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    Property profile & analytics

    3635 King St Cocoa, FL 32926

    • Retail space
    • 8,496 SF
    • 0.84 lot acres
    For Sale
    View listing
    $1,499,000
    Last Sale
    Oct 06, 2021
    $394,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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
    Property size
    8,496 SF
    Zone code
    BU1
    Property type
    Retail space
    APN
    24-35-36-00-00260.0-0000.00
    APU
    9223372036854775807

    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

      Method
      Estimation
      Statistic approach
      $325,000
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $442,000
      Market price range: $442k - $1.71M
      AI Estimate
      $447,000
      Market price range: $374k - $2.35M

    Get a detailed, property-specific valuation — 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
      $230,000
      912 SF

      3815 Hwy 1f-5

      RETAIL STORES (PERSONAL SERVICES) • 912 SF
      3815 Hwy 1f-5, Cocoa, FL 32926-5931
      View Details
    • Value Estimation
      $195,000
      300 SF

      3170 Grissom Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 300 SF
      3170 Grissom Pkwy, Cocoa, FL 32926-5801
      View Details
    • Value Estimation by Request
      10,500 SF

      3680 Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES) • 10,500 SF
      3680 Hwy 1st 1, Cocoa, FL 32926-8713
      View Details
    • Value Estimation
      $265,000
      733 SF

      3815 Hwy 1f-25

      RETAIL STORES (PERSONAL SERVICES) • 733 SF
      3815 Hwy 1f-25, Cocoa, FL 32926-5931
      View Details
    • Value Estimation
      $165,000
      1,193 SF

      3815 Hwy 1f-4

      RETAIL STORES (PERSONAL SERVICES) • 1,193 SF
      3815 Hwy 1f-4, Cocoa, FL 32926-5931
      View Details
    • Value Estimation
      $335,000
      7,608 SF

      401 Cross Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,608 SF
      401 Cross Rd, Cocoa, FL 32926-8774
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      44,220 SF

      Cocoa Industrial Facility: 44,220 SF

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      View Details
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    3635 King St
    Cocoa, FL 32926
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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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