850 Cidco RdCocoa, FL 32926

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 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.

• 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

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