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    505 Brevard Ave Cocoa, FL 32922
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    Property profile & analytics

    505 Brevard Ave Cocoa, FL 32922

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    • Banks
    • 17,323 SF
    • 1.33 lot acres
    For Sale
    $4,950,000
    View Listing →
    Cocoa Village Office Space For Sale
    $4,950,000
    2,097 SF

    Cocoa Village Office Space

    Professional office space in Cocoa Village near local amenities.

    505 Brevard Ave, Cocoa, FL
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chase Mortgage / Loan Service / Bank
    • Lifetime Counseling Center / Life Coach
    • Applied Global Technologies (AGT) / IT Consulting Firm / Tech Support Center
    • Family Counseling Center of Brevard, Inc. / Non-Profit Organization / Crime Victim Service
    • Accel IP Law / Law Firm

    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 estimation — 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 by Request
      3,407 SF

      106 Brevard Ave

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

    Similar Nearby for Sale

    • 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
    • $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
    • $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
    • $2,900,000

      Historic Cocoa Retail Investment

      85% occupied retail property in Historic Downtown Cocoa.
      105-113 Brevard Ave, Cocoa, FL 32922
      View Details
    • $699,000

      Neighborhood Retail Shopping Center ForSale

      Neighborhood shopping center with retail businesses and ample parking.
      1122 Lake Dr, Cocoa, FL 32922
      View Details

    Similar Nearby for Lease

    • $27 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
    • $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
    • $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
    • $12,000 /Mo

      Prime Cocoa Village Retail Space

      Commercial space in the heart of Cocoa Village, flexible terms.
      520 Brevard Ave, 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
    View Listing
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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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    505 Brevard Ave, Cocoa, FL, 32922
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