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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,166,093
6.5%
$1,076,393
7%
$999,508
Comparable approach
Method
Valuation
Relative Method
$802,086
Geo Method
$746,835
Alternative Use
Use
Valuation
Residential
$1,334,728
Hospitality
$1,222,604
Educational
$1,017,192
Medical
$1,052,175
Retail
$1,582,298
Location Insight
City
Cocoa
County
Brevard
State
Florida
Latitude
28.4029
Longitude
-80.7532
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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