Remodeled Mixed-Use
For Sale
$975,000
1-41 N Orlando Ave, Cocoa Beach, FL 32931
Commercial salon space pairs with two residential units and permitted short-term rental use.
Property Size3,341 SF
Price / SF$291.83
Days on Market11
Property Features for 1-41 N Orlando Ave
General Information
Standard status
Active
Size
3,341 SF
Taxes and HOA fees
Annual Taxes
$7,541
Amenities
washer/dryer
storage space
private entrance
full kitchen
balconies
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Eric Shroble · License #3316533
(321) 626-6717
Source:
Exprealty
Added: Sep 9
Changed: Sep 18
Last Checked: Sep 18 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This remodeled mixed-use property combines a first-floor commercial area with two residential components. The commercial portion is arranged for salon operations and includes a dedicated bathroom, washer and dryer, and storage. A separate rear studio has its own entrance, full kitchen, and bathroom. Upstairs, the larger residence offers 3 bedrooms, 2 bathrooms, and 2 balconies.
Located at 1-41 N Orlando Ave in Cocoa Beach, the property is near the beach and surrounded by local businesses and destinations. Airbnb and other short-term rentals are allowed, supporting a range of commercial and residential occupancy configurations.
Located at 1-41 N Orlando Ave in Cocoa Beach, the property is near the beach and surrounded by local businesses and destinations. Airbnb and other short-term rentals are allowed, supporting a range of commercial and residential occupancy configurations.
Key Highlights
- Remodeled mixed‑use property with commercial and residential components
- First‑floor salon setup includes a separate bathroom, washer/dryer, and storage
- Rear studio has a private entrance, full kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,280
$775.3K
Cap Rate 7%
$553,771
$553.8K
Cap Rate 9%
$430,711
$430.7K
Market Conditions
NOI Build-Up for 3,341 SF
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.
Gross rent
$68.2K $20.40/SF
− Vacancy
−$6.1K −$1.84/SF
EGI
$62.0K $18.56/SF
− OpEx
−$23.3K −$6.96/SF
NOI
$38.8K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$775,280
Cap Rate 7%
$553,771
Cap Rate 9%
$430,711
Alternative Uses
Best Use
Mixed Use
$553.8K
$484.6K – $646.1K
NOI $38,764 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$550.3K
$481.5K – $642.0K
NOI $38,518 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,702 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial salon space pairs with two residential units and permitted short-term rental use.
Where is this mixed-use property located?
The property is located at 1-41 N Orlando Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Remodeled mixed‑use property with commercial and residential components; First‑floor salon setup includes a separate bathroom, washer/dryer, and storage; Rear studio has a private entrance, full kitchen, and bathroom
