Concrete Block Commercial
71 N Orlando Avenue Cocoa Beach, FL 32931
71 N Orlando Avenue, Cocoa Beach, FL, 32931
$489,000
For Sale
$489,000
COMMERCIAL - Cocoa Beach, FL
Property Size1,460 SF
Lot Size0.11 Acres
Price / SF$334.93
Days on Market445
Property Features for 71 N Orlando Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- On Street, Off Street, Parking Lot
- Standard status
- Active
- APN
- 25-37-11-Db-00100.0-0024.03
- Size
- 1,460 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- COCOA BEACH OFFICE CONDO UNIT 3 COCOA BEACH OFFICE CONDO AS DESC IN ORB 1636 PG 91 AND ALL AMENDMENTS THERETO
- Tax Annual Amount
- 3168
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Terrazzo
- Building materials
- Block, Stucco
- Roof type
- Composition
Listing Agency
C. Apollo Realty Inc
(321) 784-9602
1485 N Atlantic Ave. #105, Cocoa Beach, FL
Listed by
Rebecca L Sparks · License #611940
(321) 784-9602
Added: Apr 29, 2025 Checked: Jul 17 at 9:06 pm
MLS# 1044620
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.
Investment Insights
Based on property information with market context.
Located at 71 N Orlando Avenue in Cocoa Beach, this for-sale commercial condo is a 1,460-square-foot, concrete block structure. The existing configuration is suited for commercial operations, and the property is described as having added potential for a second story, which could allow for expanded use above the current footprint.
The property is positioned for walkable beach proximity, with the beach noted as approximately 1,000 meters away. It is also described as being in a retail- and business-oriented area, supporting flexible commercial use planning within a local neighborhood context.
With commercial zoning in place, the space is presented as a fit for a range of operating models, including retail, hospitality, office, or a mixed-use approach. For buyers evaluating an owner-operator or redevelopment strategy, the key considerations are the existing concrete block construction and the opportunity to explore additional building capacity through a second-story concept, subject to applicable approvals. This combination of a durable, light-commercial structure and zoning-aligned use makes it practical for businesses and investors looking for a Cocoa Beach location with room to adapt the asset over time.
The property is positioned for walkable beach proximity, with the beach noted as approximately 1,000 meters away. It is also described as being in a retail- and business-oriented area, supporting flexible commercial use planning within a local neighborhood context.
With commercial zoning in place, the space is presented as a fit for a range of operating models, including retail, hospitality, office, or a mixed-use approach. For buyers evaluating an owner-operator or redevelopment strategy, the key considerations are the existing concrete block construction and the opportunity to explore additional building capacity through a second-story concept, subject to applicable approvals. This combination of a durable, light-commercial structure and zoning-aligned use makes it practical for businesses and investors looking for a Cocoa Beach location with room to adapt the asset over time.
Key Highlights
- 1,460 sq. ft. concrete block condo commercial structure built in 1958
- Potential for a second story to expand commercial use or residential buildout above
- Commercial zoning for retail, hospitality, office, or mixed‑use development
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.5k | $21.60 |
| − Vacancy | −$5.0k | −$3.46 |
| EGI | $26.5k | $18.14 |
| − OpEx | −$6.6k | −$4.54 |
| NOI | $19.9k | $13.61 |
1,460 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$283.8K
$248.4K – $331.1K
NOI $19,868 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$240.5K
$210.4K – $280.5K
NOI $16,832 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$385.2K
$337.0K – $449.4K
NOI $26,963 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Concrete block commercial condo near the beach, zoned for commercial use with potential for vertical expansion.
Where is this retail space located?
The property is located at 71 N Orlando Avenue Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 1,460 sq. ft. concrete block condo commercial structure built in 1958; Potential for a second story to expand commercial use or residential buildout above; Commercial zoning for retail, hospitality, office, or mixed‑use development
