Interconnected Retail
For Sale
Contact for pricing
804 & 806 Forrest Avenue, Cocoa, FL 32922
Flexible commercial property with two connected units, brick and masonry construction, and multiple permitted business applications.
Property Size3,088 SF
Price / SF$0.68
Days on Market84
Property Features for 804 & 806 Forrest Avenue
General Information
Standard status
Active
Size
3,088 SF
Total Parking Spaces
16
Zoning
1110 - Multiple Units Retail
Additional Details
Office Units
2
Amenities
two bathrooms
Building Details
Buildings
1
Building Size
3,088 SF
Construction
brick and masonry
Listing Agency:
RLL Real Estate Group
(321) 622-5106
Listed By:
Rachel DeCamp
(321) 403-7155
Source:
Startbrevardsearch
Added: Jul 25
Changed: Oct 6
Last Checked: Oct 16 at 8:56AM
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 RLL Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property comprises two interconnected commercial units totaling approximately 3,088 square feet. The brick and masonry building includes two bathrooms and a flexible interior arrangement that can accommodate retail shops, professional offices, storefront combinations, and service-based businesses. The property is zoned 1110 - Multiple Units Retail.
Located in historic Cocoa Village, the property is near boutiques, restaurants, entertainment venues, waterfront areas, major roadways, and the Indian River. Sixteen dedicated parking spaces support customer and employee access. The 804 and 806 Forrest Avenue address places the property within a walkable commercial district with community events and tourism activity.
Located in historic Cocoa Village, the property is near boutiques, restaurants, entertainment venues, waterfront areas, major roadways, and the Indian River. Sixteen dedicated parking spaces support customer and employee access. The 804 and 806 Forrest Avenue address places the property within a walkable commercial district with community events and tourism activity.
Key Highlights
- Two interconnected retail units totaling approximately 3,088 square feet
- Zoned 1110 - Multiple Units Retail
- Brick and masonry exterior with two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,602
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,040
$712.0K
Cap Rate 7%
$508,600
$508.6K
Cap Rate 9%
$395,578
$395.6K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$55.6K $18.00/SF
− Vacancy
−$4.7K −$1.53/SF
EGI
$50.9K $16.47/SF
− OpEx
−$15.3K −$4.94/SF
NOI
$35.6K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,040
Cap Rate 7%
$508,600
Cap Rate 9%
$395,578
Alternative Uses
Best Use
Office B
$600.3K
$525.3K – $700.4K
NOI $42,022 @ 7.0% cap · market cap 2,001.05%
Second Best
Retail
$508.6K
$445.0K – $593.4K
NOI $35,602 @ 7.0% cap · market cap 1,695.33%
Theoretical Best
Office A
$814.7K
$712.9K – $950.5K
NOI $57,029 @ 7.0% cap · market cap 2,715.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,027
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial property with two connected units, brick and masonry construction, and multiple permitted business applications.
Where is this retail space located?
The property is located at 804 & 806 Forrest Avenue Cocoa, FL.
What are key features of this property?
This property features: Two interconnected retail units totaling approximately 3,088 square feet; Zoned 1110 - Multiple Units Retail; Brick and masonry exterior with two bathrooms
