3170 Grissom Pkwy Cocoa, FL 32926-5801
This exceptional investment opportunity presents a fully permitted, shovel-ready self-storage development site in Cocoa, Florida. Located on a 2.99-acre lot at 3170 Grissom Pkwy, this prime location boasts unparalleled visibility, bordering the Beachline Expressway (SR-528) and Grissom Parkway, experiencing high daily traffic volumes of 39,900 and 10,600 vehicles respectively. The site's strategic position between I-95 and Cape Canaveral ensures excellent accessibility. The development plan encompasses two buildings totaling 93,150 gross square feet (73,513 net rentable square feet), featuring 674 units. Building one is a three-story, 82,875 square foot climate-controlled structure, while building two offers 10,275 square feet of single-story drive-up units. This project benefits from strong market demographics, including significant multi-family residential development within a 1.5-mile radius (approximately 1,000 units underway), and proximity to major retailers such as Publix, CVS, and Walmart. Furthermore, its location near SpaceX, FedEx, and Amazon distribution centers adds to its appeal. Brevard County's robust 2.06% annual growth rate and low square footage per capita further solidify this investment's potential. The asking price is $1,800,000, and building permits are already secured, enabling a swift closing and immediate commencement of construction.
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Stevenson Nursery Landscaping and Irrigation Garden Center Landscaping
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Stevenson Landscaping, Nursery & Irrigation Landscaping General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Cocoa, FLCocoa. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.