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Property profile & analytics
FOR SALE
Strip malls

966 N Cocoa Blvd Cocoa, FL 32922

6,908 SF 0.99 ac lot Built 1982
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-5935603
Property summary
AI-generated overview

This thriving 8,208 square foot retail center, located at 966-970 N Cocoa Boulevard in Cocoa, Florida (zip code 32922), presents a compelling investment opportunity. Built in 1982 and situated on a 43,124.4 square foot lot, the property boasts 301.39 lineal feet of frontage on US Highway 1, offering exceptional visibility and accessibility. The multi-tenant plaza features twelve units with a current occupancy rate of 90%, generating strong cash flow. Recent renovations include a new monument sign, fresh paint, updated façade signage for each business, and renovated interior suites. Two convenient entrances/exits on either side of the plaza enhance traffic flow. The property's prime location near State Road 528 provides easy access to Orlando and the densely populated coastal communities, ensuring a consistent stream of potential customers. The meticulously maintained landscaping further enhances the professional appearance of the center. Asking price is $2,000,000. Lease type is modified.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,908 SF
Lot 0.99 ac (43,124 SF)
Zoning code CN
APN 24-36-28-BP-00000.0-0019.01
UPID US18-5935603
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
  • Kirby Vacuums Factory Authorized Sales & Services Factory Industrial Manufacturer
  • Flawless Fades Barber & Shave Co. Barber Shop
  • L a Looks Hair Salon Nail Salon
  • East Coast Gleam Team Hardware & Home Improvement
  • Revolutions Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$778k
Blend (final) Blend
$780k
Owner & transaction history
North Cocoa Plaza LLC · 7 yrs held
North Cocoa Plaza LLC
since 2018
3 recorded transactions
2018
$472,500
2004
Price N/A
1969
Price N/A
Zoning & alternative use
CN · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +40.3%
Office building $1.1M +37.2%
Auto repair, garage $885,000 +16.1%
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