Historic Cocoa Retail
105-113 Brevard Ave Cocoa, FL 32922
105-113 Brevard Ave, Cocoa, FL, 32922
$2,900,000
For Sale
$2,900,000
85% occupied retail property in Historic Downtown Cocoa.
Property Size16,976 SF
Lot Size0.29 Acres
Price / SF$170.83
Days on Market113
Property Features for 105-113 Brevard Ave
General Information
- Standard status
- Active
- Size
- 16,976 SF
- Lot size
- 0.29 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1923
Listing agency
(561) 827-3044
Listed by
Dylan Morse · License #FL #SL3500133
(561) 827-3044
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
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 Dylan Morse
Investment Insights
Based on property information with market context.
Located in the heart of Historic Downtown Cocoa, 105–113 Brevard Avenue is a multi-tenant retail property with 85% occupancy. The building, constructed in 1923, totals 16,976 square feet and is situated on a 0.29-acre lot. It comprises six retail units, with five currently occupied by tenants. This occupancy rate provides an opportunity for increased income through the lease-up of the vacant space. The existing leases are structured as NNN, meaning tenants are responsible for taxes, insurance, and common area maintenance. The property benefits from its location on historic Brevard Avenue, which generates strong foot traffic and proximity to Cocoa Riverfront Park, the Central Brevard Library, and Historic Cocoa Village. The surrounding area has over 95,000 residents within a 5-mile radius, with an average household income of $95,214. The property offers architectural charm combined with modern tenant utility. Annual rent increases ranging from 4-6% provide built-in income growth.
Key Highlights
- 85% Occupancy with long‑term NNN leases
- Located in the heart of Historic Downtown Cocoa near Cocoa Riverfront Park
- Significant upside potential through lease‑up of vacant space
Local Financial Insights For Retail
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 | $305.6k | $18.00 |
| − Vacancy | −$26.0k | −$1.53 |
| EGI | $279.6k | $16.47 |
| − OpEx | −$83.9k | −$4.94 |
| NOI | $195.7k | $11.53 |
16,976 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.26M
NOI $195,716 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,513 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Cocoa Town Plaza — 463 Forrest Ave, Cocoa, FL 32922
- 226 King Street — 226 W King St, Cocoa, FL 32922
FAQs
What type of property is this?
Shopping center - 85% occupied retail property in Historic Downtown Cocoa.
Where is this shopping center located?
The property is located at 105-113 Brevard Ave Cocoa, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 85% Occupancy with long‑term NNN leases; Located in the heart of Historic Downtown Cocoa near Cocoa Riverfront Park; Significant upside potential through lease‑up of vacant space
