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    Property profile & analytics

    1485 Atlantic Ave Cocoa Beach, FL 32931

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tim Sparks Broker Associate / Real Estate Agency
    • Hairapy- Hair plus Therapy / Hair Salon / Nail Salon
    • Nichole Demeter, RE/MAX Solutions / Real Estate Agency
    • Collins General Contracting LLC / Construction Company / General Contractor
    • Leonard L George CPA / Accounting Firm

    Property Details for 1485 Atlantic Ave

    Property type
    Office Properties & Spaces

    Description

    This 500-square-foot office space, located at 1485 N Atlantic Avenue in Cocoa Beach, Florida (zip code 32931), is a single-tenant property situated on a 0.44-acre lot. The two-story building features this office on the second floor, accessible via stairs. The space boasts two private offices and a large open workspace, perfect for a variety of professional uses. Enjoy ample parking and high visibility from the busy A1A two-way traffic. The property is conveniently located across from Lori Wilson Park, offering a desirable location for businesses. This office includes one private bathroom, large closets for storage, and new hurricane impact windows. Utilities are a plus, with water, sewage, and trash removal included in the rent. There are no CAM fees associated with this property. The property's APN is 25-37-03-00-00768.0-0000.00. Zoned for Office Professional use, this space is ready for immediate occupancy. High demand ensures quick lease-up.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.6108
    Latitude
    28.3362

    Comparable in this City

    • Value Estimation by Request
      292 SF

      1980 Atlantic Ave Ste, Unit 1001

      CONDOMINIUM OFFICES • 292 SF
      1980 Atlantic Ave Ste, Cocoa Beach, FL 32931-3278
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    • Value Estimation by Request
      720 SF

      1980 Atlantic Ave Ste, Unit 1030

      CONDOMINIUM OFFICES • 720 SF
      1980 Atlantic Ave Ste, Cocoa Beach, FL 32931-3200
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    • Value Estimation by Request
      713 SF

      5505 Atlantic Ave Ste, Unit 110

      CONDOMINIUM OFFICES • 713 SF
      5505 Atlantic Ave Ste, Cocoa Beach, FL 32931-5118
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    • Value Estimation by Request
      297 SF

      1980 Atlantic Ave Ste, Unit 110

      CONDOMINIUM OFFICES • 297 SF
      1980 Atlantic Ave Ste, Cocoa Beach, FL 32931-3219
      View Details
    • Value Estimation by Request
      297 SF

      1980 Atlantic Ave Ste, Unit 128

      CONDOMINIUM OFFICES • 297 SF
      1980 Atlantic Ave Ste, Cocoa Beach, FL 32931-3219
      View Details
    • Value Estimation by Request
      720 SF

      1980 Atlantic Ave Ste, Unit 130

      CONDOMINIUM OFFICES • 720 SF
      1980 Atlantic Ave Ste, Cocoa Beach, FL 32931-3284
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
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      Prime Oceanview Office, Coworking Ready
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      Prime Cocoa Beach Office: Move-in Ready
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    • Contact for pricing
      1,040 SF

      Cocoa Beach Office Suites Available

      Office and medical suites for lease in Cocoa Beach.
      503 N Orlando Ave, Cocoa Beach, FL 32931
      View Details
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    1485 Atlantic Ave
    Cocoa Beach, FL 32931
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    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
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