Renovated Office
For Sale
Contact for pricing
111 Cleveland Avenue, Cocoa Beach, FL 32931
A multi-room layout includes private offices, meeting space, reception, a break room, and three restrooms.
Property Size3,200 SF
Price / SF$1.79
Days on Market102
Property Features for 111 Cleveland Avenue
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Office
Additional Details
Condition
Newly Renovated
Road Access
Yes
Property Use
Office
Building Details
Year Built
1965
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Jul 21
Changed: Oct 29
Last Checked: Oct 29 at 2:42PM
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 Compass Florida, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,200 SF office suite in Cocoa Beach has more than 10 private offices, a conference room, reception and lobby areas, a break room, and three restrooms. Interior improvements include new walls, flooring, paint, and updated finishes. The floor plan can be reconfigured, and the landlord may consider tenant improvements for qualified tenants.
On-site parking serves the property, which is just off A1A. Retail, restaurants, and the Cocoa Beach business district are a short drive away.
On-site parking serves the property, which is just off A1A. Retail, restaurants, and the Cocoa Beach business district are a short drive away.
Key Highlights
- 3,200 SF office suite
- More than 10 private offices, plus a conference room
- Reception and lobby, break room, and three restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,546
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,920
$870.9K
Cap Rate 7%
$622,086
$622.1K
Cap Rate 9%
$483,844
$483.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$11.1K −$3.46/SF
EGI
$58.1K $18.14/SF
− OpEx
−$14.5K −$4.54/SF
NOI
$43.5K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,920
Cap Rate 7%
$622,086
Cap Rate 9%
$483,844
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 759.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 1,030.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
617
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-room layout includes private offices, meeting space, reception, a break room, and three restrooms.
Where is this office unit located?
The property is located at 111 Cleveland Avenue Cocoa Beach, FL.
What are key features of this property?
This property features: 3,200 SF office suite; More than 10 private offices, plus a conference room; Reception and lobby, break room, and three restrooms
