Four-Bay Flex Property with
For Sale
$2,700,000
137 Clearlake Road Cocoa, Cocoa, FL 32922
Versatile commercial site with warehouse, retail, wholesale, and service-use potential.
Property Size12,162 SF
Lot Size9.00 Acres
Price / SF$222
Days on Market48
Property Features for 137 Clearlake Road Cocoa
General Information
Standard status
Active
Size
12,162 SF
Lot size
9.00 Acres
Zoning
Commercial
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
4,800 SF
Office Build-Out
600 SF
Taxes and HOA fees
Annual Taxes
$6,278
Amenities
Concrete
true
3
Wood
Cleared
Public
9.04
false
Parking Lot
City Street
12162
Building Details
Building Size
12,162 SF
Year Built
2004
Buildings
1
Listing Agency:
(321) 800-4656
Listed By:
Tina Murphy
(321) 800-4656
Source:
Curriproperties
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 30 at 1:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tina Murphy
Investment Insights
Based on property information with market context.
This flex property includes a 4,800-square-foot warehouse arranged across four bays, each with 17-foot ceilings and a 12-foot roll-up door. One bay contains 600 square feet of air-conditioned space suited to retail or office functions, while plumbing is in place for individual restrooms in every bay. The building was constructed in 2004 and includes concrete interior features.
The property encompasses 9.04 acres at 137 Clearlake Road in Cocoa, Florida. It currently supports a retail feed and farm supply operation, and the site is cleared with a parking lot and public utilities. Commercial zoning supports a broad range of uses identified in the property information, including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. The property is located 15 minutes from Cocoa Beach, 35 minutes from Orlando International Airport, and 35 minutes from Kennedy Space Center.
The property encompasses 9.04 acres at 137 Clearlake Road in Cocoa, Florida. It currently supports a retail feed and farm supply operation, and the site is cleared with a parking lot and public utilities. Commercial zoning supports a broad range of uses identified in the property information, including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. The property is located 15 minutes from Cocoa Beach, 35 minutes from Orlando International Airport, and 35 minutes from Kennedy Space Center.
Key Highlights
- 9.04‑acre cleared commercial property in Cocoa, Florida
- 4,800‑square‑foot warehouse with four bays
- 17‑foot ceilings and 12‑foot roll‑up doors at each bay
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$140,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.19%
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
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- WilmaWishezEateryLLc. — 115 Polaris St, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial site with warehouse, retail, wholesale, and service-use potential.
Where is this flex space located?
The property is located at 137 Clearlake Road Cocoa 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 cleared commercial property in Cocoa, Florida; 4,800‑square‑foot warehouse with four bays; 17‑foot ceilings and 12‑foot roll‑up doors at each bay
