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    Property profile & analytics

    2700 Clearlake Rd Cocoa, FL 32922-5716

    • Outlet malls
    • 211,753 SF
    • 25.16 lot acres
    OFF-MARKET
    Value Estimations
    $19,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0201549
    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

    • Walmart Connection Center / Mobile Phone Store / Electronics & Wireless Store
    • Coinstar / Bank / Credit Union
    • ecoATM / Mobile Phone Store / Electronics & Wireless Store
    • Walmart Garden Center / Garden Center
    • WalMart Super Center / Electronics & Wireless Store

    Property Details for 2700 Clearlake Rd

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    25.16 lot acres
    Property size
    211,753 SF
    Zone code
    CG
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    24-36-17-00-00256.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,185,000
      Market price range: $9.52M - $31.0M
      AI Estimate
      $16,055,000
      Market price range: $9.52M - $27.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $24,230,000
      Current use
      AUTO REPAIR, GARAGE
      $27,195,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $23,420,000
      Change: -3% Conversion: Moderate
      WAREHOUSE, STORAGE
      $20,745,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7537
    Latitude
    28.3955
    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
    $296,239
    $3,012,820
    $10,156,350
    $13,169,170
    -
    $3,012,820
    $10,156,350
    $13,169,170

    Comparable in this City

    • Value Estimation by Request
      6,300 SF

      1605 Cocoa Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,300 SF
      1605 Cocoa Blvd, Cocoa, FL 32922-6900
      View Details
    • Value Estimation
      $1,945,000
      16,421 SF

      4 Harrison St

      SHOPPING CENTER, STRIP CENTER • 16,421 SF
      4 Harrison St, Cocoa, FL 32922-7934
      View Details
    • Value Estimation by Request
      2,140 SF

      1122 Lk Dr Ste A

      SHOPPING CENTER, STRIP CENTER • 2,140 SF
      1122 Lk Dr Ste A, Cocoa, FL 32922-8682
      View Details
    • Value Estimation by Request
      2,184 SF

      2507 Cocoa Blvd

      SHOPPING CENTER, STRIP CENTER • 2,184 SF
      2507 Cocoa Blvd, Cocoa, FL 32922-7067
      View Details
    • Value Estimation by Request
      2,500 SF

      421 Brevard Ave

      SHOPPING CENTER, STRIP CENTER • 2,500 SF
      421 Brevard Ave, Cocoa, FL 32922-7901
      View Details
    • Value Estimation by Request
      4,345 SF

      1240 Dixon Blvd

      SHOPPING CENTER, STRIP CENTER • 4,345 SF
      1240 Dixon Blvd, Cocoa, FL 32922-4414
      View Details

    Similar Nearby for Sale

    • 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
    • $3,000,000

      Versatile Commercial Property in Cocoa

      9-acre commercial property with warehouse, ideal for diverse businesses.
      135 Clear Lake Ct, Cocoa, FL 32922
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    • $1,150,000
      3,978 SF

      Cocoa Village Commercial Office Space

      Commercial office space in the heart of Cocoa Village.
      625 629, Cocoa, FL 32922
      View Details
    • Contact for pricing
      4,000 SF

      Cocoa Retail/Warehouse Opportunity

      4,000 SF building with retail and warehouse space.
      308 Willard St, Cocoa, FL 32922
      View Details
    • $424,900
      3,920 SF

      Mixed-Use Property with Lease Income

      Two-building mixed-use property with lease income and redevelopment potential.
      1229-1231 W King St, Cocoa, FL 32922
      View Details
    • $775,000
      2,358 SF

      Cocoa Income Property For Sale

      Four-unit income property near Cocoa Village, ideal for investors.
      222 Rosa L Jones Dr, Cocoa, FL 32922
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    Similar Nearby for Lease

    • Contact for pricing
      42,000 SF

      Byrd Plaza Retail Center

      Cocoa, FL Strip Mall - High Traffic
      801 Dixon Blvd, Cocoa, FL 32922
      View Details
    • $10 SF/Yr
      8,800 SF

      Dixon Plaza: Cocoa Retail Space

      Prime Cocoa retail center, 8,800 sq ft.
      904 Dixon Blvd, Cocoa, FL 32922
      View Details
    • $9 SF/Yr
      14,618 SF

      University Row: Cocoa Commercial Space

      Multi-tenant office, retail, & industrial space in Cocoa, FL.
      1314 Clearlake Rd, Cocoa, FL 32922
      View Details
    • $10 SF/Yr
      1,380 SF

      Cocoa Boulevard Office Space

      Prime Cocoa location, updated office, 1380 sq ft.
      1811 Cocoa Blvd, Cocoa, FL 32922
      View Details
    • $7 SF/Yr
      15,000 SF

      Curtis Blvd Retail Opportunity

      Prime Retail Land, 15,000 SF Building
      3805 Curtis Blvd, Cocoa, FL 32922
      View Details
    • $22 SF/Yr
      12,163 SF

      Village Tower Office Suites

      Cocoa, FL Executive Office Space Available
      311 Brevard Ave, Cocoa, FL 32922
      View Details

    Property Visit Statistics

    • Visits by month
      217.7k
    • Visitors by month
      86.7k
    • Avg Time on site
      37 min
    Request Owner's contact information
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    2700 Clearlake Rd
    Cocoa, FL 32922-5716
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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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