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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Strip malls
1381 Clearlake Rd Cocoa, FL 32922-6492
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6102209
Property summary
AI-generated overview
This exceptional retail opportunity presents a 800-square-foot space available for lease at 1381 Clearlake Road in Cocoa, Florida, 32926. Situated within a larger 5,760-square-foot building constructed in 1981, this single-tenant unit is ideally positioned in a high-traffic area, benefiting from excellent visibility and accessibility. The property boasts a CS (Commercial Shopping) zoning designation, allowing for a diverse range of commercial uses. The building features a total of 29 parking spaces for ample customer and employee convenience. The 0.8-acre lot provides ample space and the building is six stories high. This location offers easy access to local amenities and major roadways, making it an attractive option for businesses seeking a prominent presence in the Cocoa market. The monthly rent is $1,000, plus a 3% sales tax. This space is perfect for a variety of retail businesses seeking a vibrant and accessible location in Cocoa, Florida. Don't miss this chance to secure a prime retail space in a thriving commercial area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,464 SF
Lot
0.8 ac (34,848 SF)
Zoning code
BU-2
APN
24-36-19-75-00005.0-0001.00
UPID
US18-6102209
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
-
Suite for lease Cocoa - The Campus Center Shopping Center & Mall
-
Cocoa Pawn and Treasures Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$775k
Owner & transaction history
Catemito LLC · 4 yrs held
Catemito LLC
since 2021
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
BU-2 · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+40.3%
Office building
$980,000
+37.2%
Auto repair, garage
$830,000
+16.1%
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
$810,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Current use
MEDICAL BUILDING
$1,005,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$830,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$635,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $750k (Aug 19 2021)
Last sale anchor
$750k
Aug 19 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
$120 / 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
$9,368
Tax year 2023
Assessed value
$533,960
Assessed 2023
Previous assessed
$492,780
+8.4% YoY
Effective rate
1.75%
On assessed value
Assessed land
$55,490
Assessed improvement
$478,470
Land market value
$55,490
Improvement market value
$478,470
Total market value
$533,960
Applied tax rate
2,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
6
Total area
6,464 SF
Lot
0.8 ac (34,848 SF)
Zoning code
BU-2
APN
24-36-19-75-00005.0-0001.00
UPID
US18-6102209
Jurisdiction
BREVARD
Zoning & alternative use
BU-2 · Cocoa, FLZoning BU-2 · permitted uses
BU-2 · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$715,000
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$830,000
RETAIL STORES
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Lot
0.8 ac
Current owner
From public records · entity-resolved
Catemito LLC
Entity
Free & Clear · 4 yrs held
Mailing address
111 E MONUMENT AVE #40112, KISSIMMEE, FL 34741-5762
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
$750,000
Catemito LLC
Clearlake Venture INC
Warranty Deed
—
Aug 19, 2021
—
Clearlake Venture INC
Norman Dermer
Warranty Deed
—
Mar 21, 2005
—
Dermer Norman Trust
Dermer,norman
Quit Claim Deed
related
—
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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