Highway 524 Cocoa, FL.
    What is the asking price?
    The asking price for this property is $289,500.
    What are key features of this property?
    This property features: 2. 56 Acres Zoned Rural Residential (RR‑1); Convenient location: I‑95 is just a mile away; Permitted uses include Bed and Breakfast Inn, Farm Animals & Fowl, Guesthouses, Barn & Workshop
    (321) 432-5018
    We can help!
    Listing Contact
    Paul W Hayhurst
    Paul W Hayhurst
    Real Estate License ID: 471796
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4550 Highway 524, Cocoa, FL 32926
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!