Flex Space with Oversized Access
For Sale
$1,600,000
625 Florida Avenue, Cocoa, FL 32922
Multiple buildings combine retail, showroom, warehouse, and storage areas in one commercial property.
Property Size14,735 SF
Lot Size0.71 Acres
Price / SF$108.59
Days on Market48
Property Features for 625 Florida Avenue
General Information
Standard status
Active
Size
14,735 SF
Lot size
0.71 Acres
Property subtype
Warehouse
Additional Details
Road Access
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$12,751
Building Details
Building Size
14,735 SF
Year Built
1939
Listing Agency:
Kovac Real Estate
Listed By:
Joe Kovac · License #3253209
(321) 544-2511
Source:
Inthehomezonerealty
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 26 at 2:08PM
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 Kovac Real Estate
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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.
This Cocoa flex property spans approximately 14,735 SF across multiple buildings on 0.71 acres. Its interior areas accommodate retail, showroom, warehouse, and storage functions, while oversized access doors support movement of vehicles, equipment, or inventory. The property was built in 1939.
The site has frontage on both Florida Avenue and Factory Street in Cocoa. Its combination of building areas and access features offers a range of commercial configurations.
The site has frontage on both Florida Avenue and Factory Street in Cocoa. Its combination of building areas and access features offers a range of commercial configurations.
Key Highlights
- Approximately 14,735 SF across multiple buildings
- 0.71‑acre property with frontage on Florida Avenue and Factory Street
- Oversized access doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,526
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,030,520
$2.0M
Cap Rate 7%
$1,450,371
$1.5M
Cap Rate 9%
$1,128,067
$1.1M
Market Conditions
NOI Build-Up for 14,735 SF
Gross rent
$123.8K $8.40/SF
− Vacancy
−$4.3K −$0.29/SF
EGI
$119.4K $8.11/SF
− OpEx
−$17.9K −$1.22/SF
NOI
$101.5K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,030,520
Cap Rate 7%
$1,450,371
Cap Rate 9%
$1,128,067
Alternative Uses
Best Use
Retail
$2.43M
$2.12M – $2.83M
NOI $169,880 @ 7.0% cap · market cap 10.62%
Second Best
Flex RnD
$2.15M
$1.88M – $2.51M
NOI $150,447 @ 7.0% cap · market cap 9.40%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,126 @ 7.0% cap · market cap 17.01%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
1,280
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multiple buildings combine retail, showroom, warehouse, and storage areas in one commercial property.
Where is this flex space located?
The property is located at 625 Florida Avenue Cocoa, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 14,735 SF across multiple buildings; 0.71‑acre property with frontage on Florida Avenue and Factory Street; Oversized access doors
