1970 Michigan AveCocoa, FL 32922

  • Office properties
  • 1,200 SF
For Lease
$15/SF/YR View listing

Property Details for 1970 Michigan Ave

Year built
1978
Construction
WOOD
Lot size
7.31 AC
Property size (Sq ft)
1,200 SF
Zone code
CN
Property type
Office properties
Property subtype
Office buildings
APN
24-36-17-00-00519.0-0000.00
APU
9223372036854775807

Description

Woodland Commons offers exceptional office leasing opportunities in a tranquil setting. This Class B office complex, built in 1986, totals 10,308 square feet and sits on 7.31 acres of land, zoned CG. The property features multiple tenancies with 16,772 square feet currently vacant. Spaces are available in flexible sizes, ranging from a minimum of 339 square feet to a maximum contiguous space of 9,588 square feet, accommodating businesses of various sizes. The thoughtfully landscaped grounds create a serene and productive work environment. The secluded location offers enhanced privacy and security, potentially appealing to businesses requiring confidentiality. This property presents a unique opportunity to establish your business in a peaceful yet accessible location. The building's traditional office layout provides a professional atmosphere. Interested parties should inquire about available spaces and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $302,936
    6.5%
    $279,634
    7%
    $259,660
  • Comparable approach

    Method
    Valuation
    Relative Method
    $198,888
    Geo Method
    $188,436
  • Alternative Use

    Use
    Valuation
    Residential
    $346,746
    Hospitality
    $317,617
    Educational
    $264,254
    Medical
    $273,342
    Retail
    $411,061
1970 Michigan Ave, Cocoa, Florida

Location Insight

City
Cocoa
County
Brevard
State
Florida
Latitude
28.3899
Longitude
-80.7538
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
$54,120
$509,210
$2,552,740
$3,061,950
-
$509,210
$2,552,740
$3,061,950

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