Auto Body Shop with Live
For Sale
$2,200,000
150 Orlando Avenue, Cocoa Beach, FL 32931
Concrete block building with newer roof, four roll-up doors, living quarters, and rear alley drive-up access.
Property Size5,000 SF
Price / SF$440
Days on Market214
Property Features for 150 Orlando Avenue
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Mixed Use
Zoning
TC - Town Center
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,976
Amenities
on-site living quarters
public alley access
3
Concrete
Membrane
Garage.
Building Details
Year Built
1980
Construction
concrete block
Listing Agency:
(818) 281-5032
Listed By:
Keller Williams Space Coast
(818) 281-5032
Source:
Xome
Added: Jan 10
Changed: Aug 8
Last Checked: Aug 12 at 3:56AM
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 Keller Williams Space Coast
Investment Insights
Based on property information with market context.
This approximately 5,000 SF concrete block building includes a newer roof, four roll-up doors, and on-site living quarters, supporting a flexible live/work commercial setup. The property is currently operating as an auto body shop in Cocoa Beach, and the tools and machinery convey, providing an immediate owner-operator transition.
A public alley offers convenient rear drive-up access, which can support automotive, service, or light industrial use. The property is located two blocks from the ocean and steps to downtown Cocoa Beach.
Zoned TC – Town Center, the property supports a range of uses including retail, restaurant, office, residential, hospitality, and mixed-use development. Allowable height is up to 45 feet.
A public alley offers convenient rear drive-up access, which can support automotive, service, or light industrial use. The property is located two blocks from the ocean and steps to downtown Cocoa Beach.
Zoned TC – Town Center, the property supports a range of uses including retail, restaurant, office, residential, hospitality, and mixed-use development. Allowable height is up to 45 feet.
Key Highlights
- Approx. 5,000 SF concrete block commercial building with newer membrane roof (year built 1980)
- Four roll‑up doors plus a public alley for rear drive‑up access
- On‑site living quarters for live/work flexibility
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
$68,040
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
3.09%
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%
$1,360,800
$1.4M
Cap Rate 7%
$972,000
$972.0K
Cap Rate 9%
$756,000
$756.0K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$17.3K −$3.46/SF
EGI
$90.7K $18.14/SF
− OpEx
−$22.7K −$4.54/SF
NOI
$68.0K $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 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%
$1,360,800
Cap Rate 7%
$972,000
Cap Rate 9%
$756,000
Alternative Uses
Best Use
Office B
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 3.09%
Second Best
Mixed Use
$828.8K
$725.2K – $966.9K
NOI $58,013 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,340 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
88
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Concrete block building with newer roof, four roll-up doors, living quarters, and rear alley drive-up access.
Where is this live-work space located?
The property is located at 150 Orlando Avenue Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approx. 5,000 SF concrete block commercial building with newer membrane roof (year built 1980); Four roll‑up doors plus a public alley for rear drive‑up access; On‑site living quarters for live/work flexibility
