831 King StCocoa, FL 32922

Property Details for 831 King St

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

1,748 SF

Zone code

CG

Property type

Retail properties

APN

24-36-32-CB-00001.0-0001.00

APU

243632CB000010000100

Description

This 1,386 square foot warehouse, located at 831 W King St in Cocoa, Florida (zip code 32922), is available for sale with a leaseback option. The property, built in 1962, is classified as Class C and sits on a 0.22-acre lot. The building features 1,386 square feet of net rentable space, currently 100% occupied. The asking price is $344,000, translating to $251 per square foot. The property's zoning is commercial, allowing for mixed use. The space includes a 1,386 square foot showroom and retail area, along with 270 square feet of office space and a 1,100 square foot workshop. Convenient overhead doors are located at both the front and rear of the building. A fenced yard is also included. This property presents a unique opportunity for investors seeking a blend of industrial and commercial space in a desirable Cocoa location.

• CAP approach

  CAP return

  Valuation

  6%

  $667,779

  6.5%

  $616,412

  7%

  $572,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $717,159

  Geo Method

  $691,711

• Alternative Use

  Use

  Valuation

  Residential

  $519,966

  Hospitality

  $476,286

  Educational

  $396,265

  Medical

  $409,893

  Retail

  $616,412

Location Insight

City

Cocoa

County

Brevard

State

Florida

Latitude

28.3554

Longitude

-80.7411

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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