BU-2 Flex Space with
For Sale
$2,400,000
137 Clearlake Road, Cocoa, FL 32922
Commercial Sale, Cocoa, FL
Property Size4,800 SF
Lot Size9.04 Acres
Price / SF$197.34
Days on Market459
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 1, Bathroom 2, Bathroom 3
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
Additional Details
Currently Operating
Yes
Property Use
retail feed and farm supply store
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
Buildings
1
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: Oct 27
Last Checked: Nov 2 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This 9.04-acre commercial property includes a 12,162-square-foot improvement with a 4,800-square-foot, four-bay warehouse. The warehouse has 17-foot ceilings, 12-foot roll-up doors at each bay, concrete flooring, central heating, and central air. One bay contains 600 square feet of air-conditioned area suited to office or retail functions, while each bay is plumbed for an individual restroom. The property currently operates as a retail feed and farm supply store and includes a parking lot.
BU-2 zoning applies to the site, with permitted uses identified in the source information including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. Public water and a septic tank serve the property. The site is located at 137 Clearlake Road in Cocoa, approximately 15 minutes from Cocoa Beach and 35 minutes from Orlando International Airport and Kennedy Space Center. Construction dates to 2004, with aluminum siding and an aluminum roof.
BU-2 zoning applies to the site, with permitted uses identified in the source information including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. Public water and a septic tank serve the property. The site is located at 137 Clearlake Road in Cocoa, approximately 15 minutes from Cocoa Beach and 35 minutes from Orlando International Airport and Kennedy Space Center. Construction dates to 2004, with aluminum siding and an aluminum roof.
Key Highlights
- 9.04‑acre commercial site at 137 Clearlake Road, Cocoa, FL 32922
- BU‑2 zoning supports retail, wholesale, warehousing, heavy repair, contracting services, and outdoor storage
- 4,800‑square‑foot warehouse with four bays, 17‑foot ceilings, and 12‑foot roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,216
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,804,320
$2.8M
Cap Rate 7%
$2,003,086
$2.0M
Cap Rate 9%
$1,557,956
$1.6M
Market Conditions
NOI Build-Up for 12,162 SF
Gross rent
$218.9K $18.00/SF
− Vacancy
−$18.6K −$1.53/SF
EGI
$200.3K $16.47/SF
− OpEx
−$60.1K −$4.94/SF
NOI
$140.2K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,804,320
Cap Rate 7%
$2,003,086
Cap Rate 9%
$1,557,956
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.34M
NOI $140,216 @ 7.0% cap · market cap 5.84%
Second Best
Flex RnD
$1.77M
$1.55M – $2.07M
NOI $124,176 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,608 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
385
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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- WilmaWishezEateryLLc. — 115 Polaris St, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines adaptable warehouse improvements with broad BU-2 zoning and existing retail functionality.
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 $2,400,000.
What are key features of this property?
This property features: 9.04‑acre commercial site at 137 Clearlake Road, Cocoa, FL 32922; BU‑2 zoning supports retail, wholesale, warehousing, heavy repair, contracting services, and outdoor storage; 4,800‑square‑foot warehouse with four bays, 17‑foot ceilings, and 12‑foot roll‑up doors
