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    The Largest CRE Database in the US with Over 1 Million Listings

    222 Rosa L Jones Dr Cocoa, FL 32922

    Sponsored
    For Sale
    $775,000

    MULTI_FAMILY - Cocoa, FL

    Property size:
    2,358 SF
    Lot size:
    0.32 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 10:06 am

    Property Features for 222 Rosa L Jones Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security System
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4
    Bedrooms
    4
    Bathrooms
    1
    APN
    24-36-33-80-00014.0-0008.01
    Parking features
    Garage, Open, RV
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
    Size
    2,358 SF
    Lot size
    0.32 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2018
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Concrete, Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Lisa Lantrip
    Lisa Lantrip

    Real Broker LLC (855) 450-0442

    Listing agent Lisa Lantrip (855) 450-0442

    Listing date Jan 23, 2026

    MLS# 1066739 Listing URL

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cocoa Income Property For Sale

    Built in 2018, this four-unit income property is located approximately a third of a mile from Cocoa Village. Situated on a 0.32-acre parcel, the property is fully fenced, providing privacy and controlled access. The property is suitable for short-term rental operations, owner-operators, or specialty-use investors. Three units are under a single roofline, each with its own electrical service. One unit is stabilized with an annual lease, and another is operating as a short-term rental. One unit is currently used as a motor-coach storage garage but includes full plumbing, electrical, HVAC, and commercial-grade infrastructure to allow conversion into a two-story living space. The detached rear cottage has 2 bedrooms and 2 bathrooms, including a private outdoor living area within the fenced grounds. The entire property was wind-load engineered as a hurricane-resistant structure rated to 160 mph, featuring impact-rated doors, windows, and roof. Construction highlights include commercial-spec electrical conduit and switch gear, Trane high-efficiency central AC systems with transferable warranties, LED lighting throughout, concrete paving across the parking area, and a city-supplied reuse-water irrigation system. The oversized 1,300+ sq ft RV/garage structure under air includes 50-amp RV and welding circuits, RV sewer tap, interior water hookups, generator transfer switch, and dual garage door access, and a 5-ton York AC system. The property is located near Cocoa Village's dining, boutique shopping, live music, art shows, and community events. The property has a total size of 2,358 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.729683
    Latitude
    28.350753

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit income property near Cocoa Village, ideal for investors.
    Where is this multifamily property located?
    The property is located at 222 Rosa L Jones Dr Cocoa, FL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Income-producing four-unit compound with short-term rental potential and existing annual lease.; - Located just a third of a mile from Cocoa Village's dining, shopping, and entertainment.; - Hurricane-resistant construction (160 mph wind rating) with impact-rated doors, windows, and roof.
    (321) 766-5674
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    222 Rosa L Jones Dr Cocoa, FL 32922
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    Cocoa, FL 32922
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    222 Rosa L Jones Dr Cocoa, FL 32922
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    We can help!
    Listing Contact
    Lisa Lantrip
    Lisa Lantrip
    Real Estate License ID: 3241138
    (321) 766-5674
    Learn more
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