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    2317 Cocoa 2317 Blvd Cocoa, FL 32922
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    2317 Cocoa 2317 Blvd Cocoa, FL 32922

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    • Mixed-use properties
    • 0.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 2317 Cocoa 2317 Blvd

    Year built
    1972
    Lot size
    0.13 lot acres
    Property type
    Mixed-use properties

    Description

    This versatile Cocoa, FL mixed-use property presents a compelling investment opportunity. Located off US-1 near the proposed Brightline station, this 0.13-acre lot boasts two remodeled duplex units (686 sq ft and 946 sq ft, each with 2 bedrooms and 2 bathrooms). The property includes four dedicated parking spaces and is zoned C-G General Commercial, allowing for diverse business ventures. Significant improvements since 2021 exceed $150,000 and include a new roof, fence, driveway repairs, and extensive plumbing and electrical upgrades. This encompasses new water and sewer lines, septic tank and drain field, water heaters, electric panels, and updated interior and exterior electrical components. Both units feature complete interior renovations: new LVP flooring, baseboards, walls, ceilings, doors, windows, closet doors, and updated bathrooms with new fixtures and finishes. New AC units, washer/dryer connections, and exterior wall repairs and painting complete the transformation. This property offers high visibility and traffic, making it ideal for both residential rental income and commercial operations. A motivated seller invites offers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.748
    Latitude
    28.3918

    Comparable in this City

    • Value Estimation by Request

      2317 Cocoa Blvd

      Multifamily properties
      2317 Cocoa Blvd, Cocoa, FL 32922
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    • Value Estimation by Request
      205,127 SF

      801 Dixon Blvd

      Lifestyle centers • 205,127 SF
      801 Dixon Blvd, Cocoa, FL 32922
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    • Value Estimation
      $3,045,000
      17,264 SF

      11 Riverside Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 17,264 SF
      11 Riverside Dr, Cocoa, FL 32922-7840
      View Details
    • Value Estimation by Request
      4,158 SF

      313 Delannoy Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,158 SF
      313 Delannoy Ave, Cocoa, FL 32922-8207
      View Details
    • Value Estimation by Request
      2,034 SF

      501 Florida Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,034 SF
      501 Florida Ave, Cocoa, FL 32922-7931
      View Details
    • Value Estimation
      $1,970,000
      19,345 SF

      117 Hughlett Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 19,345 SF
      117 Hughlett Ave, Cocoa, FL 32922-7671
      View Details

    Similar Nearby for Sale

    • $424,900
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      Mixed-Use Property with Lease Income

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    • $1,000,000
      8,712 SF

      Versatile Commercial Property in Cocoa

      8,712 SF mixed-use property with high visibility and accessibility.
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    Similar Nearby for Lease

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      6,000 SF

      Freestanding Cocoa Commercial Building For Rent

      6,000 SF commercial building with showroom and flex space.
      809 North Cocoa Blvd, Cocoa, FL 32922
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      Commercial Land for Lease

      3.08 acres of divisible land available for lease.
      1408 Peachtree St, Cocoa, FL 32922
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      Commercial Land for Lease

      1.40 Acres on US-1, Cocoa, FL
      301 S Cocoa Blvd, Cocoa, FL 32922
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      Cocoa Warehouse with Office Space

      Versatile warehouse with office, storage, and convenient access.
      324 Clearlake Rd, Cocoa, FL 32922
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    • Contact for pricing
      12,769 SF

      Warehouse Opportunity on Cocoa Blvd

      Warehouse space with loading dock and high traffic location.
      951 N Cocoa Blvd, Cocoa, FL 32922
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    • $10 SF/Yr
      1,380 SF

      Cocoa Boulevard Office Space

      Prime Cocoa location, updated office, 1380 sq ft.
      1811 Cocoa Blvd, Cocoa, FL 32922
      View Details
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    Cocoa, FL 32922
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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