Property profile

104 3Rd St Cocoa, FL 32922

FOR LEASE
Truck terminals
Property ID
US18-9505767
6,000 SF 0.28 ac lot Built 1979
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-tenant, 6,000-square-foot industrial warehouse in Cocoa, Florida, presents a compelling investment opportunity. Currently 100% occupied with a lease expiring February 28, 2026, the property boasts a strong 8.83% cap rate and a $55,520 net operating income (NOI). The asking price is $629,000, translating to $104.83 per square foot. The building features approximately 60' x 100' dimensions, estimated 14' - 16' clear ceiling height, and two 12' wide x 14' tall grade-level doors. Utilities include city water/sewer and 3-phase 400-amp electrical service. The property is zoned City of Cocoa Wholesale Commercial (C-W), allowing for diverse uses including warehousing, storage, automotive, and manufacturing. A 5% annual rent escalator is in place, and the lease includes one 3-year renewal option with a landlord termination option. The 0.28-acre lot is conveniently located in Brevard County, offering easy access to major transportation arteries like Interstate 95 and US1, as well as proximity to Port Canaveral, Cocoa Beach, Kennedy Space Center, and Orlando International Airport. The property is privately owned and seller financing may be considered. The building is currently occupied

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1979
Construction FRAME
Total area 6,000 SF
Lot 0.28 ac (12,197 SF)
Zoning code CW
APN 24-36-33-01-00000.0-0038.00
UPID US18-9505767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Discount Store
  • Hardware & Home Improvement Furniture & Home Goods
  • Auto Repair Shop
  • Auto Parts Store

Location

104 3Rd St Cocoa, FL 32922
Cocoa metro Census 71500 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2025
Last sale
$595,000
5 recorded transactions
2025
$595,000
2022
$330,000
2016
Price N/A
2007
$265,000
1969
Price N/A

Zoning & alternative use

CW · Cocoa, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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