Building Details

Year Built 1955

Listing Agency: Compass Florida, LLC b***@compass.com Show Phone

Listed By: Bobby Freeman · License #3076980 Show Phone

Source: Mccoyfreeman

Added: Jan 25, 2024 Changed: Oct 29 Last Checked: Oct 29 at 2:46PM

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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

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Investment Insights

Based on property information with market context.

This 2,133-square-foot storefront occupies a corner parcel along A1A in downtown Cocoa Beach. Built in 1955, the property is positioned on the right-hand side for southbound traffic. Mixed-use occupancy is allowed within the downtown Cocoa Beach Tax District.

Key Highlights

• 2,133‑square‑foot storefront built in 1955
• Corner location along A1A in downtown Cocoa Beach
• Mixed use allowed in the downtown Cocoa Beach Tax District

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,591

Cap Rate

3.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,820 $491.8K

Cap Rate 7%

$351,300 $351.3K

Cap Rate 9%

$273,233 $273.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,133 SF

Gross rent

$38.4K $18.00/SF

− Vacancy

−$3.3K −$1.53/SF

EGI

$35.1K $16.47/SF

− OpEx

−$10.5K −$4.94/SF

NOI

$24.6K $11.53/SF

Area

Brevard County, FL

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,820

Cap Rate 7%

$351,300

Cap Rate 9%

$273,233

Alternative Uses

Best Use

Retail

$351.3K

$307.4K – $409.9K (±1% cap)

NOI $24,591 @ 7.0% cap · market cap 3.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$562.7K

$492.4K – $656.5K (±1% cap)

NOI $39,392 @ 7.0% cap · market cap 5.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Chickie's Closed Hair Salon

Suggested Use

Top Pick Electrical Service Pharmacy (Bike/Boat/Book/etc) Store Locksmith Plumbing Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

885

Businesses Nearby

53k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Dining 34% Home Improvements & Furnishings 13%

Dunkin' Donuts Dining

10,553 visits/mo 0.4 miles

Dollar General Shops & Services

9,009 visits/mo 0.4 miles

Chevron Shops & Services

6,730 visits/mo 0.2 miles

Ace Handiman Hardware Home Improvements & Furnishings

6,723 visits/mo 0.4 miles

Sunoco Shops & Services

6,342 visits/mo 0.4 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Mixed-use occupancy is permitted within the downtown Cocoa Beach tax district.

Where is this storefront property located?

The property is located at 174 N Orlando Avenue Cocoa Beach, FL.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 2,133‑square‑foot storefront built in 1955; Corner location along A1A in downtown Cocoa Beach; Mixed use allowed in the downtown Cocoa Beach Tax District