Industrial Manufacturing
New
For Sale
$3,900,000
1808 Baldwin Street, Rockledge, FL 32955
Commercial Sale, Rockledge, FL
Property Size31,896 SF
Lot Size2.87 Acres
Price / SF$122.27
Days on Market4
Property Features for 1808 Baldwin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Parking features
Parking Lot
Directions
US 1-North Harbor City Blvd, West on Barton Blvd, left after Peace In the Garden Cafe onto Baldwin Street, turn left on Baldwin Street.
Subdivision
214 - Rockledge - West of US1
Standard status
Active
APN
25-36-09-00-00016.0-0000.00
Size
31,896 SF
Lot size
2.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF NW 1/4 OF NE 1/4 AS DES IN ORB 550 PG 828 & ORB 555 PG 771 EXC ORB 788 PG 107 & 1010 PG 682 & EXC ORB 634 PG 649 PAR 17
Tax Annual Amount
21918
Legal Description
PART OF NW 1/4 OF NE 1/4 AS DES IN ORB 550 PG 828 & ORB 555 PG 771 EXC ORB 788 PG 107 & 1010 PG 682 & EXC ORB 634 PG 649 PAR 17
Utilities
Sewer type
Public Sewer
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle, Membrane
Listing Agency:
Denovo Realty
(321) 237-1887
Listed By:
Nick F Farinella · License #FL536213
(321) 543-1685
Added: Sep 24
Last Checked: Sep 27 at 6:06AM
MLS# 1088444
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Rockledge manufacturing campus comprises two connected buildings on 2.87 acres. About 75% of the space is climate controlled, and each building has at least two grade-level truck-access doors. The property includes six operational CNC machines, including a Haas EC-500 horizontal machining center, along with machining and support infrastructure.
Both buildings have three-phase 220V service. Reported 440V capacity was added in 2021 for a compressor system. Municipal water and sewer serve the site, which is zoned M-1 General Industrial. Equipment, machinery, tooling, and related assets may be available separately, subject to negotiated terms and final inventory.
Both buildings have three-phase 220V service. Reported 440V capacity was added in 2021 for a compressor system. Municipal water and sewer serve the site, which is zoned M-1 General Industrial. Equipment, machinery, tooling, and related assets may be available separately, subject to negotiated terms and final inventory.
Key Highlights
- Two connected buildings on 2.87 acres
- Six operational CNC machines, including a Haas EC‑500 horizontal machining center
- About 75% climate controlled
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$219,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,395,340
$4.4M
Cap Rate 7%
$3,139,529
$3.1M
Cap Rate 9%
$2,441,856
$2.4M
Market Conditions
NOI Build-Up for 31,896 SF
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.
Gross rent
$267.9K $8.40/SF
− Vacancy
−$9.4K −$0.29/SF
EGI
$258.5K $8.11/SF
− OpEx
−$38.8K −$1.22/SF
NOI
$219.8K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,395,340
Cap Rate 7%
$3,139,529
Cap Rate 9%
$2,441,856
Alternative Uses
Best Use
Warehouse
$3.14M
$2.75M – $3.66M
NOI $219,767 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$2.78M
$2.44M – $3.25M
NOI $194,916 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$8.42M
$7.36M – $9.82M
NOI $589,055 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - M-1 zoning and six operational CNC machines support an established manufacturing operation.
Where is this manufacturing property located?
The property is located at 1808 Baldwin Street Rockledge, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Two connected buildings on 2.87 acres; Six operational CNC machines, including a Haas EC‑500 horizontal machining center; About 75% climate controlled
