Property profile

798 Clearlake Rd Cocoa, FL 32922

OFF-MARKET
Truck terminals
Property ID
US18-2911069
21,290 SF 1 ac lot Built 1964
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial warehouse property at 798 Clearlake Road in Cocoa, Florida, offers 21,290 square feet of versatile space, ideally suited for a variety of businesses. Built in 1964, the property features four available units ranging in size from 2,500 to 12,905 square feet, providing flexibility for tenants with diverse space requirements. The multiple tenancy structure allows for a mix of businesses or the potential for a single large tenant to occupy the entire space. The property's strategic location offers unparalleled access to major transportation arteries. Its proximity to State Road 520 and State Road 528 ensures convenient commutes to Orlando and the thriving beachside communities. Furthermore, the warehouse benefits from its location near Eastern Florida State College, the University of Central Florida, and Florida Solar Energy, providing access to a skilled workforce and potential synergies. This well-situated warehouse presents a unique opportunity for businesses seeking efficient, accessible, and versatile industrial space in a dynamic and growing area of Florida. The property's address is 798 Clearlake Rd, Cocoa, FL 32922.

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,290 SF
Lot 1 ac (43,560 SF)
Zoning code IU
APN 24-36-29-00-00506.0-0000.00
UPID US18-2911069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer
  • Big Box & Wholesale Store
  • Sustainability Organization Volunteer Organization

Location

798 Clearlake Rd Cocoa, FL 32922-5114
Cocoa metro Census 62301 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
$885k
Blend (final) Blend
$930k

Owner & transaction history

since 2023
Last sale
$1.1M
5 recorded transactions
2023
$1.1M
2023
$675,000
2015
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IU · Cocoa, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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