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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Retail space
1106 Clearlake Rd Cocoa, FL 32922-6402
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6159975
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,047 SF
Lot
1.52 ac (66,211 SF)
Zoning code
CG
APN
24-36-29-27-0000A.0-0001.00
UPID
US18-6159975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walgreens Cosmetic Store
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.21M
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$3.87M
Owner & transaction history
The Kissling Interests LLC · 4 yrs held
The Kissling Interests LLC
since 2021
Last sale
$5.4M
5 recorded transactions
Zoning & alternative use
CG · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+196.9%
Medical building
$2.6M
+35.6%
Office building
$2.6M
+32.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cocoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,450,000
ML approach
$4,210,000
CAP Approach
CAP Return
Estimation
6%
$3,275,000
6.5%
$3,025,000
7%
$2,810,000
Alternative Use
Use
Estimation
RESTAURANT
$5,790,000
Change: +197% · Conversion: Easy
MEDICAL BUILDING
$2,645,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$2,585,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $5.36M (Sep 9 2021)
Last sale anchor
$5.36M
Sep 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$227 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,819
Tax year 2023
Assessed value
$1,800,770
Assessed 2023
Previous assessed
$1,669,890
+7.8% YoY
Effective rate
2.16%
On assessed value
Assessed land
$290,940
Assessed improvement
$1,509,830
Land market value
$290,940
Improvement market value
$1,509,830
Total market value
$1,800,770
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
17,047 SF
Lot
1.52 ac (66,211 SF)
Zoning code
CG
APN
24-36-29-27-0000A.0-0001.00
UPID
US18-6159975
Jurisdiction
BREVARD
Zoning & alternative use
CG · Cocoa, FL
Zoning CG · permitted uses
CG · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cocoa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
The Kissling Interests LLC
Entity
Free & Clear · 4 yrs held
Mailing address
150 CENTRAL PARK S #510, NEW YORK, NY 10019-1566
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$5,358,633
The Kissling Interests LLC
Gipfl Jv 1106 Clearlake Road LLC
Special Warranty Deed
—
Sep 12, 2019
$4,543,188
Gipfl Jv 1106 Clearlake Road LLC
Sahm Broadway Property LLC
Special Warranty Deed
$3,407,391 · American Momentum Bank
Jun 23, 2015
$5,358,000
Sahm Broadway Property LLC
Sdg Cocoa Beach LLC
Grant Deed
—
Aug 18, 2014
$4,500,000
Sdg Cocoa Beach LLC
New Century Asset Management Group
Special Warranty Deed
$3,600,000 · Associated Bank NA
Jun 2, 1997
$1,290,000
Olympia Developement Group INC
Clearlake Dixon INC
Grant Deed
$3,350,000 · Suntrust Bank Tampa Bay
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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