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    1343 King St Cocoa, FL 32922
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    1343 King St, Cocoa, FL 32922

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    • Retail properties & Spaces
    • 13,484 SF
    • 0.66 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kathy's New and Used Furniture / Home Decor Store / Department Store

    Property Details for 1343 King St

    Year built
    1958
    Lot size
    0.66 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional Cocoa, Florida retail property presents a compelling investment opportunity. Located at 1343 W King St, this offering encompasses two parcels totaling 0.66 acres, featuring a substantial 13,484 square feet of retail space. The main building boasts 9,964 square feet on the ground floor and approximately 3,520 square feet on the second floor. Benefiting from approximately 160 feet of frontage on King Street (SR-520), a high-traffic thoroughfare with an estimated 23,500 vehicles daily, this property offers significant visibility and accessibility. Built in 1958, the two-story structure presents a unique opportunity for an owner-user or investor. The property is situated between Clearlake Rd and Fiske Blvd and is currently unzoned within the City of Cocoa. Seller financing is available, making this an attractive proposition for qualified buyers. The asking price is $1,250,000, translating to $92.70 per square foot. This prime location and substantial square footage make this a rare find in the Cocoa market.

    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
    -80.7508
    Latitude
    28.3553

    Comparable in this City

    • Value Estimation by Request
      2,177 SF

      225 Clearlake Rd

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      225 Clearlake Rd, Cocoa, FL 32922-8650
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    • Value Estimation
      $1,100,000
      7,302 SF

      1111 King St

      RETAIL STORES (PERSONAL SERVICES)
      1111 King St, Cocoa, FL 32922-8617
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    • Value Estimation
      $895,000
      6,422 SF

      1401 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES)
      1401 Clearlake Rd, Cocoa, FL 32922-6580
      View Details
    • Value Estimation by Request
      2,236 SF

      1208 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES)
      1208 Clearlake Rd, Cocoa, FL 32922-4417
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    • Value Estimation by Request
      3,366 SF

      519 Cocoa Blvd

      RETAIL STORES (PERSONAL SERVICES)
      519 Cocoa Blvd, Cocoa, FL 32922-7655
      View Details
    • Value Estimation by Request
      15,934 SF

      833 Cocoa Blvd Ste A

      RETAIL STORES (PERSONAL SERVICES)
      833 Cocoa Blvd Ste A, Cocoa, FL 32922-8104
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,610 SF

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      18,188 SF

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      3,920 SF

      Mixed-Use Property with Lease Income

      Two-building mixed-use property with lease income and redevelopment potential.
      1229-1231 W King St, Cocoa, FL 32922
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    • $1,450,000
      3,978 SF

      Prime Cocoa Village Retail Space

      High-Visibility Retail, Ample Parking
      625 629, Cocoa, FL 32922
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    • Contact for pricing
      8,400 SF

      Retail Property on King Street

      Retail property with high traffic and ample parking.
      1049 W King St, Cocoa, FL 32922
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    Similar Nearby for Lease

    • Contact for pricing
      1,823 SF

      Historic Cocoa Village Retail Space

      Retail space for lease in historic Cocoa Village.
      315-319 Brevard Ave, Cocoa, FL 32922
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    • Contact for pricing

      Mixed-Use Property Near Universities

      Multi-tenant property with office, retail, and industrial spaces available.
      1314 Clearlake Rd, Cocoa, FL 32922
      View Details
    • $10 SF/Yr
      1,380 SF

      Cocoa Boulevard Office Space

      Prime Cocoa location, updated office, 1380 sq ft.
      1811 Cocoa Blvd, Cocoa, FL 32922
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    • Contact for pricing

      Renovated Office Building For Rent

      8,800 SF office building with newly renovated units.
      904 Dixon Blvd, Cocoa, FL 32922
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    • Contact for pricing

      Retail and Office Space

      Spacious space with high visibility and ample parking, suited for flexible retail or office use.
      100 Delannoy Ave, Cocoa, FL 32922
      View Details
    • $12,000 /Mo

      Prime Cocoa Village Retail Space

      Commercial space in the heart of Cocoa Village, flexible terms.
      520 Brevard Ave, Cocoa, FL 32922
      View Details
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    1343 King St
    Cocoa, FL 32922
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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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