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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    450 Townsend Rd Cocoa, FL 32926-3308

    • Outlet malls
    • 139,514 SF
    • 20.22 lot acres
    OFF-MARKET
    Value Estimations
    $21,665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6121379
    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

    • Sam's Club Bakery / Bakery / Specialty Food Shop
    • Sam's Club / Big Box & Wholesale Store / Grocery & Convenience Store
    • Sam's Club Pharmacy / Pharmacy
    • Electrify America Charging Station / Electric Vehicle Charging Station
    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 450 Townsend Rd

    Year built
    2009
    Construction
    FRAME
    Lot size
    20.22 lot acres
    Property size
    139,514 SF
    Zone code
    CG
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    24-35-26-75-00000.0-0001.00
    APU
    9223372036854775807

    Description

    This exceptional 1.6-acre commercial land parcel presents a remarkable investment opportunity in Cocoa, Florida. Strategically located directly off Interstate 95 at exit 201, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any commercial venture. The site is zoned CG Commercial, offering a wide range of development possibilities. Its prime location provides easy access to a substantial workforce, situated just five minutes from a major Walmart Distribution Center employing over 500 individuals. The surrounding area is vibrant and bustling, featuring a diverse mix of established retailers including Camping World, Dunkin', McDonald's, IHOP, and Waffle House, creating a strong retail environment and high consumer traffic. This property's combination of high visibility, convenient location, and flexible zoning makes it an ideal site for a variety of commercial developments. The asking price is available upon request. Serious inquiries only. The property address is 450 Townsend Rd, Cocoa, FL 32926, situated in Brevard County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $26,810,000
      6.5%
      $24,745,000
      7%
      $22,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,524,000
      Market price range: $7.26M - $28.1M
      AI Estimate
      $21,719,000
      Market price range: $6.14M - $38.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $19,030,000
      Current use
      MEDICAL BUILDING
      $21,655,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $21,410,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $17,920,000
      Change: -6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $15,430,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.794
    Latitude
    28.3624
    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
    $200,687
    $2,100,310
    $6,601,580
    $8,701,890
    -
    $2,100,310
    $6,601,580
    $8,701,890

    Comparable in this City

    • Value Estimation
      $985,000
      10,000 SF

      3445 Hwy 1st 1

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      3445 Hwy 1st 1, Cocoa, FL 32926-8723
      View Details
    • Value Estimation
      $1,650,000
      14,625 SF

      3935 Hwy 1st 1

      SHOPPING CENTER, STRIP CENTER • 14,625 SF
      3935 Hwy 1st 1, Cocoa, FL 32926-5940
      View Details
    • Value Estimation
      $675,000
      8,112 SF

      285 Lk Vw Blvd

      SHOPPING CENTER, STRIP CENTER • 8,112 SF
      285 Lk Vw Blvd, Cocoa, FL 32926-4176
      View Details
    • Value Estimation
      $635,000
      9,960 SF

      3475 Hwy 1st 1

      SHOPPING CENTER, STRIP CENTER • 9,960 SF
      3475 Hwy 1st 1, Cocoa, FL 32926-8761
      View Details
    • Value Estimation
      $1,415,000
      13,356 SF

      2300 State Rd 524th Ste, Unit 109

      SHOPPING CENTER, STRIP CENTER • 13,356 SF
      2300 State Rd 524th Ste, Cocoa, FL 32926-5894
      View Details
    • Value Estimation by Request
      3,200 SF

      390 Burnett Rd, Unit 101

      SHOPPING CENTER, STRIP CENTER • 3,200 SF
      390 Burnett Rd, Cocoa, FL 32926-4076
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
      2,000 SF

      King Street Retail Space For Lease

      Cocoa, FL: Prime Retail Space Available
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      View Details
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      2,500 SF

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      New 2,500+ sqft NNN lease near Walmart and I-95.
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    • $8,500 /Mo

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      Automotive property with office, workshop, and pole barn space.
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      View Details
    • $16 SF/Yr
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      Cocoa Office/Retail Space on US-1

      1,100 SF Available, Hwy 1 Location
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      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
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    450 Townsend Rd
    Cocoa, FL 32926-3308
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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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