4-Unit Shopping
1433-1441 Clearlake Road, Cocoa, FL 32922
For Sale
Contact for pricing
Two available suites offer space for a new tenant or owner occupancy alongside existing tenancy.
Property Size3,172 SF
Price / SF$204.92
Days on Market15
Property Features for 1433-1441 Clearlake Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Tenant in Place
Building Details
Tenancy
Listing Agency:
Blue Marlin Real Estate
Listed By:
Justin Luke · License #3234313
(321) 543-7246
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 4:20PM
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 Blue Marlin Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,172-square-foot retail center contains four units and is 50% leased. The two vacant suites are available for leasing or owner occupancy, while the remaining units are occupied. The property is on Clearlake Road in Cocoa, Florida.
Access to I-95, SR 520, and SR 528 connects the site with Cocoa Village, Viera, Merritt Island, Port Canaveral, and the Space Coast beaches. Established residential areas, schools, and major employers are noted in the surrounding area.
Access to I-95, SR 520, and SR 528 connects the site with Cocoa Village, Viera, Merritt Island, Port Canaveral, and the Space Coast beaches. Established residential areas, schools, and major employers are noted in the surrounding area.
Key Highlights
- 3,172‑square‑foot shopping center with four units
- 50% leased, with two units available for lease or owner occupancy
- Clearlake Road location in Cocoa with access to I‑95, SR 520, and SR 528
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,842
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,840
$916.8K
Cap Rate 7%
$654,886
$654.9K
Cap Rate 9%
$509,356
$509.4K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$70.4K $22.20/SF
− Vacancy
−$4.9K −$1.55/SF
EGI
$65.5K $20.65/SF
− OpEx
−$19.6K −$6.19/SF
NOI
$45.8K $14.45/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,840
Cap Rate 7%
$654,886
Cap Rate 9%
$509,356
Alternative Uses
Best Use
Retail
$654.9K
$573.0K – $764.0K
NOI $45,842 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.0K
$809.3K – $1.08M
NOI $64,747 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
SONIC Drive In
Dining
6,710 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,366 visits/mo
0.1 miles
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
$176,100
Median Home Value
Market
Average Price Trend$/SF for Shopping centers in Brevard County, FL
Properties on Market for Shopping centers in Brevard County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Celebration Plaza — 28°22'25. 80°44'38., 7 US-1, Cocoa, FL 32922
Frequently Asked Questions
What type of property is this?
Shopping center - Two available suites offer space for a new tenant or owner occupancy alongside existing tenancy.
Where is this shopping center located?
The property is located at 1433-1441 Clearlake Road Cocoa, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,172‑square‑foot shopping center with four units; 50% leased, with two units available for lease or owner occupancy; Clearlake Road location in Cocoa with access to I‑95, SR 520, and SR 528
