414 High Point DrCocoa, FL 32926

Property Details for 414 High Point Dr

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

4,756 SF

Zone code

BU-1

Property type

Office properties

Property subtype

Office buildings

APN

24-36-17-25-0000A.0-0002.00

APU

243617250000A0000200

Description

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.

• 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

Property Tax & Assessments

FAQs

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