575-577 Gus Hipp Blvd, Rockledge, FL
Multi-tenant warehouse in Rockledge with value-add opportunity.
- Added:
- Apr 23, 2025
- Days on Market:
- 419
- Last Refresh:
- May 20 at 9:47 pm
Property Features for 575-577 Gus Hipp Blvd
General Information
- Standard status
- Active
- Size
- 9,320 SF
- Lot size
- 1.04 Acres
- Property subtype
- INDUSTRIAL
Listing agent Michael Moss II License ##SL3551933 (321) 266-1150
Listing office Lightle Beckner Robison, Inc. (321) 266-1150
Listing date Apr 23, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lightle Beckner Robison, Inc.
HighLights
- Value‑add opportunity with potential for increased income.
- Multi‑tenant warehouse featuring 14 grade‑level doors.
- Located on a premier Industrial zoned street in Rockledge.
- Total of 8,180 sqft. on the first floor with an additional 1,140 sqft. office space.
- Primarily block construction for durability.
- Clear heights of 10'-12' suitable for various industrial uses.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $8.40 |
| − Vacancy | −$2.7k | −$0.29 |
| EGI | $75.5k | $8.11 |
| − OpEx | −$11.3k | −$1.22 |
| NOI | $64.2k | $6.89 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- All Brevard Storage — 420 Barnes Blvd, Rockledge, FL 32955
- Public Storage — 3100 Murrell Rd, Rockledge, FL 32955
Location Insight
- Map
- Local Demand
- City
- Rockledge
- County
- Brevard
- State
- Florida
- Longitude
- -80.729
- Latitude
- 28.3198
