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    FOR LEASE
    Office buildings

    414 High Point Dr, Cocoa, FL 32926

    4,756 SF 0.23 ac lot Built 1965
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US18-6103698
    Property summary
    AI-generated overview

    This exceptional two-story office building at 414 High Point Drive offers a variety of configurations to suit your business needs. Situated on a 0.23-acre lot, the property features a total of 1,840 square feet of usable space. The building is ideally located just north of the new train station, providing convenient access for employees and clients. The first floor boasts a spacious 1,800 square foot suite, complete with six individual offices, a conference room, and a lobby. Rent for this suite is $1,800 per month, plus a 4.5% commercial lease tax. Alternatively, the second floor offers six individual offices ranging in size from 300 to 500 square feet, each providing a private workspace. These second-floor offices share a common kitchen, breakroom, and bathrooms. Water and power are included in the rent for both floor plans. Ample parking is available on-site, adding to the convenience and appeal of this property. The property's APN is 24-36-17-25-0000a.0-0002.00. This is a single-tenant building offering a flexible and functional space for a variety of businesses. The property presents a unique opportunity for a business seeking a well-located and well-maintained office space.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1965
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,756 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code BU-1
    APN 24-36-17-25-0000A.0-0002.00
    UPID US18-6103698
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $515k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $475k
    Blend (final) Blend
    $530k
    Owner & transaction history
    Indian River Reh LLC · 3 yrs held
    Indian River Reh LLC
    since 2022
    Last sale
    $535,000
    5 recorded transactions
    2022
    $535,000
    2016
    $135,000
    2015
    $150,000
    2009
    $270,000
    2004
    $875,000
    Zoning & alternative use
    BU-1 · Cocoa, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $740,000 +1.1%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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