Office Unit with Ocean
513-15-1980 N Atlantic Avenue, Cocoa Beach, FL 32931
For Sale
$59,500
The two-room layout includes an entry area, with shared restrooms on each floor.
Property Size371 SF
Price / SF$160.38
Days on Market26
Property Features for 513-15-1980 N Atlantic Avenue
General Information
Standard status
Size
Elevators
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
public bathrooms on each floor hall way
great view of the Ocean
Listing Agency:
Double Eagle Realty, Inc
(321) 406-0513
Listed By:
Michael F McNamara · License #3009444
(321) 544-1188
Source:
Exprealty
Added: Oct 15
Changed: Nov 4
Last Checked: Nov 8 at 9:44AM
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 Double Eagle Realty, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Updated office unit comprising 371 square feet, with two rooms and a separate entry area. Both office rooms have ocean views. The building has three elevators and shared public restrooms in the floor corridors.
Parking is available in front and rear lots. The monthly HOA fee includes electricity.
Parking is available in front and rear lots. The monthly HOA fee includes electricity.
Key Highlights
- 371‑square‑foot office unit with two rooms and an entry area
- Ocean views from both office rooms
- Building has three elevators and public restrooms on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,049
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,980
$101.0K
Cap Rate 7%
$72,129
$72.1K
Cap Rate 9%
$56,100
$56.1K
Market Conditions
NOI Build-Up for 371 SF
Gross rent
$8.0K $21.60/SF
− Vacancy
−$1.3K −$3.46/SF
EGI
$6.7K $18.14/SF
− OpEx
−$1.7K −$4.54/SF
NOI
$5.0K $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%
$100,980
Cap Rate 7%
$72,129
Cap Rate 9%
$56,100
Alternative Uses
Best Use
Office B
$72.1K
$63.1K – $84.2K
NOI $5,049 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$97.9K
$85.7K – $114.2K
NOI $6,852 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
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
$478,300
Median Home Value
Market
Average Price Trend$/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 - The two-room layout includes an entry area, with shared restrooms on each floor.
Where is this office unit located?
The property is located at 513-15-1980 N Atlantic Avenue Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $59,500.
What are key features of this property?
This property features: 371‑square‑foot office unit with two rooms and an entry area; Ocean views from both office rooms; Building has three elevators and public restrooms on each floor
