Renovated Flex
550 Saint Johns St, Cocoa, FL 32922
For Sale
$990,000
Office and storage areas share a flexible layout, with air conditioning serving approximately 90% of the building.
Property Size4,930 SF
Lot Size0.45 Acres
Price / SF$200.81
Days on Market8
Property Features for 550 Saint Johns St
General Information
Standard status
Size
Lot size
Financials
Asking Price
Gross Income
Additional Details
Fenced Yard
Warehouse Space
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
Harber Realty, Inc.
Listed By:
Timothy L Harber · License FL BK621377
(321) 960-4679
Source:
Exprealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 2:27AM
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 Harber Realty, Inc.
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Investment Insights
Based on property information with market context.
This 4,930-square-foot flex building combines professional office space with a warehouse and storage area of approximately 1,000 square feet or less. Renovations include a new roof, updated interior finishes, and renovated men’s and women’s restroom and shower facilities. Approximately 90% of the building is air-conditioned.
The property occupies a 0.45-acre fenced lot at 550 Saint Johns Street in Cocoa, Florida. It is currently leased through January 1.
The property occupies a 0.45-acre fenced lot at 550 Saint Johns Street in Cocoa, Florida. It is currently leased through January 1.
Key Highlights
- 4,930‑square‑foot building on a 0.45‑acre fenced lot
- Approximately 1,000 square feet or less of warehouse and storage space
- Air conditioning serves approximately 90% of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,741
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,820
$914.8K
Cap Rate 7%
$653,443
$653.4K
Cap Rate 9%
$508,233
$508.2K
Market Conditions
NOI Build-Up for 4,930 SF
Gross rent
$76.9K $15.60/SF
− Vacancy
−$6.5K −$1.33/SF
EGI
$70.4K $14.27/SF
− OpEx
−$24.6K −$5.00/SF
NOI
$45.7K $9.28/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,820
Cap Rate 7%
$653,443
Cap Rate 9%
$508,233
Alternative Uses
Best Use
Flex RnD
$653.4K
$571.8K – $762.4K
NOI $45,741 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$430.4K
$376.6K – $502.1K
NOI $30,127 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,631 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Brevard County, FL
Properties on Market for Flex space in Brevard County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- WilmaWishezEateryLLc. — 115 Polaris St, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Flex space - Office and storage areas share a flexible layout, with air conditioning serving approximately 90% of the building.
Where is this flex space located?
The property is located at 550 Saint Johns St Cocoa, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 4,930‑square‑foot building on a 0.45‑acre fenced lot; Approximately 1,000 square feet or less of warehouse and storage space; Air conditioning serves approximately 90% of the building
