831 King StCocoa, FL 32922

  • Retail properties
  • 1,748 SF
For Sale
$344,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
831 King St, Cocoa, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,942
$23,750
$47,080
$70,830
-
$23,750
$47,080
$70,830

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