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    1525 N Indian River Dr Cocoa, FL 32922
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    1525 N Indian River Dr Cocoa, FL 32922

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    • Waterfront Land
    Off-Market
    Property ID
    US18-5722300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 1525 N Indian River Dr

    Property type
    Waterfront Land
    Property subtype
    Residential land & home lots

    Description

    Welcome to your dream property on the Space Coast of Florida! This stunning .86-acre riverfront lot is waiting for you to build your perfect home, with breathtaking views of the historic Indian River Drive. Imagine waking up to spectacular sunrises and watching rocket launches from your own home - this is the ultimate Space Coast living experience. This cleared riverfront lot is the perfect canvas for your dream home. You'll have plenty of room to create your own personal oasis and enjoy the natural beauty of the Space Coast. With easy access to the water, you'll be able to launch your boat or paddleboard right from your backyard. Adjacent lot availability. So if you're looking for the perfect property to build your dream home, look no further than this beautiful riverfront lot...

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7401389
    Latitude
    28.3849083

    Comparable in this City

    • $38,500
      Pending

      Residential Lot in Cocoa, FL

      0.17-acre lot ready for construction in a developed area.
      714 Johnson St, Cocoa, FL 32922
      View Details
    • $749,900
      0.38 Acres

      Waterfront Lot with Renovation Potential

      Direct Indian River lot with pool awaiting renovation to build dream home.
      2514 N Indian River Dr, Cocoa, FL 32922
      View Details
    • $60,000
      0.28 Acres

      Buildable Lot Near the Coast

      Buildable lot in Virginia Park, minutes from the beach.
      633 S Varr Ave, Cocoa, FL 32922
      View Details
    • $60,000
      0.28 Acres

      COCOA, FL Buildable Lot

      Buildable lot near the coast in a quiet community.
      633 S Varr Ave, Cocoa, FL 32922
      View Details
    • $34,900
      0.17 Acres

      Vacant Land in Cocoa, FL

      Vacant lot near highways, shopping, dining, and the beach.
      1403 Donna Ave, Cocoa, FL 32922
      View Details
    • $34,900
      0.17 Acres

      Vacant Lot in Growing Area

      Vacant lot near highways, shopping, dining, and the beach.
      1403 Donna Ave, Cocoa, FL 32922
      View Details

    Similar Nearby for Sale

    • $38,500
      Pending

      Residential Lot in Cocoa, FL

      0.17-acre lot ready for construction in a developed area.
      714 Johnson St, Cocoa, FL 32922
      View Details
    • $749,900
      0.38 Acres

      Waterfront Lot with Renovation Potential

      Direct Indian River lot with pool awaiting renovation to build dream home.
      2514 N Indian River Dr, Cocoa, FL 32922
      View Details
    • $34,900
      0.17 Acres

      Vacant Land in Cocoa, FL

      Vacant lot near highways, shopping, dining, and the beach.
      1403 Donna Ave, Cocoa, FL 32922
      View Details
    • $34,900
      0.17 Acres

      Vacant Lot in Growing Area

      Vacant lot near highways, shopping, dining, and the beach.
      1403 Donna Ave, Cocoa, FL 32922
      View Details
    • $60,000
      0.28 Acres

      COCOA, FL Buildable Lot

      Buildable lot near the coast in a quiet community.
      633 S Varr Ave, Cocoa, FL 32922
      View Details
    • $60,000
      0.28 Acres

      Buildable Lot Near the Coast

      Buildable lot in Virginia Park, minutes from the beach.
      633 S Varr Ave, Cocoa, FL 32922
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      1.40 Acres on US-1, Cocoa, FL
      301 S Cocoa Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Commercial Land for Lease

      3.08 acres of divisible land available for lease.
      1408 Peachtree St, Cocoa, FL 32922
      View Details
    • Contact for pricing
      12,769 SF

      Warehouse Opportunity on Cocoa Blvd

      Warehouse space with loading dock and high traffic location.
      951 N Cocoa Blvd, Cocoa, FL 32922
      View Details
    • $1,800,000
      6,000 SF

      Freestanding Cocoa Commercial Building For Rent

      6,000 SF commercial building with showroom and flex space.
      809 North Cocoa Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Cocoa Warehouse with Office Space

      Versatile warehouse with office, storage, and convenient access.
      324 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
      View Details
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    1525 N Indian River Dr
    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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