Retail Property Near
For Sale
Contact for pricing
Pending
105 Cleveland Ave, Cocoa Beach, FL 32931
Multi-tenant retail property near A1A in Cocoa Beach, Florida.
Property Size6,840 SF
Days on Market237
Property Features for 105 Cleveland Ave
General Information
Standard status
Pending
Size
6,840 SF
Class
B
Property subtype
Office, Retail
Zoning
BU-1
Occupancy
29%
Investment Type
Owner/User
Net Operating Income
$4,986
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Alex Goodale · License #SL3582293
(407) 557-3802
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 2:41PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This multi-tenant retail property is located just one building east of the World Famous A1A in Cocoa Beach, Florida. The property offers a compelling owner-user or value-add investment opportunity. It features approximately 4,400 square feet of vacant space, suitable for an owner to occupy while generating income from the in-place tenant. The vacant space benefits from two separate entry doors, providing flexibility to subdivide into multiple suites and maximize leasing potential. The property was fully renovated in 2006 and has one tenant currently occupying 2,440 square feet. The property is located directly in the path of growth along the Space Coast, with projected 15% population growth over the next five years and 8,493 residents within a one-mile radius, supported by a strong median household income of $70,162. The total property size is 6,840 square feet.
Key Highlights
- Value‑add investment opportunity with 4,400 sq ft of vacant space for owner‑user or lease‑up.
- Located one building east of A1A in Cocoa Beach, Florida.
- Strong population growth projected (15% over 5 years) in the Space Coast area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,858
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,160
$1.6M
Cap Rate 7%
$1,126,543
$1.1M
Cap Rate 9%
$876,200
$876.2K
Market Conditions
NOI Build-Up for 6,840 SF
Gross rent
$123.1K $18.00/SF
− Vacancy
−$10.5K −$1.53/SF
EGI
$112.7K $16.47/SF
− OpEx
−$33.8K −$4.94/SF
NOI
$78.9K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,160
Cap Rate 7%
$1,126,543
Cap Rate 9%
$876,200
Alternative Uses
Best Use
Retail
$1.13M
$985.7K – $1.31M
NOI $78,858 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,321 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 33%
Hotels & Casinos 15%
Dining 11%
Publix
Groceries
37,542 visits/mo
0.5 miles
Dollar General
Shops & Services
14,427 visits/mo
0.2 miles
7-Eleven
Shops & Services
11,944 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,491 visits/mo
0.3 miles
Sunoco
Shops & Services
8,832 visits/mo
0.5 miles
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail property near A1A in Cocoa Beach, Florida.
Where is this retail space located?
The property is located at 105 Cleveland Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Value‑add investment opportunity with **4,400 sq ft of vacant space** for owner‑user or lease‑up.; Located one building east of A1A in Cocoa Beach, Florida.; Strong population growth projected (15% over 5 years) in the Space Coast area.
