Property profile

938 Dixon Blvd Cocoa, FL 32922

OFF-MARKET
Turn key restaurants
Property ID
US18-0665923
2,545 SF 0.8 ac lot Built 1988
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-tenant, free-standing retail building in Cocoa, Florida, presents a compelling investment opportunity. The 2,545 square foot property, built in 1988, sits on a 0.74-acre lot and boasts 32 parking spaces, ensuring ample customer convenience. Currently operating at 100% occupancy with a lease having 3.5 years remaining, this property offers a stable income stream. Located at 938 Dixon Blvd, Cocoa, FL 32922, the property benefits from its strategic position near major roadways, including U.S. Highway 1, State Roads 520 and 528, and I-95, ensuring high visibility and accessibility. Its proximity to Kennedy Space Center, Historic Cocoa Village, Port Canaveral, and Merritt Island further enhances its appeal. The property is zoned CN and offers a versatile space suitable for a variety of retail uses. The asking price is $550,000, translating to $216.11 per square foot. This represents a strong return on investment in a thriving area with significant growth potential. The property's convenient location near Eastern State College, medical facilities, and residential areas contributes to its consistent performance. This is a rare opportunity to acquire a well-located, income-producing retail asset with a strong tenant and significant upside potential. Serious inquiries only.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,545 SF
Lot 0.8 ac (34,848 SF)
Zoning code CN
APN 24-36-29-BV-00000.0-000A.03
UPID US18-0665923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

938 Dixon Blvd Cocoa, FL 32922-6807
Cocoa metro Census 62302 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2023
Last sale
$237,500
7 recorded transactions
2023
Price N/A
2017
$237,500
2017
Price N/A
2016
$200,000
2011
$128,500
2010
Price N/A
1999
$3.4M

Zoning & alternative use

CN · Cocoa, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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