Building Details

Year Built 1973

Buildings 4

Listing Agency: One Sotheby's International

Listed By: James Edmunds · License #3414010 Show Phone

Source: Onesothebysrealty

Added: Oct 5 Changed: Oct 13 Last Checked: Oct 12 at 9:04PM

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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 One Sotheby's International

Investment Insights

Based on property information with market context.

This flex property comprises 105 units in four buildings on 2.2 acres. The spaces are suited to industrial storage, distribution, warehousing, wholesale, and flexible work-bay uses. Recent work includes exterior repainting, asphalt improvements, and upgraded garage doors.

Located on Clearlake Road in Cocoa, the property is zoned BU-2 for retail, warehousing, and wholesale commercial uses. The surrounding road corridor carries an estimated 20,000–25,000 vehicles per day.

Key Highlights

• 105 units across four buildings
• 2.2‑acre property in Cocoa, Florida
• BU‑2 zoning for retail, warehousing, and wholesale commercial uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$240,154

Cap Rate

6.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,803,080 $4.8M

Cap Rate 7%

$3,430,771 $3.4M

Cap Rate 9%

$2,668,378 $2.7M

Market Conditions

NOI Build-Up for 34,855 SF

Gross rent

$292.8K $8.40/SF

− Vacancy

−$10.2K −$0.29/SF

EGI

$282.5K $8.11/SF

− OpEx

−$42.4K −$1.22/SF

NOI

$240.2K $6.89/SF

Area

Brevard County, FL

Vacancy

3.50%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,803,080

Cap Rate 7%

$3,430,771

Cap Rate 9%

$2,668,378

Alternative Uses

Best Use

Flex RnD

$5.08M

$4.45M – $5.93M (±1% cap)

NOI $355,877 @ 7.0% cap · market cap 10.17%

Second Best

Warehouse

$3.43M

$3.00M – $4.00M (±1% cap)

NOI $240,154 @ 7.0% cap · market cap 6.86%

Theoretical Best

Office A

$9.20M

$8.05M – $10.73M (±1% cap)

NOI $643,702 @ 7.0% cap · market cap 18.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

D & D Paint ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

483

Businesses Nearby

Under-served

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Four buildings offer configurable space for storage, distribution, warehousing, wholesale, and work-bay operations.

Where is this flex space located?

The property is located at 310 300 Clearlake Road Cocoa, FL.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 105 units across four buildings; 2.2‑acre property in Cocoa, Florida; BU‑2 zoning for retail, warehousing, and wholesale commercial uses