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105 Cleveland 105-111 Cleveland Ave 6,840 SF 100% Leased Retail Building Cocoa Beach, FL 32931 $1,535,512 CAD ($224.49 CAD/SF) 8.24% Cap Rate



EXECUTIVE SUMMARY
Building currently 100% occupied. Two tenants - 2,000 sf physical therapy office and 4,840 sf consulting office. Entire building refurbished in 2007. New roof in 2024. New 2-year renewal on the physical therapy office with a conversion to a triple net. Strong increasing ROI with existing leases and substantial increase when leases are converted to existing market rates.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,840 SF
Building Class
B
Year Built/Renovated
1965/2007
Price
$1,535,512 CAD
Price Per SF
$224.49 CAD
Cap Rate
8.24%
NOI
$126,492 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.48 AC
Zoning
BU1 - BU-1 Neighborhood Business Use zoning district allows for retail and service convenience facilities that satisfy the essential and frequent needs.
Parking
29 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
147’ on Cleveland Ave
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-37-26-CG-00090.0-0003.00 | Total Assessment | $957,084 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
24-37-26-CG-00090.0-0003.00
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$957,084 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Grissom Work Bays & Storage
105 Cleveland | 105-111 Cleveland Ave
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