Freestanding Storefront
New
For Sale
$750,000
91 Forrest Ave, Cocoa, FL 32922
C-C zoning and a standalone configuration define this commercial retail property.
Property Size3,264 SF
Price / SF$229.78
Days on Market2
Property Features for 91 Forrest Ave
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Retail
Zoning
C-C
Additional Details
Corner Location
Yes
Building Details
Building Size
3,264 SF
Year Built
1972
Buildings
1
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 419-9088
Listed By:
Vitor De Sousa, CCIM · License #FL #BK3478927
(321) 419-9088
Source:
Teamlbr
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 1:32PM
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 Lightle Beckner Robison, Inc.
Investment Insights
Based on property information with market context.
Located at 91 Forrest Ave in Cocoa, Florida, this freestanding storefront property contains 3,264 square feet of commercial space. The building dates to 1972 and is identified for commercial use under C-C zoning.
The property is positioned in the Cocoa area and is offered for sale. Its standalone format and retail-oriented classification provide a straightforward commercial building profile for ownership or occupancy considerations.
The property is positioned in the Cocoa area and is offered for sale. Its standalone format and retail-oriented classification provide a straightforward commercial building profile for ownership or occupancy considerations.
Key Highlights
- 3,264 SF freestanding storefront property
- Built in 1972
- C‑C zoning for commercial use
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
$37,631
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
5.02%
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%
$752,620
$752.6K
Cap Rate 7%
$537,586
$537.6K
Cap Rate 9%
$418,122
$418.1K
Market Conditions
NOI Build-Up for 3,264 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
$58.8K $18.00/SF
− Vacancy
−$5.0K −$1.53/SF
EGI
$53.8K $16.47/SF
− OpEx
−$16.1K −$4.94/SF
NOI
$37.6K $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 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%
$752,620
Cap Rate 7%
$537,586
Cap Rate 9%
$418,122
Alternative Uses
Best Use
Retail
$537.6K
$470.4K – $627.2K
NOI $37,631 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.1K
$753.5K – $1.00M
NOI $60,280 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 24%
Home Improvements & Furnishings 2%
Truist
Shops & Services
5,407 visits/mo
0.3 miles
Mobil
Shops & Services
5,378 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,545 visits/mo
0.4 miles
Dunkin' Donuts
Dining
4,408 visits/mo
0.3 miles
AutoZone
Shops & Services
2,920 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Patinaed & Co — 631 Brevard Ave AB, Cocoa, FL 32922
- Carousel Florist — 990 Rockledge Blvd, Rockledge, FL 32955
- A Basket Of Love Florist — 812 S Cocoa Blvd, Cocoa, FL 32922
- Deluxe Flowers — 646 Brevard Ave, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Storefront property - C-C zoning and a standalone configuration define this commercial retail property.
Where is this storefront property located?
The property is located at 91 Forrest Ave Cocoa, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,264 SF freestanding storefront property; Built in 1972; C‑C zoning for commercial use
