Courtyard Office
465 Minutemen Causeway 445, Cocoa Beach, FL 32931
For Sale
Contact for pricing
Corner office condominium within a courtyard-style setting shared by medical and professional businesses.
Property Size489 SF
Price / SF$2.45
Days on Market49
Property Features for 465 Minutemen Causeway 445
General Information
Standard status
Size
Listing Agency:
Coconut Properties Fl Real Est
(321) 613-5950
Listed By:
Stephen J Romano · License #414438
(321) 432-0342
Source:
Startbrevardsearch
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 8 at 5:32AM
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 Coconut Properties Fl Real Est
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Investment Insights
Based on property information with market context.
Suite 445 at 465 Minutemen Causeway is an office condominium arranged in a courtyard-style setting with neighboring medical and professional businesses. The corner position provides a defined presence within the shared commercial environment.
The property is situated in downtown Cocoa Beach near City Hall, dining, shopping, entertainment, and the beach. Downtown events include Friday Fests, Surfing Santas, Winter Fest, July 4th celebrations, and the Cocoa Beach Art Show.
The property is situated in downtown Cocoa Beach near City Hall, dining, shopping, entertainment, and the beach. Downtown events include Friday Fests, Surfing Santas, Winter Fest, July 4th celebrations, and the Cocoa Beach Art Show.
Key Highlights
- Office condominium in a courtyard‑style setting
- Corner position within a shared professional business environment
- Located at 465 Minutemen Causeway, Suite 445
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,654
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,080
$133.1K
Cap Rate 7%
$95,057
$95.1K
Cap Rate 9%
$73,933
$73.9K
Market Conditions
NOI Build-Up for 489 SF
Gross rent
$10.6K $21.60/SF
− Vacancy
−$1.7K −$3.46/SF
EGI
$8.9K $18.14/SF
− OpEx
−$2.2K −$4.54/SF
NOI
$6.7K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,080
Cap Rate 7%
$95,057
Cap Rate 9%
$73,933
Alternative Uses
Best Use
Office B
$95.1K
$83.2K – $110.9K
NOI $6,654 @ 7.0% cap · market cap 554.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$129.0K
$112.9K – $150.5K
NOI $9,031 @ 7.0% cap · market cap 752.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
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Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Brevard County, FL
Properties on Market for Office Units in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Corner office condominium within a courtyard-style setting shared by medical and professional businesses.
Where is this office unit located?
The property is located at 465 Minutemen Causeway 445 Cocoa Beach, FL.
What are key features of this property?
This property features: Office condominium in a courtyard‑style setting; Corner position within a shared professional business environment; Located at 465 Minutemen Causeway, Suite 445
