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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Retail space
1401 Clearlake Rd Cocoa, FL 32922-6580
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-2841837
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,422 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BU2
APN
24-36-19-75-00004.0-0001.00
UPID
US18-2841837
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Ratti Properties LLC · 1 yrs held
Ratti Properties LLC
since 2025
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
BU2 · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$995,000
+35.6%
Office building
$975,000
+32.6%
Auto repair, garage
$825,000
+12.2%
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
$920,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
RETAIL STORES
$735,000
Current use
MEDICAL BUILDING
$995,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$975,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$825,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: -3% · Conversion: Moderate
WAREHOUSE, STORAGE
$630,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $875k (Jan 3 2025)
Last sale anchor
$875k
Jan 3 2025
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
$139 / 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
$4,936
Tax year 2023
Assessed value
$255,220
Assessed 2023
Previous assessed
$255,220
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$31,880
Assessed improvement
$223,340
Land market value
$31,880
Improvement market value
$223,340
Total market value
$255,220
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,422 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BU2
APN
24-36-19-75-00004.0-0001.00
UPID
US18-2841837
Jurisdiction
BREVARD
Zoning & alternative use
BU2 · Cocoa, FL
Zoning BU2 · permitted uses
BU2 · 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
RETAIL STORES Current
Est. value
$735,000
MEDICAL BUILDING
Est. value
$995,000
OFFICE BUILDING
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$630,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ratti Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3565 SPARROW HAWK TRL, MIMS, FL 32754-6520
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
$875,000
Ratti Properties LLC
1401 Cleariake Rd LLC
Warranty Deed
—
Jun 5, 2024
—
1401 Clearlake Road LLC
Andrew Procell
Limited Warranty Deed
—
Jun 9, 2016
$450,000
Andrew Procell
Unfinished Furniture Direct In
Warranty Deed
$372,000 · Space Coast Cu
Aug 23, 2005
—
Furniture Direct In Unfinished
—
Trustees Deed
related
$196,000 · Community Bank South
—
—
Aj S Furniture
—
Deed Of Trust
related
$35,173 · Barnett Bank
—
—
Unfinished Furniture Direct In
—
Deed Of Trust
related
$206,675 · Td Bank NA
—
—
Furniture Direct In Unfinished
—
Deed Of Trust
related
$354,084 · Community Bank South
—
—
Unfinished Furniture Direct
—
Deed Of Trust
related
$110,000 · Community Bank Of The South
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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