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Property profile & analytics
OFF-MARKET
Estimated value
$4,155,000
Truck terminals
641 Clearlake Rd, Cocoa, FL 32922-6309
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2916565
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,080 SF
Lot
1.58 ac (68,825 SF)
Zoning code
BU-2
APN
24-36-30-76-0000B.0-0002.00
UPID
US18-2916565
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
-
Sosua Auto LLC Car Dealership
-
BEENIE MOTORS LLC Car Dealership
-
Ride Ur Way Car Dealership
-
Green Light Auto Mall Car Dealership
-
Sunway Auto Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.16M
Owner & transaction history
Owner LLC · 3 yrs held
Owner LLC
since 2022
Last sale
$4.2M
3 recorded transactions
Zoning & alternative use
BU-2 · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.1M
+643.4%
Restaurant
$3.4M
+400.3%
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
$4,150,000
ML approach
$4,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,090,000
Change: +643% · Conversion: Difficult
RESTAURANT
$3,425,000
Change: +400% · Conversion: Difficult
Blend value · Realmo final
$4.16M
Range $3.74M – $4.57M · ±10% · vs last sale $4.20M (Nov 23 2022)
Last sale anchor
$4.20M
Nov 23 2022
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
$412 / 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
$20,222
Tax year 2023
Assessed value
$1,093,110
Assessed 2023
Previous assessed
$1,031,400
+6.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$120,970
Assessed improvement
$972,140
Land market value
$120,970
Improvement market value
$972,140
Total market value
$1,093,110
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
26
Total area
10,080 SF
Lot
1.58 ac (68,825 SF)
Zoning code
BU-2
APN
24-36-30-76-0000B.0-0002.00
UPID
US18-2916565
Jurisdiction
BREVARD
Zoning & alternative use
BU-2 · Cocoa, FL
Zoning 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
Cocoa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
RESTAURANT
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
26
Lot
1.58 ac
Current owner
From public records · entity-resolved
Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2801 SW 31ST AVE STE 2B, COCONUT GROVE, FL 33133-3540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 23, 2022
$4,200,000
Owner LLC
641 Clearlake LLC
Warranty Deed
—
Feb 28, 2020
$1,150,000
641 Clearlake LLC
Bhawant & Swaminaryan LLC
Warranty Deed
$69,000 · Bhawani & Swaminaryan LLC
Aug 2, 2016
$625,000
Bhawani & Swaminaryan LLC
George N Evans
Warranty Deed
—
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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