Retail and Office
1227-1253 Florida Ave. S Rockledge, FL 32955
1227-1253 Florida Ave. S, Rockledge, FL, 32955
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For Sale
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Well-maintained plaza with 12 suites and approximately 97% occupancy over the past three years.
Property Size11,850 SF
Price / SF$172.15
Days on Market31
Property Features for 1227-1253 Florida Ave. S
General Information
- Standard status
- Active
- Size
- 11,850 SF
- Property subtype
- Retail, Office
Listing agency
JM Real Estate, Inc.
(314) 795-4339
Listed by
Nicole Reed · License #BK3408136
Source
Crexi
Added: Jun 22 Updated: Jul 22 at 4:19AM Checked: Jul 22 at 4:19AM
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 JM Real Estate, Inc.
Investment Insights
Based on property information with market context.
Rockledge Plaza is an 11,850-square-foot retail and office investment property consisting of 12 suites ranging from 810 to 2,400 square feet. The asset has been well maintained and has maintained approximately 97% occupancy over the last three years. Extensive renovations include new electrical and plumbing systems, lighting, flooring, paint, and drywall, supporting reduced near-term capital needs.
Located on Florida Avenue with direct access to Cocoa Village, the property is positioned for strong local visibility. It is surrounded by established residential neighborhoods and commercial development.
Rockledge Plaza is offered for sale as a turnkey income-producing property with a diverse tenant mix and substantial improvements.
Located on Florida Avenue with direct access to Cocoa Village, the property is positioned for strong local visibility. It is surrounded by established residential neighborhoods and commercial development.
Rockledge Plaza is offered for sale as a turnkey income-producing property with a diverse tenant mix and substantial improvements.
Key Highlights
- Rockledge Plaza is an 11,850 SF retail and office investment property at 1227–1253 Florida Ave. S in Rockledge, FL
- 12 suites with sizes ranging from 810 SF to 2,400 SF
- Approximately 97% occupancy maintained over the last three years
Local Financial Insights For Office B
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 | $256.0k | $21.60 |
| − Vacancy | −$41.0k | −$3.46 |
| EGI | $215.0k | $18.14 |
| − OpEx | −$53.8k | −$4.54 |
| NOI | $161.3k | $13.61 |
11,850 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.30M
$2.02M – $2.69M
NOI $161,255 @ 7.0% cap · market cap 7.90%
Second Best
Retail
$1.95M
$1.71M – $2.28M
NOI $136,619 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,846 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Well-maintained plaza with 12 suites and approximately 97% occupancy over the past three years.
Where is this shopping center located?
The property is located at 1227-1253 Florida Ave. S Rockledge, FL.
What is the asking price?
The asking price for this property is $2,040,000.
What are key features of this property?
This property features: Rockledge Plaza is an 11,850 SF retail and office investment property at 1227–1253 Florida Ave. S in Rockledge, FL; 12 suites with sizes ranging from 810 SF to 2,400 SF; Approximately 97% occupancy maintained over the last three years
