Cape Canaveral Triplex For
For Sale
Contact for pricing
285 MONROE AVE, Cape Canaveral, FL 32920
Multifamily property with three units in Cape Canaveral.
Property Size4,560 SF
Price / SF$350.66
Days on Market149
Property Features for 285 MONROE AVE
General Information
Standard status
Active
Size
4,560 SF
Property subtype
Multifamily, Mixed Use, Special Purpose
Building Details
Year Built
1965
Buildings
2
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Denovo Realty
Listed By:
Nick F Farinella · License #FL536213
(321) 704-1600
Source:
Crexi
Added: May 18
Changed: Oct 10
Last Checked: Oct 12 at 7:54PM
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 Denovo Realty
Investment Insights
Based on property information with market context.
This multifamily property, located in Cape Canaveral, Florida, features three units. The property was listed for sale as of November 2, 2022. The building has a total area of 4560 square feet.
Key Highlights
- Multifamily property featuring 3 units
- Built in 1965
- Last sold on 11/02/2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,931
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,620
$1.0M
Cap Rate 7%
$741,871
$741.9K
Cap Rate 9%
$577,011
$577.0K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$79.3K $17.40/SF
− Vacancy
−$5.2K −$1.13/SF
EGI
$74.2K $16.27/SF
− OpEx
−$22.3K −$4.88/SF
NOI
$51.9K $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 Rate 5%
$1,038,620
Cap Rate 7%
$741,871
Cap Rate 9%
$577,011
Alternative Uses
Best Use
Multifamily LT 5
$741.9K
$649.1K – $865.5K
NOI $51,931 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$666.8K
$583.5K – $778.0K
NOI $46,679 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,214 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 32920, FL
9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with three units in Cape Canaveral.
Where is this triplex located?
The property is located at 285 MONROE AVE Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Multifamily property featuring 3 units; Built in 1965; Last sold on 11/02/2022
