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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Brevard Ave Cocoa, FL 32922

    • Banks
    • 17,323 SF
    • 1.33 lot acres
    For Lease
    View listing
    $4,950,000
    Value Estimations
    $635,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6090693
    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

    • Chase Mortgage / Mortgage Lender
    • Lifetime Counseling Center / Life Coach
    • Applied Global Technologies (AGT) / Video Conferencing Service / Audio Visual Consultant
    • Family Counseling Center of Brevard, Inc. / Marriage Or Relationship Counselor / Mental Health Clinic
    • Accel IP Law / Legal Services

    Property Details for 505 Brevard Ave

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.33 lot acres
    Property size
    17,323 SF
    Zone code
    CBD
    Property type
    Banks
    APN
    24-36-33-35-00000.0-0036.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $880,000
      Market price range: $880k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7266
    Latitude
    28.3531
    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
    $20,002
    $423,920
    $483,720
    $907,640
    -
    $423,920
    $483,720
    $907,640

    Comparable in this City

    • Value Estimation
      $570,000
      15,916 SF

      100 Delannoy Ave

      FINANCIAL BUILDING • 15,916 SF
      100 Delannoy Ave, Cocoa, FL 32922-7916
      View Details
    • Value Estimation by Request
      2,416 SF

      1504 Clearlake Rd

      FINANCIAL BUILDING • 2,416 SF
      1504 Clearlake Rd, Cocoa, FL 32922-6504
      View Details
    • Value Estimation
      $600,000
      15,742 SF

      834 Cocoa Blvd

      FINANCIAL BUILDING • 15,742 SF
      834 Cocoa Blvd, Cocoa, FL 32922-7511
      View Details
    • Value Estimation by Request
      3,407 SF

      106 Brevard Ave

      FINANCIAL BUILDING • 3,407 SF
      106 Brevard Ave, Cocoa, FL 32922-7911
      View Details
    • 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

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    • Contact for pricing
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      Retail property with high traffic and ample parking.
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      4,000 SF building with retail and warehouse space.
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      Retail Building Near Sav-A-Lot

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    • $3,000,000
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      Versatile Commercial Property in Cocoa, FL

      9-acre commercial property with warehouse, ideal for diverse business ventures.
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      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
    • 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
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      17,820 SF

      Oak Park Plaza: Cocoa Office Space

      Cocoa Office Suites, Prime Location
      1641 Cocoa Blvd, Cocoa, FL 32922
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    • $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
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      View Details
    • $15 SF/Yr
      8,208 SF

      North Cocoa Plaza Office Complex

      Cocoa, FL Office Space Available
      970 Cocoa Blvd, Cocoa, FL 32922
      View Details
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    505 Brevard Ave
    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.

    More about this property
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