Remodeled Mixed-Use
New
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 Market3
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
Last Checked: Sep 12 at 7:41AM
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 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 = 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
$38,764
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
3.98%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
829
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
