Remodeled Mixed-Use
For Sale
$975,000
41 N Orlando Avenue 1, Cocoa Beach, FL 32931
Flexible Cocoa Beach property combining commercial space with two residential units and short-term rental eligibility.
Property Size3,341 SF
Price / SF$291.83
Days on Market48
Property Features for 41 N Orlando Avenue 1
General Information
Standard status
Active
Size
3,341 SF
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Eric Shroble · License #3316533
(321) 626-6717
Source:
Startbrevardsearch
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:32PM
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
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Investment Insights
Based on property information with market context.
This remodeled mixed-use property in Cocoa Beach contains 3,341 square feet across commercial and residential components. The first-floor commercial area is arranged for salon use and includes a separate bathroom, washer and dryer, and storage. A studio at the rear has its own entrance, full kitchen, and bathroom.
The second-floor residence offers three bedrooms, two bathrooms, and two balconies. Short-term rentals are allowed, providing flexibility across the residential portions. The property is located at 41 N Orlando Avenue, with the commercial and residential spaces integrated within one building.
The second-floor residence offers three bedrooms, two bathrooms, and two balconies. Short-term rentals are allowed, providing flexibility across the residential portions. The property is located at 41 N Orlando Avenue, with the commercial and residential spaces integrated within one building.
Key Highlights
- 3,341‑square‑foot remodeled mixed‑use property
- First‑floor commercial space configured for salon use
- Rear studio has a private entrance, full kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,764
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,280
$775.3K
Cap Rate 7%
$553,771
$553.8K
Cap Rate 9%
$430,711
$430.7K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$68.2K $20.40/SF
− Vacancy
−$6.1K −$1.84/SF
EGI
$62.0K $18.56/SF
− OpEx
−$23.3K −$6.96/SF
NOI
$38.8K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,280
Cap Rate 7%
$553,771
Cap Rate 9%
$430,711
Alternative Uses
Best Use
Mixed Use
$553.8K
$484.6K – $646.1K
NOI $38,764 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$550.3K
$481.5K – $642.0K
NOI $38,518 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$881.5K
$771.3K – $1.03M
NOI $61,702 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible Cocoa Beach property combining commercial space with two residential units and short-term rental eligibility.
Where is this mixed-use property located?
The property is located at 41 N Orlando Avenue 1 Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,341‑square‑foot remodeled mixed‑use property; First‑floor commercial space configured for salon use; Rear studio has a private entrance, full kitchen, and bathroom
