Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3720 3720 Blvd Cocoa, FL 32927

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3720 3720 Blvd Cocoa, FL 32927

    View on Map
    • Retail properties & Spaces
    • 0.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3720 3720 Blvd

    Year built
    2003
    Lot size
    0.09 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents two combined end-unit retail spaces totaling 1342 square feet, ideally situated within the Horizon Shopping Center in Cocoa, Florida. Located at a busy intersection in the centrally located Port St. John area, this property boasts high visibility and excellent access for customers. The combined units feature two bathrooms, a convenient front entrance, and a separate side entrance perfect for efficient deliveries. The sale includes valuable restaurant equipment, such as an exhaust hood, hand sinks, a large three-compartment wash sink, and a spacious walk-in refrigerator, making it an ideal turnkey operation for a food service business. Currently, the monthly common area maintenance (CAM) fee for both units is $580, which includes water and trash services. Adding to the value proposition, a new roof is being installed for the entire plaza in the current year, eliminating significant future capital expenditures. The property sits on a 0.09-acre lot, offering ample space for outdoor seating or other potential uses. This is a rare chance to acquire a well-equipped, high-traffic retail space in a thriving commercial area. The asking price for this turnkey opportunity is $312,000. Don't miss this chance to secure a strong return on your investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7789
    Latitude
    28.4773

    Comparable in this City

    • Value Estimation by Request

      4380 Highway 1

      Land
      4380 Highway 1, Cocoa, FL 32927
      View Details
    • Value Estimation by Request

      4404 Highway 1

      Retail properties & Spaces
      4404 Highway 1, Cocoa, FL 32927
      View Details
    • Value Estimation by Request

      4400 Highway 1

      Land
      4400 Highway 1, Cocoa, FL 32927
      View Details
    • Value Estimation by Request

      700 West Ave

      Land
      700 West Ave, Cocoa, FL 32927
      View Details
    • Value Estimation by Request
      1,342 SF

      3720 Cocoa Blvd

      Restaurants • 1,342 SF
      3720 Cocoa Blvd, Port Saint John, FL 32927
      View Details
    • Value Estimation by Request

      3720 Curtis Blvd

      Land
      3720 Curtis Blvd, Port Saint John, FL 32927
      View Details

    Similar Nearby for Sale

    • New
      $160,000
      800 SF

      Versatile Commercial Condo in Cocoa

      800 SF commercial condo for light industrial or service operations.
      3860 Curtis Blvd, Cocoa, FL 32927
      View Details
    • $65,000

      Cocoa, FL Commercial Land Parcel

      Prime 11,761 SF Commercial Lot
      0 None Unknown, Cocoa, FL 32927
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space with High Visibility

      Retail space with prime access and flexible zoning.
      6201-6269 Us Highway 1 Blvd, Cocoa, FL 32927
      View Details
    • New
      $1,300 /Mo
      800 SF

      Versatile Commercial Condo in Cocoa

      800 sq ft commercial condo ideal for industrial or service-based operations.
      3860 Curtis Blvd, Cocoa, FL 32927
      View Details
    • $1,800 /Mo
      1,600 SF

      Cocoa Commercial / Light Industrial

      1600 SF commercial/light industrial space with 220V 3-phase power.
      3860 Curtis Blvd, Cocoa, FL 32927
      View Details
    Request Owner's contact information
    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.
    3720 3720 Blvd
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!