Versatile Commercial Property in
137 Clearlake Road, Cocoa, FL 32922
- Added:
- Aug 1, 2025
- Days on Market:
- 295
- Last Refresh:
- May 22 at 4:06 pm
Property Features for 137 Clearlake Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Parking Lot
- Security features
- Security
- 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
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 agent Tom S Grasberger License #3323835 (386) 843-4346
Listing office Gaff's Realty Company 415 Dunlawton Ave, Port Orange, FL (386) 756-9999
Listing date Aug 1, 2025
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.
HighLights
- Extensive BU‑2 zoning permits a wide range of commercial uses.
- Prime Central Florida location: enjoy proximity to Cocoa Beach, Orlando International Airport, and Kennedy Space Center.
- Existing 4,800 sq/ft warehouse with 4 bays, 17‑foot ceilings, and 12‑foot roll‑up doors.
- 9‑acre property offers significant space for development and expansion.
- One warehouse bay includes 600 sq/ft of air‑conditioned space.
- All warehouse bays are plumbed for individual restrooms.
Overview
This 9.04-acre commercial property is located in Central Florida. It is zoned BU-2, which is Brevard County's most extensive commercial classification, permitting a wide range of uses including retail, wholesale, warehousing, contracting services, heavy repair, and outdoor storage. Currently, the property operates as a retail feed and farm supply store. It features a 4,800 sq/ft, 4-bay warehouse with 17-foot ceilings and 12-foot roll-up doors on each bay. One bay includes 600 sq/ft of air-conditioned space, suitable for retail or office use. All bays are plumbed for individual restrooms. The location is 15 minutes from Cocoa Beach, and 35 minutes from both Orlando International Airport and Kennedy Space Center. The central positioning within Brevard County ensures access to major transportation routes and high-traffic areas. The BU-2 zoning designation allows for commercial potential, whether for building storage units, operating a retail or wholesale business, manufacturing goods, running mechanic services, or developing a more extensive commercial complex. The property offers flexibility and growth potential for business owners, investors, or developers looking to take advantage of one of Florida's commercial zones. The property size is 12162 Square Feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.56M
NOI $140,216 @ 9.00% cap · cautious / downside scenario
Moderate
$2.00M
NOI $140,216 @ 7.00% cap · market / base-case scenario
Aggressive
$2.80M
NOI $140,216 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
Best Use
Retail
$2.00M
$1.75M – $2.34M
NOI $140,216 @ 7.0% cap · market cap 5.19%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,797 @ 7.0% cap · market cap 3.10%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Brevard Farm & Ranch ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Longitude
- -80.75552
- Latitude
- 28.354817
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 9-acre commercial property with warehouse, ideal for diverse businesses.
Where is this retail 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: Extensive BU‑2 zoning permits a wide range of commercial uses.; Prime Central Florida location: enjoy proximity to Cocoa Beach, Orlando International Airport, and Kennedy Space Center.; Existing 4,800 sq/ft warehouse with 4 bays, 17‑foot ceilings, and 12‑foot roll‑up doors.
