Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cocoa Beach Retail Opportunity Title is generated by Realmo AI

    105 Cleveland Ave, Cocoa Beach, FL 32931

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    Multi-tenant retail property in Cocoa Beach with value-add potential.

    Type:Shopping Strip
    Property size:
    6,840 SF
    Price / SF:
    $175/SF
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:34 am

    Property Features for 105 Cleveland Ave

    General Information

    Standard status
    Active
    Size
    6,840 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Alex Goodale

    Listing agent Alex Goodale License #FL: SL3582293

    Listing office Orlando Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Orlando Office

    HighLights

    • Value‑add opportunity with 4,400 sq ft of vacant space, ideal for owner‑user or increased rental income.
    • Located in a high‑growth area of Cocoa Beach, Florida, with a projected 15% population increase in the next five years.
    • Strong demographics with 8,493 residents within a one‑mile radius and a median household income of $70,162.
    • Below market price at approximately $175 per square foot in a land‑constrained coastal market.
    • Proximity to A1A, a world‑famous location, enhances visibility and desirability.
    • Submarket retail rents average $19.70/SF, offering upside potential upon lease‑up.

    Overview

    This multi-tenant retail property is located just east of A1A in Cocoa Beach, Florida. The property presents a compelling opportunity for an owner-user or value-add investment. It features approximately 4,400 square feet of vacant space, suitable for an owner to occupy while generating income from an existing tenant. The vacant space includes two separate entry doors, offering the 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 in an area with projected population growth of 15% over the next five years and has 8,493 residents within a one-mile radius, supported by a median household income of $70,162. Submarket retail rents average $19.70 per square foot, offering upside upon lease-up and stabilization. The property contains a total of 6,840 square feet.

    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 $123.1k $18.00
    − Vacancy −$10.5k −$1.53
    EGI $112.7k $16.47
    − OpEx −$33.8k −$4.94
    NOI $78.9k $11.53
    6,840 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.13M
    $985.7K – $1.31M (±1% cap)
    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 (±1% cap)
    NOI $126,321 @ 7.0% cap · market cap 10.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.6049171
    Latitude
    28.3752834

    Nearby Similar for Sale

    • $1,950,000
      16,606 SF

      Mixed-Use Building Near Atlantic Ocean

      18,000+/- SF mixed-use building in Cocoa Beach, Florida.
      1900 S Atlantic Avenue, Cocoa Beach, FL 32931
      View Details
    • $729,000
      3,004 SF

      Cocoa Beach Townhome Rental

      Renovated townhome near beach, restaurants, and events.
      125 N Brevard Avenue N, Cocoa Beach, FL 32931
      View Details
    • $650,000
      1,590 SF

      Cocoa Beach Coastal Triplex

      Turnkey triplex near the beach, successful Airbnb, income potential.
      315 Arthur Avenue, Cocoa Beach, FL 32931
      View Details
    • $995,000
      1,040 SF

      Turn-Key Office Showroom Property

      Fully renovated office showroom with included marine-related assets for a seamless step-in operation.
      342 N Orlando Avenue Re & Business, Cocoa Beach, FL 32931
      View Details
    • $849,999

      Mixed-Use Parcel in Cocoa Beach

      Mixed-use property in vibrant downtown Cocoa Beach with commercial and residential potential.
      118 N ATLANTIC Ave, Cocoa Beach, FL 32931
      View Details
    • $799,999

      Cocoa Beach Mixed-Use Opportunity

      Mixed-use parcel in vibrant downtown Cocoa Beach.
      118 N Atlantic Avenue, Cocoa Beach, FL 32931
      View Details
    • $489,000
      1,460 SF

      Cocoa Beach Commercial Opportunity

      Premier commercial property in high-traffic Cocoa Beach location, steps from beach.
      71 N Orlando Avenue, Cocoa Beach, FL 32931
      View Details
    • $1,950,000
      18,000 SF

      Versatile Warehouse Near Atlantic Ocean

      18,000 SF mixed-use industrial building across from the Atlantic Ocean.
      1900 S. ATLANTIC Ave, Cocoa Beach, FL 32931
      View Details
    • $41,500
      589 SF

      Turnkey Salon Space

      For sale beauty salon setup with space for six stylists, reception, and included equipment plus utilities and parking.
      1980 N Atlantic Avenue, Cocoa Beach, FL 32931
      View Details
    • $439,900

      Renovated Condo with River View

      Fully renovated condominium with river views, seller financing available.
      3165 N ATLANTIC AVE A301, Cocoa Beach, FL 32931
      View Details
    • $1,200,000
      2,076 SF

      Cocoa Beach Restaurant For Sale

      Remodeled restaurant with indoor and outdoor dining in Cocoa Beach.
      142 N Atlantic Ave, Cocoa Beach, FL 32931
      View Details
    • $1,200,000
      6,840 SF

      Retail Property Near A1A

      Multi-tenant retail property near A1A in Cocoa Beach, Florida.
      105 Cleveland Ave, Cocoa Beach, FL 32931
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail property in Cocoa Beach with value-add potential.
    Where is this strip mall 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 opportunity with **4,400 sq ft of vacant space**, ideal for owner‑user or increased rental income.; Located in a high‑growth area of Cocoa Beach, Florida, with a projected 15% population increase in the next five years.; Strong demographics with 8,493 residents within a one‑mile radius and a median household income of $70,162.
    (407) 557-3802
    We can help!
    Listing Contact
    Alex Goodale
    Real Estate License ID: FL: SL3582293
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    105 Cleveland Ave, Cocoa Beach, FL 32931
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!