Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2317 Cocoa Blvd Cocoa, FL 32922
    Back to Search
    Property profile & analytics

    2317 Cocoa Blvd Cocoa, FL 32922

    View on Map
    • Small apartment buildings
    Off-Market
    Property ID
    US18-0521290
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 2317 Cocoa Blvd

    Year built
    1972
    Property type
    Small apartment buildings

    Description

    This exceptional Cocoa, Florida mixed-use property, located on Cocoa Boulevard near the proposed Brightline station, presents a unique investment opportunity. The 5,662.8 sq ft lot houses a two-unit duplex, each fully renovated. Unit 1 offers approximately 686 sq ft with 2 bedrooms and 2 bathrooms, while Unit 2 boasts approximately 946 sq ft, also with 2 bedrooms and 2 bathrooms. The property includes four dedicated parking spaces. Significant improvements completed since 2021 exceed $150,000 and encompass a new roof (including gutters, drip edge, soffit, and fascia), a new fence, driveway repairs, and complete plumbing and electrical overhauls. This includes new water and sewer lines, a new septic tank and drain field, four new water heaters, four new electrical panels, and updated interior and exterior electrical fixtures. Both units feature new AC units, LVP flooring, updated bathrooms (toilets, tubs, vanities, fixtures, tile, and paint), new interior doors, and new locks. Exterior improvements include extensive wall repairs and fresh paint. The laundry facilities have also been upgraded. Zoned C-G General Commercial, this property offers flexibility for both residential and commercial use, making it an ideal investment in a high-visibility, high-traffic area. The property's proximity to the proposed Brightline station further enhances its potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7479691
    Latitude
    28.3918461

    Comparable in this City

    • $1,380,000

      Cocoa, FL Multifamily Community

      12-unit multifamily community in Cocoa, Florida.
      150 Peachtree St, Cocoa, FL 32922
      View Details
    • New
      $254,000
      1,644 SF

      Versatile Duplex with Buildable Lot

      Duplex with buildable lot, ideal for owner-occupant or investor.
      1417 Wilson Rd, Cocoa, FL 32922
      View Details
    • $2,525,000

      Waterfront Income Property in Cocoa

      Unique waterfront property with multiple income-producing buildings in Cocoa Village.
      11 Mitchell St, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Cocoa Multifamily Property For Sale

      Multifamily property available for purchase in Cocoa, Florida.
      150 Peachtree St, Cocoa, FL 32922
      View Details
    • $424,900
      3,920 SF

      Mixed-Use Property with Lease Income

      Two-building mixed-use property with lease income and redevelopment potential.
      1229-1231 W King St, Cocoa, FL 32922
      View Details

    Similar Nearby for Sale

    • $1,380,000

      Cocoa, FL Multifamily Community

      12-unit multifamily community in Cocoa, Florida.
      150 Peachtree St, Cocoa, FL 32922
      View Details
    • $2,525,000

      Waterfront Income Property in Cocoa

      Unique waterfront property with multiple income-producing buildings in Cocoa Village.
      11 Mitchell St, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Cocoa Multifamily Property For Sale

      Multifamily property available for purchase in Cocoa, Florida.
      150 Peachtree St, Cocoa, FL 32922
      View Details
    • New
      $254,000
      1,644 SF

      Versatile Duplex with Buildable Lot

      Duplex with buildable lot, ideal for owner-occupant or investor.
      1417 Wilson Rd, Cocoa, FL 32922
      View Details

    Similar Nearby for Lease

    • $1,800,000
      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
      View Details
    • Contact for pricing

      Commercial Land for Lease

      1.40 Acres on US-1, Cocoa, FL
      301 S Cocoa Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Commercial Land for Lease

      3.08 acres of divisible land available for lease.
      1408 Peachtree St, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Cocoa Warehouse with Office Space

      Versatile warehouse with office, storage, and convenient access.
      324 Clearlake Rd, Cocoa, FL 32922
      View Details
    • $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
    • Contact for pricing

      Office Complex in Natural Setting

      Office complex with serene environment, suitable for various businesses.
      1970 Michigan Ave, 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.
    2317 Cocoa Blvd
    Cocoa, FL 32922
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2317 Cocoa Blvd, Cocoa, FL, 32922
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!