Residential Income Compound with
For Sale
$760,000
222 Rosa L Jones Dr, Cocoa, FL 32922
Fully furnished, fully fenced income compound with two furnished 1BR residences, detached cottage, and a climate-controlled warehouse.
Property Size2,358 SF
Price / SF$322.31
Days on Market275
Property Features for 222 Rosa L Jones Dr
General Information
Standard status
Active
Size
2,358 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Fenced Yard
Yes
Building Details
Year Built
2018
Listing Agency:
Real Broker, LLC
Listed By:
Lisa Lantrip · License #3241138
(321) 766-5674
Source:
Viewfloridabeachhouses
Added: Dec 7, 2025
Changed: Sep 8
Last Checked: Sep 8 at 4:39AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This fully furnished, fully fenced income compound includes four flexible spaces: two furnished 1BR residences, a detached cottage, and a 1,300+ SF climate-controlled warehouse. The warehouse is equipped with plumbing, HVAC, and electrical. The property is described as impact-rated construction with a metal roof.
The compound is offered for sale at 222 Rosa L Jones Dr in Cocoa, Florida, and is described as minutes from Cocoa Village.
As part of the transaction, the seller will lease the warehouse back for $1,000 per month for up to 2 years, providing continuity for the warehouse portion while new ownership transitions.
The compound is offered for sale at 222 Rosa L Jones Dr in Cocoa, Florida, and is described as minutes from Cocoa Village.
As part of the transaction, the seller will lease the warehouse back for $1,000 per month for up to 2 years, providing continuity for the warehouse portion while new ownership transitions.
Key Highlights
- Income compound built in 2018 with multiple flexible spaces, including two furnished 1BR residences, a detached cottage, and a 1,300+ SF climate‑controlled warehouse.
- Fully furnished and fully fenced compound designed to support multiple income streams from the on‑site residences and warehouse space.
- 1,300+ SF climate‑controlled warehouse includes plumbing, HVAC, and electrical, plus a seller leaseback of $1,000/mo for up to 2 years.
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
$26,854
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
3.53%
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%
$537,080
$537.1K
Cap Rate 7%
$383,629
$383.6K
Cap Rate 9%
$298,378
$298.4K
Market Conditions
NOI Build-Up for 2,358 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
$41.0K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$38.4K $16.27/SF
− OpEx
−$11.5K −$4.88/SF
NOI
$26.9K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$537,080
Cap Rate 7%
$383,629
Cap Rate 9%
$298,378
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.7K – $447.6K
NOI $26,854 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$344.8K
$301.7K – $402.3K
NOI $24,138 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$622.1K
$544.4K – $725.8K
NOI $43,548 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully furnished, fully fenced income compound with two furnished 1BR residences, detached cottage, and a climate-controlled warehouse.
Where is this triplex located?
The property is located at 222 Rosa L Jones Dr Cocoa, FL.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Income compound built in 2018 with multiple flexible spaces, including two furnished 1BR residences, a detached cottage, and a 1,300+ SF climate‑controlled warehouse.; Fully furnished and fully fenced compound designed to support multiple income streams from the on‑site residences and warehouse space.; 1,300+ SF climate‑controlled warehouse includes plumbing, HVAC, and electrical, plus a seller leaseback of $1,000/mo for up to 2 years.
