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    1087 Clearlake Rd Cocoa, FL 32922-6366
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    Property profile & analytics

    1087 Clearlake Rd, Cocoa, FL 32922-6366

    View on Map
    • Retail space
    • 13,506 SF
    • 1.62 lot acres
    Off-Market
    Last Sale Nov 4, 2021
    $1,000,000
    Property ID
    US18-0163277
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Empire Pharmacy / Pharmacy
    • Pak Mail / Shipping Company / Freight Service
    • UPS Authorized Shipping Outlet / Courier Service / Postal Service

    Property Details for 1087 Clearlake Rd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.62 lot acres
    Zone code
    CG
    Property type
    Retail space
    APN
    24-36-30-00-00001.0-0000.00
    APU
    9223372036854775807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2021 — Lake Medical Plaza LLC Empire Specialty Pharmacy LLC Quit Claim Deed · related —
    Oct 5, 2020 $1,000,000 Empire Specialty Pharmacy LLC Synovus Bank Special Warranty Deed $800k · Sunrise Bank
    Aug 2, 2019 $1,570,000 Synovus Bk Cocoabeach Of Florida LLC Warranty Deed —
    May 14, 2019 $100 Cocoabeach Of Florida LLC Hd Home LLC Quit Claim Deed · related —
    Jun 18, 2018 $125,000 Hd Home LLC Safaa Ventures LLC Quit Claim Deed · related —
    May 21, 2018 — Safaa Ventures LLC Cocoabeach Of Florida LLC Quit Claim Deed · related —
    Nov 1, 2017 — Cocoabeach Of Florida LLC — Trustees Deed · related $60k · Safaa Ventures LLC
    Sep 14, 2006 $3,038,000 Cocoabeach LLC Oklawaha Farms INC Grant Deed $1.5M · Great Florida Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $830,000
      ML approach
      $740,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,325,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7556
    Latitude
    28.3725
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,376
    $309,860
    $1,217,780
    $1,527,640
    -
    $309,860
    $1,217,780
    $1,527,640

    Comparable in this City

    • Value Estimation by Request
      2,177 SF

      225 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES)
      225 Clearlake Rd, Cocoa, FL 32922-8650
      View Details
    • Value Estimation by Request
      13,484 SF

      1343 King St

      Individual retail properties
      1343 King St, Cocoa, FL 32922
      View Details
    • Value Estimation
      $1,100,000
      7,302 SF

      1111 King St

      RETAIL STORES (PERSONAL SERVICES)
      1111 King St, Cocoa, FL 32922-8617
      View Details
    • Value Estimation
      $895,000
      6,422 SF

      1401 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES)
      1401 Clearlake Rd, Cocoa, FL 32922-6580
      View Details
    • Value Estimation by Request
      2,236 SF

      1208 Clearlake Rd

      RETAIL STORES (PERSONAL SERVICES)
      1208 Clearlake Rd, Cocoa, FL 32922-4417
      View Details
    • Value Estimation by Request
      3,366 SF

      519 Cocoa Blvd

      RETAIL STORES (PERSONAL SERVICES)
      519 Cocoa Blvd, Cocoa, FL 32922-7655
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,188 SF

      Retail Building Near Sav-A-Lot

      Two-story retail building in shell condition near O'Reilly Auto.
      1339 W Point Dr, Cocoa, FL 32922
      View Details
    • Contact for pricing
      8,400 SF

      Retail Property on King Street

      Retail property with high traffic and ample parking.
      1049 W King St, Cocoa, FL 32922
      View Details
    • $1,000,000

      Retail Building in Shell Condition

      Two-story retail building in shell condition near O'Reilly and Sav-A-Lot.
      1314 Dixon Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing
      8,208 SF

      Retail Plaza on U.S. Highway

      Retail plaza with frontage on U.S. Highway 1.
      966 N Cocoa Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing
      8,800 SF

      Renovated Retail Strip Plaza

      Newly renovated retail units with ample parking and two points of ingress/egress.
      900 Dixon Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing
      19,610 SF

      Multi-Tenant Retail and Office Property

      Two single-story buildings with storefront visibility and abundant on-site parking support flexible retail and office use.
      840-846 North Cocoa Blvd, Cocoa, FL 32922
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,823 SF

      Historic Cocoa Village Retail Space

      Retail space for lease in historic Cocoa Village.
      315-319 Brevard Ave, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Renovated Office Building For Rent

      8,800 SF office building with newly renovated units.
      904 Dixon Blvd, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Retail and Office Space

      Spacious space with high visibility and ample parking, suited for flexible retail or office use.
      100 Delannoy Ave, Cocoa, FL 32922
      View Details
    • $12,000 /Mo

      Prime Cocoa Village Retail Space

      Commercial space in the heart of Cocoa Village, flexible terms.
      520 Brevard Ave, Cocoa, FL 32922
      View Details
    • Contact for pricing

      Mixed-Use Property Near Universities

      Multi-tenant property with office, retail, and industrial spaces available.
      1314 Clearlake Rd, Cocoa, FL 32922
      View Details
    • $1,800,000
      6,000 SF

      Freestanding Cocoa Commercial Building For Rent

      6,000 SF commercial building with showroom and flex space.
      809 North Cocoa Blvd, Cocoa, FL 32922
      View Details
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    Cocoa, FL 32922-6366
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1087 Clearlake Rd, Cocoa, FL, 32922
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