850 Cidco RdCocoa, FL 32926
- Office properties
- 4,725 SF
Property Details for 850 Cidco Rd
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 20.23 AC
- Property size (Sq ft)
- 4,725 SF
- Zone code
- M2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 24-35-12-00-00006.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional 62,304-square-foot industrial property, situated on a 20.23-acre lot in Cocoa, Florida, presents a compelling investment opportunity. The property, built in 2001 and extensively renovated in 2019, boasts a diverse range of features ideal for heavy industrial uses, including manufacturing and warehousing. Key features include a substantial 10,000-square-foot high-bay facility with a 110-foot ceiling height, a large renovated warehouse space perfectly suited for manufacturing operations, and a separate office building for administrative needs. The property is currently occupied by a single aerospace tenant, providing immediate cash flow for investors seeking a single-tenant net lease investment. Alternatively, the property offers significant potential for owner-occupiers seeking a large-scale industrial facility. The site is fully fenced and secured, ensuring optimal safety and operational efficiency. Its strategic location offers easy access to State Road 528 and Interstate 95, providing convenient access to major transportation arteries and key regional destinations such as Kennedy Space Center and Port Canaveral. The property is zoned M2, allowing for a variety of heavy industrial uses. The asking price is $11,500,000, representing a price per square foot of $184.58. The property's address is 850 Cidco Rd, Cocoa, FL 32926, with APN 24-35-12-00-00006.0-0000.00. This rare opportunity combines immediate income potential with long-term growth prospects in a prime location on Florida's Space Coast.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,156,537
- 6.5%
- $1,067,573
- 7%
- $991,317
-
Comparable approach
- Method
- Valuation
- Relative Method
- $797,646
- Geo Method
- $741,967
-
Alternative Use
- Use
- Valuation
- Residential
- $1,323,790
- Hospitality
- $1,212,584
- Educational
- $1,008,856
- Medical
- $1,043,552
- Retail
- $1,569,332
Location Insight
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Latitude
- 28.413
- Longitude
- -80.7745
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].