Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1301 Range Rd Cocoa, FL 32926

    • Commercial real estate
    For Sale
    View listing
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8134136
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1301 Range Rd

    Property type
    Commercial real estate

    Description

    This exceptional 242,629 square foot commercial land parcel presents a unique investment opportunity in Cocoa, Florida. Located at 1301 N Range Road, zip code 32926, this nearly six-acre property boasts a heavily wooded landscape, ensuring privacy and a tranquil country setting. The land's versatility is a key advantage; it's ideally suited for the construction of a single large building, subdivision into one-acre lots, or development of condominiums or apartments. Recent infrastructure improvements include a newly constructed culvert, providing convenient access. The property benefits from its proximity to a new train station currently under construction, promising increased future value and accessibility. This prime location in Brevard County, Florida offers the best of both worlds – a peaceful, natural environment combined with the convenience of modern infrastructure and transportation links. The asking price for this exceptional commercial land is $425,000. This represents a significant opportunity for investors seeking a high-potential property in a rapidly developing area. Don't miss this chance to acquire a substantial piece of land with immense potential for future growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7713066
    Latitude
    28.372731

    Comparable in this City

    • $40,000

      Satellite Blvd Commercial Land

      1.06-Acre Buildable Lot, City Water
      0 Satellite Blvd, Cocoa, FL 32926
      View Details
    • $278,800

      Cocoa Waterfront Land Investment

      Prime .52-Acre Lakefront Lot
      3611 Indian River Dr, Cocoa, FL 32926
      View Details
    • $891,000

      Cocoa Land Development Opportunity

      Prime 358,063 SF Commercial Land
      0000 Range Rd, Cocoa, FL 32926
      View Details
    • $98,500

      Cocoa Commercial Land - $98,500

      Prime Commercial Lot, Cocoa, FL
      650 Friday Rd, Cocoa, FL 32926
      View Details
    • $150,000

      Cocoa, FL Commercial Land - $150K

      1.98-Acre Lot, Prime Location
      000 James Rd, Cocoa, FL 32926
      View Details
    • $180,000

      Cocoa, FL Commercial Land Investment

      Lakefront Land, 2.71 Acres, Approved Road Access
      0000 Osprey Ave, Cocoa, FL 32926
      View Details

    Similar Nearby for Sale

    • $278,800

      Cocoa Waterfront Land Investment

      Prime .52-Acre Lakefront Lot
      3611 Indian River Dr, Cocoa, FL 32926
      View Details
    • $40,000

      Satellite Blvd Commercial Land

      1.06-Acre Buildable Lot, City Water
      0 Satellite Blvd, Cocoa, FL 32926
      View Details
    • $150,000

      Cocoa, FL Commercial Land - $150K

      1.98-Acre Lot, Prime Location
      000 James Rd, Cocoa, FL 32926
      View Details
    • $180,000

      Cocoa, FL Commercial Land Investment

      Lakefront Land, 2.71 Acres, Approved Road Access
      0000 Osprey Ave, Cocoa, FL 32926
      View Details
    • $891,000

      Cocoa Land Development Opportunity

      Prime 358,063 SF Commercial Land
      0000 Range Rd, Cocoa, FL 32926
      View Details
    • $98,500

      Cocoa Commercial Land - $98,500

      Prime Commercial Lot, Cocoa, FL
      650 Friday Rd, Cocoa, FL 32926
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,000 SF

      Cocoa Warehouse/Office Opportunity

      4,000 sq ft Commercial Space in Cocoa, FL
      285 Lake View Blvd, Cocoa, FL 32926
      View Details
    • New
      $2,000 /Mo
      1,620 SF

      Fenced Lot for Lease

      Fenced lot suitable for laydown yard or equipment storage.
      3690 Highway 1 N, Cocoa, FL 32926
      View Details
    • $16 SF/Yr
      2,000 SF

      King Street Retail Space For Lease

      Cocoa, FL: Prime Retail Space Available
      2130 King St, Cocoa, FL 32926
      View Details
    • Contact for pricing
      44,220 SF

      Cocoa Industrial Facility: 44,220 SF

      8-acre fenced industrial compound, ideal for manufacturing & storage.
      1060 Cox Rd, Cocoa, FL 32926
      View Details
    • $216 SF/Yr
      10,476 SF

      Grissom Work Bays: Industrial Flex Space

      Modern flex space, 1,134-10,476 sq ft units.
      3081 Oxbow Cir, Cocoa, FL 32926
      View Details
    • $14 SF/Yr
      6,700 SF

      Flex Space with Warehouse

      Flex space featuring offices, warehouse, and roll-up door.
      3732 Highway 1 N, Cocoa, FL 32926
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1301 Range Rd
    Cocoa, FL 32926
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.