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Property profile & analytics
OFF-MARKET
Retail space

3170 Grissom Pkwy Cocoa, FL 32926-5801

300 SF 2.71 ac lot Built 2000
Individually Owned 28-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4353447
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 300 SF
Lot 2.71 ac (118,048 SF)
Zoning code M2
APN 24-35-12-00-00764.0-0000.00
UPID US18-4353447
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stevenson Nursery Landscaping and Irrigation Garden Center Landscaping
  • Stevenson Landscaping, Nursery & Irrigation Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
JERRY R STEVENSON
JERRY R STEVENSON
Zoning & alternative use
M2 · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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