Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3635 King St Cocoa, FL 32926-4126
    Back to Search
    Property profile & analytics

    3635 King St, Cocoa, FL 32926-4126

    View on Map
    • Retail space
    • 8,496 SF
    • 0.84 lot acres
    Off-Market
    Last Sale Oct 6, 2021
    $394,000
    Property ID
    US18-3184757
    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

    • Retail space

    Property Details for 3635 King St

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Zone code
    BU1
    Property type
    Retail space
    APN
    24-35-36-00-00260.0-0000.00
    APU
    9223372036854775807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2021 $394,000 Sean Michaels Troy M Mullis Warranty Deed $244k · Tory M Mullis Etux

    Description

    This exceptional industrial warehouse, situated on a prime .99-acre lot at 3635 W King Street in Cocoa, Florida, presents a compelling investment opportunity. Built in 1962, this single-story, 36,590.4 square foot building boasts a strategic location on Highway 520/King Street, offering excellent visibility and accessibility. The property features two convenient entrances, enhancing operational efficiency. The warehouse itself is equipped with four 10x10 roll-up doors, two roller gates in front, and twin swing gates with 34' openings, facilitating easy loading and unloading. A substantial 40x40 covered work pad provides additional sheltered space. Significant upgrades have been implemented, including a new electrical panel and complete rewiring in 2021, along with plumbing replacements. Four existing lifts are in place, and the property benefits from 24' awnings on three sides of the building. The entire lot is securely fenced. This property offers substantial potential for a variety of businesses, making it an ideal investment in a high-demand location. The asking price is $1,499,000. The zip code is 32926.

    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
    -80.7805
    Latitude
    28.3559
    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
    $3,057
    $110,360
    $69,080
    $179,440
    -
    $110,360
    $69,080
    $179,440

    Comparable in this City

    • Value Estimation by Request
      733 SF

      3815 Hwy 1f-20

      RETAIL STORES (PERSONAL SERVICES)
      3815 Hwy 1f-20, Cocoa, FL 32926-5931
      View Details
    • Value Estimation
      $2,380,000
      11,045 SF

      2324 State Rd 524cvs

      RETAIL STORES (PERSONAL SERVICES)
      2324 State Rd 524cvs, Cocoa, FL 32926-5893
      View Details
    • Value Estimation
      $1,875,000
      9,170 SF

      3915 Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES)
      3915 Hwy 1st 1, Cocoa, FL 32926
      View Details
    • Value Estimation by Request
      2,430 SF

      1850 King St

      RETAIL STORES (PERSONAL SERVICES)
      1850 King St, Cocoa, FL 32926-5128
      View Details
    • Value Estimation
      $600,000
      10,920 SF

      3706 Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES)
      3706 Hwy 1st 1, Cocoa, FL 32926
      View Details
    • Value Estimation by Request
      2,270 SF

      1819 Morely Dr

      RETAIL STORES (PERSONAL SERVICES)
      1819 Morely Dr, Cocoa, FL 32926-1870
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Versatile Flex Property on US-1

      24,000 SF flex space with retail and warehouse potential.
      3650 Us Highway 1 Blvd N, Cocoa, FL 32926
      View Details
    • Contact for pricing
      1,856 SF

      Former Gas Station For Sale

      Freestanding former C-store/gas station with redevelopment potential.
      630 N Range Rd, Cocoa, FL 32926
      View Details
    • Contact for pricing
      1,856 SF

      Former C-Store/Gas Station Opportunity

      Freestanding former c-store/gas station with redevelopment potential.
      630 N Range Rd, Cocoa, FL 32926
      View Details
    • Contact for pricing

      Cocoa, FL Commercial Land Investment

      1.08 Acres, Great Investment Potential
      0 Unknown Unknown, Cocoa, FL 32926
      View Details
    • $40,000
      1.00 Acre

      Commercial Land in Cocoa, FL

      One acre commercial land for sale in Cocoa, Florida.
      6764 Outback Rd, Cocoa, FL 32926
      View Details
    • $75,000
      3.74 Acres

      Recreational Land in Cocoa, Florida

      3.74 acres of recreational land, no HOA, reasonable price.
      Airboat Ave & Beyrum Pl, Cocoa, FL 32926
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail/Office/Medical Space For Lease

      Retail and restaurant spaces available in Cocoa, Florida.
      Cocoa, FL 32926
      View Details
    • Contact for pricing
      2,500 SF

      New Upscale Convenience Store Available

      New 2,500+ sqft NNN lease near Walmart and I-95.
      5550 State Road 524, Cocoa, FL 32926
      View Details
    • $8,500 /Mo

      Automotive Property on State Road

      Automotive property with office, workshop, and pole barn space.
      2156 W King St, Cocoa, FL 32926
      View Details
    • Contact for pricing
      98,010 SF

      Retail Space Available for Lease

      Large retail property available for lease in Cocoa, Florida.
      2320 State Road 524, Cocoa, FL 32926
      View Details
    • Contact for pricing

      Cocoa Flex Warehouse Units

      Flex warehouse units with office space for lease in Cocoa.
      3815 N Us Highway 1 Blvd, Cocoa, FL 32926
      View Details
    • Contact for pricing
      6,700 SF

      Flex Space with Warehouse

      Flex space featuring offices, warehouse, and roll-up door.
      3732 Highway 1 N, Cocoa, FL 32926
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3635 King St
    Cocoa, FL 32926-4126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3635 King St, Cocoa, FL, 32926
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!