Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    229 Forrest Ave Cocoa, FL 32922-7764

    • Retail space
    • 6,414 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Jan 12, 2021
    $400,000
    Location Intelligence
    Property ID
    US18-2191084
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sails By Morgan / Store
    • Florida Shade Maker / Awning Supplier / Window Treatment Store

    Property Details for 229 Forrest Ave

    Year built
    1935
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    6,414 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    24-36-33-01-00000.0-0017.03
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $405,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $475,000
      Mixed-Use
      $495,000
      Hospitality
      $375,000
      Educational
      $455,000
      Residential Income
      $450,000
      Energy
      $385,000
      Income-Based Land
      $480,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7307
    Latitude
    28.359
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,872
    $37,540
    $354,790
    $392,330
    -
    $37,540
    $354,790
    $392,330

    Comparable in this City

    • Value Estimation by Request
      2,177 SF

      225 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,177 SF
      225 Clearlake Rd, Cocoa, FL 32922-8650
      View Details
    • Value Estimation by Request
      13,484 SF

      1343 King St

      Individual retail properties • 13,484 SF
      1343 King St, Cocoa, FL 32922
      View Details
    • Value Estimation by Request
      7,302 SF

      1111 King St

      RETAIL STORES (PERSONAL SERVICES) • 7,302 SF
      1111 King St, Cocoa, FL 32922-8617
      View Details
    • Value Estimation
      $875,000
      6,422 SF

      1401 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,422 SF
      1401 Clearlake Rd, Cocoa, FL 32922-6580
      View Details
    • Value Estimation
      $385,000
      2,236 SF

      1208 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,236 SF
      1208 Clearlake Rd, Cocoa, FL 32922-4417
      View Details
    • Value Estimation
      $225,000
      3,366 SF

      519 Cocoa Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,366 SF
      519 Cocoa Blvd, Cocoa, FL 32922-7655
      View Details

    Similar Nearby for Sale

    • $1,150,000
      3,978 SF

      Cocoa Village Commercial Office Space

      Commercial office space in the heart of Cocoa Village.
      625 629, Cocoa, FL 32922
      View Details
    • $3,500,000
      4,800 SF

      Versatile Commercial Property in Cocoa, FL

      9-acre commercial property with warehouse, ideal for diverse business ventures.
      137 Clearlake Rd, Cocoa, FL 32922
      View Details
    • $900,000
      18,188 SF

      Retail Building Near Sav-A-Lot

      Two-story retail building in shell condition near O'Reilly Auto.
      1339 W Point Dr, Cocoa, FL 32922
      View Details
    • Contact for pricing
      8,400 SF

      Retail Property on King Street

      Retail property with high traffic and ample parking.
      1049 W King St, Cocoa, FL 32922
      View Details
    • $995,000
      4,000 SF

      Cocoa Retail/Warehouse Opportunity

      4,000 SF building with retail and warehouse space.
      308 Willard St, Cocoa, FL 32922
      View Details
    • $825,000

      Retail Property with Two Buildings

      Two-building retail property with central location and easy highway access.
      205 Thompson Ave, Cocoa, FL 32922
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      372 SF

      Historic Cocoa Village Retail Space

      Retail space for lease in historic Cocoa Village.
      315-319 Brevard Ave, Cocoa, FL 32922
      View Details
    • $14 SF/Yr
      650 SF

      Retail Space in Cocoa Center

      Retail space available in busy Cocoa retail center.
      1102-1114 Lake Dr, Cocoa, FL 32922
      View Details
    • $10 SF/Yr
      8,800 SF

      Dixon Plaza: Cocoa Retail Space

      Prime Cocoa retail center, 8,800 sq ft.
      904 Dixon Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing
      42,000 SF

      Byrd Plaza Retail Center

      Cocoa, FL Strip Mall - High Traffic
      801 Dixon Blvd, Cocoa, FL 32922
      View Details
    • $13 SF/Yr
      17,820 SF

      Oak Park Plaza: Cocoa Office Space

      Cocoa Office Suites, Prime Location
      1641 Cocoa Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing
      6,000 SF

      Cocoa Commercial Opportunity

      Prime Retail/Restaurant Space, High Traffic Area
      520 King St Cocoa, Cocoa, FL 32922
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 Forrest Ave
    Cocoa, FL 32922-7764
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.