Front-Glassed Office
For Sale
$1,350,000
625 Brevard Avenue 627 629 COCOA, Cocoa, FL 32922
Frontage glass office configuration with front-facing space, back storage, and ample on-site parking in Cocoa Village.
Property Size4,081 SF
Price / SF$339.37
Days on Market47
Property Features for 625 Brevard Avenue 627 629 COCOA
General Information
Standard status
Active
Size
4,081 SF
Taxes and HOA fees
Annual Taxes
$12,261
Amenities
true
Display Window(s)
Public Records
Central Business District,Historic District,City Lot,Neighbourhood,Street Lights
Public
16552
0.38
false
Common,Curb Parking
Paved,Asphalt
Slab
Street Lights,Street Paved,City Street
4081
1
Building Details
Building Size
4,081 SF
Year Built
1951
Buildings
1
Listing Agency:
(904) 569-5862
Listed By:
Kylee Shaw
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 22 at 3:43AM
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 Kylee Shaw
Investment Insights
Based on property information with market context.
This offering consists of commercial office space with storefront-style, frontage glass offices designed for visibility. The layout includes a larger front area that supports customer or client-facing presence, along with bathrooms and storage located toward the rear.
The property is located in the heart of Cocoa Village on the main frontage along Brevard Ave., providing direct street presence. The site also provides ample parking, which supports convenient access for visitors, employees, and daily business traffic.
With its combination of display-oriented front glazing, functional back-of-house space for storage, and on-site parking, this configuration can fit professional office users seeking a prominent village-area address. For buyers evaluating office ownership as part of the Cocoa Village business community, the public-facing design and practical interior arrangement are key considerations.
The property is located in the heart of Cocoa Village on the main frontage along Brevard Ave., providing direct street presence. The site also provides ample parking, which supports convenient access for visitors, employees, and daily business traffic.
With its combination of display-oriented front glazing, functional back-of-house space for storage, and on-site parking, this configuration can fit professional office users seeking a prominent village-area address. For buyers evaluating office ownership as part of the Cocoa Village business community, the public-facing design and practical interior arrangement are key considerations.
Key Highlights
- Frontage glass commercial office configuration in Cocoa Village on Brevard Ave
- 1‑building office with 4,081 total building area and slab foundation
- Front‑facing display/office space with bathrooms at the front and storage in the back
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
$54,133
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
4.01%
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%
$1,082,660
$1.1M
Cap Rate 7%
$773,329
$773.3K
Cap Rate 9%
$601,478
$601.5K
Market Conditions
NOI Build-Up for 3,978 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
$85.9K $21.60/SF
− Vacancy
−$13.7K −$3.46/SF
EGI
$72.2K $18.14/SF
− OpEx
−$18.0K −$4.54/SF
NOI
$54.1K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,082,660
Cap Rate 7%
$773,329
Cap Rate 9%
$601,478
Alternative Uses
Best Use
Office B
$773.3K
$676.7K – $902.2K
NOI $54,133 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$918.3K – $1.22M
NOI $73,466 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
570
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Frontage glass office configuration with front-facing space, back storage, and ample on-site parking in Cocoa Village.
Where is this office units located?
The property is located at 625 Brevard Avenue 627 629 COCOA Cocoa, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Frontage glass commercial office configuration in Cocoa Village on Brevard Ave; 1‑building office with 4,081 total building area and slab foundation; Front‑facing display/office space with bathrooms at the front and storage in the back
