Cape Canaveral Commercial
For Sale
Contact for pricing
9010 Astronaut Blvd, Cape Canaveral, FL 32920
Prime commercial property near Port Canaveral Cruise Terminal.
Property Size4,628 SF
Lot Size0.39 Acres
Price / SF$356.53
Days on Market161
Property Features for 9010 Astronaut Blvd
General Information
Standard status
Active
Size
4,628 SF
Lot size
0.39 Acres
Property subtype
Retail
Zoning
C1
Building Details
Units
1
Listing Agency:
Watson Commercial Real Estate, Inc.
Listed By:
Jackie Pope · License #SL3619802
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 11 at 6:44AM
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 Watson Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
This commercial property, situated at 9010 Astronaut Blvd in Cape Canaveral, FL, offers 4,628 square feet of space on a 0.39-acre lot. The two-story flex/warehouse building benefits from frontage on Astronaut Blvd, which sees a traffic count of 35,000 vehicles per day. Its location is enhanced by its proximity to Port Canaveral Cruise Terminal and the presence of nine hotels within walking distance. Zoned C1, the property allows for versatile commercial use, presenting an opportunity to tap into the tourism, maritime, and hospitality sectors. This location is in Florida's high-growth cruise and tourism corridor.
Key Highlights
- Prime location next to Port Canaveral Cruise Terminal.
- High traffic count of 35,000 vehicles per day on Astronaut Blvd.
- Versatile C1 zoning allowing for diverse commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,067,120
$1.1M
Cap Rate 7%
$762,229
$762.2K
Cap Rate 9%
$592,844
$592.8K
Market Conditions
NOI Build-Up for 4,628 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.3K $18.00/SF
− Vacancy
−$7.1K −$1.53/SF
EGI
$76.2K $16.47/SF
− OpEx
−$22.9K −$4.94/SF
NOI
$53.4K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,067,120
Cap Rate 7%
$762,229
Cap Rate 9%
$592,844
Alternative Uses
Best Use
Retail
$762.2K
$667.0K – $889.3K
NOI $53,356 @ 7.0% cap · market cap 3.23%
Second Best
Flex RnD
$675.0K
$590.7K – $787.6K
NOI $47,253 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,470 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 32920, FL
9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Prime commercial property near Port Canaveral Cruise Terminal.
Where is this retail property located?
The property is located at 9010 Astronaut Blvd Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location next to Port Canaveral Cruise Terminal.; High traffic count of 35,000 vehicles per day on Astronaut Blvd.; Versatile C1 zoning allowing for diverse commercial uses.
