Mixed-Use Property with
For Sale
Contact for pricing
Pending
831 W King St, Cocoa, FL 32922
Mixed-use property featuring showroom, office, and workshop spaces.
Property Size1,386 SF
Days on Market1040
Property Features for 831 W King St
General Information
Standard status
Pending
Size
1,386 SF
Class
C
Property subtype
Industrial, Mixed Use, Office, Special Purpose
Zoning
commercial
Occupancy
100%
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Curri Properties
(321) 622-3196
Listed By:
Karen D'Alberto · License #3262751
Source:
Crexi
Added: Oct 17, 2023
Changed: Aug 8
Last Checked: Jul 24 at 2:35PM
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 Curri Properties
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1386 square foot showroom and retail area, along with 270 square feet of office space. It also features an 1100 square foot workshop with overhead doors at both the front and rear. The property includes a fenced yard, offering additional security and space.
Key Highlights
- 1386 sf showroom and retail space
- 1100 sf workshop with overhead doors, front and rear access
- Fenced yard provides security
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
$16,081
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
4.67%
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%
$321,620
$321.6K
Cap Rate 7%
$229,729
$229.7K
Cap Rate 9%
$178,678
$178.7K
Market Conditions
NOI Build-Up for 1,386 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
$28.3K $20.40/SF
− Vacancy
−$2.5K −$1.84/SF
EGI
$25.7K $18.56/SF
− OpEx
−$9.6K −$6.96/SF
NOI
$16.1K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
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%
$321,620
Cap Rate 7%
$229,729
Cap Rate 9%
$178,678
Alternative Uses
Best Use
Mixed Use
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$228.3K
$199.7K – $266.3K
NOI $15,979 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 10%
Electronics 3%
Wawa
Shops & Services
35,829 visits/mo
0.1 miles
Dollar General
Shops & Services
5,436 visits/mo
0.2 miles
Mobil
Shops & Services
5,378 visits/mo
0.5 miles
Dunkin' Donuts
Dining
4,408 visits/mo
0.4 miles
AutoZone
Shops & Services
2,920 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring showroom, office, and workshop spaces.
Where is this mixed-use property located?
The property is located at 831 W King St Cocoa, FL.
What is the asking price?
The asking price for this property is $344,000.
What are key features of this property?
This property features: 1386 sf showroom and retail space; 1100 sf workshop with overhead doors, front and rear access; Fenced yard provides security
