Renovated Short-Term Rental
For Sale
$729,000
125 N N Brevard Avenue B, Cocoa Beach, FL 32931
Two-level townhome offers two bedrooms, two full bathrooms, and one half bathroom.
Property Size3,004 SF
Price / SF$242.68
Days on Market10
Property Features for 125 N N Brevard Avenue B
General Information
Standard status
Active
Size
3,004 SF
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Amenities
deck
picnic area
Listing Agency:
Walker Bagwell Properties Ltd
(321) 868-3151
Listed By:
James W Bagwell · License #3017926
Source:
Startbrevardsearch
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 8:51AM
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 Walker Bagwell Properties Ltd
Investment Insights
Based on property information with market context.
This renovated townhome is configured with two bedrooms on the upper level, along with a full bathroom upstairs and a half bathroom below. The property also includes a rear deck with a sitting area and picnic area.
Located at 125 N N Brevard Avenue, B, in Cocoa Beach, the townhome is within walking distance of the beach, restaurants, bars, and local special events. The unit operates as a weekly rental.
Located at 125 N N Brevard Avenue, B, in Cocoa Beach, the townhome is within walking distance of the beach, restaurants, bars, and local special events. The unit operates as a weekly rental.
Key Highlights
- Renovated townhome with two upstairs bedrooms
- Two full bathrooms plus one half bathroom
- Rear deck with sitting and picnic areas
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
$30,751
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
4.22%
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%
$615,020
$615.0K
Cap Rate 7%
$439,300
$439.3K
Cap Rate 9%
$341,678
$341.7K
Market Conditions
NOI Build-Up for 3,004 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
$59.5K $19.80/SF
− Vacancy
−$3.6K −$1.19/SF
EGI
$55.9K $18.61/SF
− OpEx
−$25.2K −$8.38/SF
NOI
$30.8K $10.24/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$615,020
Cap Rate 7%
$439,300
Cap Rate 9%
$341,678
Alternative Uses
Best Use
Apartment 5plus
$439.3K
$384.4K – $512.5K
NOI $30,751 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.5K
$693.5K – $924.6K
NOI $55,478 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
862
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two-level townhome offers two bedrooms, two full bathrooms, and one half bathroom.
Where is this short term rental property located?
The property is located at 125 N N Brevard Avenue B Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Renovated townhome with two upstairs bedrooms; Two full bathrooms plus one half bathroom; Rear deck with sitting and picnic areas
