Flex Space with 4-Bay
For Sale
$2,700,000
137 Clearlake Road, Cocoa, FL 32922
COMMERCIAL - Cocoa, FL
Property Size12,162 SF
Lot Size9.04 Acres
Price / SF$222
Days on Market366
Property Features for 137 Clearlake Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Parking Lot
Security features
Security
Lot features
Cleared
Directions
From I 95 Head East on 520. Take a Right on Clearlake. Property is on the Right.
Subdivision
99 - Other
Standard status
Active
APN
24-36-31-00-00062.0-0000.00
Size
12,162 SF
Lot size
9.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
N 330 FT OF S 660 FT OF SE 1/4 OF NE 1/4 EX W 240 FT OF E 280 FT OF S 165 FT THEREOF ALSO EX E 240 FT FOR RD R/W
Tax Annual Amount
6279
Legal Description
N 330 FT OF S 660 FT OF SE 1/4 OF NE 1/4 EX W 240 FT OF E 280 FT OF S 165 FT THEREOF ALSO EX E 240 FT FOR RD R/W
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Flooring type
Concrete
Building materials
Aluminum Siding
Roof type
Aluminum
Listing Agency:
Coldwell Banker Coast Realty · Coldwell Banker Real Estate
(386) 275-1000
Listed By:
Tom S Grasberger · License #3323835
(386) 843-4346
Added: Aug 1, 2025
Changed: Jul 29
Last Checked: Aug 1 at 5:06PM
MLS# 1216289
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property includes a 4,800 SF, 4-bay warehouse on a 9.04-acre site, built in 2004. Each bay has a roll-up door and 17-foot ceilings. One bay features 600 SF of air-conditioned space that can support retail or office use. The building is plumbed for individual restrooms per bay, supporting immediate operating flexibility or future redevelopment. Interior finishes include concrete flooring, with central heating and central air, and the structure is built with aluminum siding and an aluminum roof.
The property is zoned BU-2 in Brevard County, permitting a broad range of commercial uses including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. The property is located at 137 Clearlake Road in Cocoa, FL 32922, with public water service and a septic tank for sewer. It also includes parking lot parking.
Access and operating options are reinforced by the site’s location in Central Florida, with approximately 15 minutes to Cocoa Beach and about 35 minutes to both Orlando International Airport and Kennedy Space Center.
The property is zoned BU-2 in Brevard County, permitting a broad range of commercial uses including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. The property is located at 137 Clearlake Road in Cocoa, FL 32922, with public water service and a septic tank for sewer. It also includes parking lot parking.
Access and operating options are reinforced by the site’s location in Central Florida, with approximately 15 minutes to Cocoa Beach and about 35 minutes to both Orlando International Airport and Kennedy Space Center.
Key Highlights
- 9.04‑acre commercial property zoned BU‑2 in Brevard County
- 4,800 SF, 4‑bay warehouse with 17‑foot ceilings
- 12‑foot roll‑up doors on each bay
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $218.9k | $18.00 |
| − Vacancy | −$18.6k | −$1.53 |
| EGI | $200.3k | $16.47 |
| − OpEx | −$60.1k | −$4.94 |
| NOI | $140.2k | $11.53 |
12,162 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.34M
NOI $140,216 @ 7.0% cap · market cap 5.19%
Second Best
Flex RnD
$1.77M
$1.55M – $2.07M
NOI $124,176 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,608 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- WilmaWishezEateryLLc. — 115 Polaris St, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Flex space - Zoned BU-2, this flex space includes a 4-bay warehouse setup suited for retail, office, or service uses.
Where is this flex space located?
The property is located at 137 Clearlake Road Cocoa, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 9.04‑acre commercial property zoned BU‑2 in Brevard County; 4,800 SF, 4‑bay warehouse with 17‑foot ceilings; 12‑foot roll‑up doors on each bay
