Rockledge Duplex Investment
For Sale
Contact for pricing
Pending
840 ANGELA AVE, Rockledge, FL 32955
Income-producing duplex near Port Canaveral and Cocoa Beach.
Property Size2,266 SF
Days on Market166
Property Features for 840 ANGELA AVE
General Information
Standard status
Pending
Size
2,266 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
R-3
Building Details
Year Built
1985
Units
2
Listing Agency:
Equitable Company Realtors
Listed By:
Juan Martinez · License #3634300
Source:
Crexi
Added: Mar 7
Changed: Aug 8
Last Checked: Jul 26 at 3:03PM
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 Equitable Company Realtors
Investment Insights
Based on property information with market context.
This duplex is located in Rockledge, Florida, within Brevard County. The property is an income-producing property with two units. Each unit includes 2 bedrooms and 2 bathrooms. The duplex layout is suitable for investors seeking rental income or homeowners who want to live in one unit and rent out the other. The location provides access to Port Canaveral, Kennedy Space Center, and the beaches of Cocoa Beach, with proximity to employers, entertainment, dining, and Space Coast attractions. The property size is 2266 square feet.
Key Highlights
- Income‑producing duplex in Rockledge, Florida.
- Each unit features 2 bedrooms and 2 bathrooms.
- Ideal for rental income or owner‑occupancy with rental potential.
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
$25,806
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
6.70%
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%
$516,120
$516.1K
Cap Rate 7%
$368,657
$368.7K
Cap Rate 9%
$286,733
$286.7K
Market Conditions
NOI Build-Up for 2,266 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
$39.4K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$36.9K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$25.8K $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 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%
$516,120
Cap Rate 7%
$368,657
Cap Rate 9%
$286,733
Alternative Uses
Best Use
Multifamily LT 5
$368.7K
$322.6K – $430.1K
NOI $25,806 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$331.4K
$290.0K – $386.6K
NOI $23,196 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$597.8K
$523.1K – $697.5K
NOI $41,848 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex near Port Canaveral and Cocoa Beach.
Where is this duplex located?
The property is located at 840 ANGELA AVE Rockledge, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Income‑producing duplex in Rockledge, Florida.; Each unit features 2 bedrooms and 2 bathrooms.; Ideal for rental income or owner‑occupancy with rental potential.
