5
Map
2075 W King Street
About This Property
land with 1,300+/- Ft. of Direct Frontage on SR 520. There
are 8.88 acres of useable commercial acreage and 67.09
acres of useable residential acreage.
• Zoning is City of Cocoa mixed-use, with 8.88 acres along the
SR 520 frontage of commercial land with 67 useable acres
of residential acreage directly behind, echanced by a
Beautiful Lake on Southern end of Property, which could be
perfect for Residential Development.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2019 | No longer available | - | |
| No longer available | |||
| Mar 22, 2019 | Relisted | $1,950,000 | |
| Relisted | |||
| Mar 21, 2019 | No longer available | - | |
| No longer available | |||
| Mar 19, 2019 | Sold | ||
| Sold | |||
| Sep 4, 2018 | Listed | $1,950,000 | |
| Listed | |||
| | |||
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The property offering includes 130+/- acres of mixed-useland with 1,300+/- Ft. of Direct Frontage on SR 520. Thereare 8.88 acres of useable commercial acreage and 67.09acres of useable residential acreage. Zoning is City of Cocoa mixed-use, with 8.88 acres along theSR 520 frontage of commercial land with 67 useable acresof residential acreage directly behind, echanced by aBeautiful Lake on Southern end of Property, which could beperfect for Residential Development.
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About Cocoa West
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 816170
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