Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6040 Grissom Pkwy Cocoa, FL 32927

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 10,454 sq ft commercial lot in Cocoa, FL.

    Property Features for 6040 Grissom Pkwy

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Camilo De La Cruz Perez
    Camilo De La Cruz Perez

    Listing Agency: Home Sold Realty LLC Listing Agent: Camilo De La Cruz Perez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 10,454 square foot commercial lot, located at 6040 Grissom Parkway in Cocoa, Florida, presents a unique investment opportunity. Situated in Brevard County, zip code 32927, this 0.24-acre parcel offers significant potential for development. The asking price is $44,000. The property's address is easily accessible, providing convenient access to local amenities and transportation routes. Its location offers the tranquility of a residential area while maintaining proximity to businesses such as Coverall Canopies. This land is ideal for those seeking to build a commercial structure tailored to their specific needs, capitalizing on the growth and potential of the Cocoa community. The property is classified as commercial land and is ready for immediate development. This represents a compelling opportunity for investors and developers alike to acquire a strategically located parcel in a thriving area of Florida. The coordinates are 28.463823 latitude and -80.804638 longitude. Don't miss this chance to secure this valuable piece of commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Daycare Center Auto Repair Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.804638
    Latitude
    28.463823

    Nearby Similar for Sale

    • $599,900
      1,275 SF

      High-Visibility Commercial Property in Cocoa

      Prime Cocoa location with flexible workspace and unique Tiki Hut.
      340 King St, Cocoa, FL 32922
      View Details
    • $424,900
      3,920 SF

      Commercial Property in Cocoa, Florida

      Two-building commercial property with lease income and redevelopment potential.
      1229-1231 W King St, Cocoa, FL 32922
      View Details
    • $319,900
      837 SF

      Income-Producing Duplex in Cocoa, FL

      Turnkey duplex with tenants in place, ideal for investors.
      717 Lunar Lake Cir, Cocoa, FL 32926
      View Details
    • $775,000
      2,358 SF

      Cocoa Income Property For Sale

      Four-unit income property near Cocoa Village, ideal for investors.
      222 Rosa L Jones Dr, Cocoa, FL 32922
      View Details
    • $45,000

      Established Lawn Service Business

      Lawn service business serving 50 residential properties in Brevard County.
      0000 No Name, Cocoa, FL 32927
      View Details
    • $289,000
      1,644 SF

      Versatile Duplex with Buildable Lot

      Duplex with buildable lot, ideal for owner-occupant or investor.
      1417 Wilson Rd, Cocoa, FL 32922
      View Details
    • $595,000
      7,458 SF

      Cocoa, FL Commercial Fixer-Upper

      Commercial fixer-upper near future Brightline station with high traffic.
      2610 N Cocoa Blvd, Cocoa, FL 32922
      View Details
    • $899,999
      2,025 SF

      Restored 1890s Riverfront Residence

      Updated antique riverfront home with guest cottage and dock.
      3945 N Indian River Dr, Cocoa, FL 32926
      View Details
    • $1,425,000
      5,450 SF

      Cocoa Multifamily Apartment Complex

      12-unit apartment complex near Cocoa Village and Indian River.
      150 Peachtree St, Cocoa, FL 32922
      View Details
    • $249,000
      0.23 Acres

      Established Marine Business Opportunity

      Thriving marine business with strong client base and growth potential.
      229 Forrest Ave, Cocoa, FL 32922
      View Details
    • $900,000
      18,188 SF

      Retail Building Near Sav-A-Lot

      Two-story retail building in shell condition near O'Reilly Auto.
      1339 W Point Dr, Cocoa, FL 32922
      View Details
    • Contact for pricing
      1,856 SF

      Former C-Store/Gas Station Opportunity

      Freestanding former c-store/gas station with redevelopment potential.
      630 N Range Rd, Cocoa, FL 32926
      View Details

    FAQs

    What type of property is this?
    Land - Prime 10,454 sq ft commercial lot in Cocoa, FL.
    Where is this land located?
    The property is located at 6040 Grissom Pkwy Cocoa, FL.
    What is the asking price?
    The asking price for this property is $44,000.
    What are key features of this property?
    This property features: $44,000 asking price; 10,454 square foot lot; Commercial land in Cocoa, Florida
    (833) 700-2782 Call to check price and availability
    Request Owner's contact information
    6040 Grissom Pkwy Cocoa, FL 32927
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6040 Grissom Pkwy
    Cocoa, FL 32927
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6040 Grissom Pkwy Cocoa, FL 32927
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Camilo De La Cruz Perez
    Camilo De La Cruz Perez
    Real Estate License ID: 276535504
    (833) 700-2782 (561) 574-2603
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!