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

    226 King St Cocoa, FL 32922-7940

    • Strip malls
    • 29,249 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2021
    $1,670,000
    Value Estimations
    $1,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0680038
    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.

    Current Use by Public Records

    • Lily Pad Recording / Recording Studio
    • Vencil W. Moore, P.A. / Divorce Lawyer / Family Law Attorney
    • Exchange Club Yellow Umbrella / Social Services Organization
    • 226 King Street / Shopping Mall
    • Club Nightlife LLC Smoke and Vape / Vaporizer Store / Bar & Grill

    Property Details for 226 King St

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    29,249 SF
    Zone code
    CBD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    24-36-33-35-00000.0-0002.01
    APU
    9223372036854775807

    Description

    This exceptional 1,540 square foot retail property is ideally situated in the vibrant heart of Cocoa Village, Florida, at 226 King Street, zip code 32922. Boasting a highly desirable single-tenant occupancy, this turnkey space presents a fantastic opportunity for businesses seeking immediate operation. The building has recently undergone updates, ensuring a move-in ready condition for the new tenant. The property sits on a sizable 0.52-acre lot (APN: 24-36-33-35-00000.0-0002.01), offering ample space and potential for future expansion or outdoor utilization. The property's classification includes both Retail and Land designations, providing flexibility for various commercial uses. Its strategic location within Cocoa Village guarantees high foot traffic, making it an attractive proposition for a wide range of businesses. The property is categorized as Commercial, with a single suite available. This presents a unique chance to establish a thriving business in a bustling and well-established community. The property's convenient location, combined with its updated condition and ample space, makes it an exceptional investment opportunity. The property's prime location in Cocoa Village ensures high visibility and accessibility for customers. This is a rare opportunity to acquire a fully functional retail space in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,390,000
      Market price range: $1.80M - $6.63M
      AI Estimate
      $1,779,000
      Market price range: $921k - $3.70M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7275
    Latitude
    28.3562
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,212
    $112,880
    $1,291,040
    $1,403,920
    -
    $112,880
    $1,291,040
    $1,403,920

    Comparable in this City

    • Value Estimation
      $455,000
      16,421 SF

      4 Harrison St

      SHOPPING CENTER, STRIP CENTER • 16,421 SF
      4 Harrison St, Cocoa, FL 32922-7934
      View Details
    • Value Estimation
      $490,000
      2,140 SF

      1122 Lk Dr Ste A

      SHOPPING CENTER, STRIP CENTER • 2,140 SF
      1122 Lk Dr Ste A, Cocoa, FL 32922-8682
      View Details
    • Value Estimation
      $325,000
      2,184 SF

      2507 Cocoa Blvd

      SHOPPING CENTER, STRIP CENTER • 2,184 SF
      2507 Cocoa Blvd, Cocoa, FL 32922-7067
      View Details
    • Value Estimation
      $285,000
      2,500 SF

      421 Brevard Ave

      SHOPPING CENTER, STRIP CENTER • 2,500 SF
      421 Brevard Ave, Cocoa, FL 32922-7901
      View Details
    • Value Estimation
      $285,000
      4,345 SF

      1240 Dixon Blvd

      SHOPPING CENTER, STRIP CENTER • 4,345 SF
      1240 Dixon Blvd, Cocoa, FL 32922-4414
      View Details
    • Value Estimation
      $270,000
      3,388 SF

      804 Forrest Ave

      SHOPPING CENTER, STRIP CENTER • 3,388 SF
      804 Forrest Ave, Cocoa, FL 32922-7517
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • $825,000

      Retail Property with Two Buildings

      Two-building retail property with central location and easy highway access.
      205 Thompson Ave, Cocoa, FL 32922
      View Details
    • $599,900
      1,275 SF

      High-Visibility Commercial Property in Cocoa

      Prime Cocoa location with flexible workspace and unique Tiki Hut.
      340 King St, Cocoa, FL 32922
      View Details
    • New
      $775,000
      2,358 SF

      Cocoa Income Property For Sale

      Four-unit income property near Cocoa Village, ideal for investors.
      222 Rosa L Jones Dr, Cocoa, FL 32922
      View Details
    • $969,900

      Historic Cocoa Village Retail Opportunity

      Prime Commercial Building, High Traffic Area
      657 Brevard Ave, Cocoa, FL 32922
      View Details
    • $2,400,000
      20,957 SF

      Cocoa Village Retail Portfolio

      Prime Cocoa Village location, high visibility
      117 Hughlett Ave, Cocoa, FL 32922
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,000 SF

      Byrd Plaza Retail Center

      Cocoa, FL Strip Mall - High Traffic
      801 Dixon Blvd, Cocoa, FL 32922
      View Details
    • $10 SF/Yr
      8,800 SF

      Dixon Plaza: Cocoa Retail Space

      Prime Cocoa retail center, 8,800 sq ft.
      904 Dixon Blvd, Cocoa, FL 32922
      View Details
    • $14 SF/Yr
      650 SF

      Retail Space in Cocoa Center

      Retail space available in busy Cocoa retail center.
      1102-1114 Lake Dr, Cocoa, FL 32922
      View Details
    • $13 SF/Yr
      17,820 SF

      Oak Park Plaza: Cocoa Office Space

      Cocoa Office Suites, Prime Location
      1641 Cocoa Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing
      6,000 SF

      Cocoa Commercial Opportunity

      Prime Retail/Restaurant Space, High Traffic Area
      520 King St Cocoa, Cocoa, FL 32922
      View Details
    • $22 SF/Yr
      372 SF

      Historic Cocoa Village Retail Space

      Retail space for lease in historic Cocoa Village.
      315-319 Brevard Ave, Cocoa, FL 32922
      View Details
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    226 King St
    Cocoa, FL 32922-7940
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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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