Industrial Manufacturing
For Sale
$3,900,000
1808 Baldwin Street, Rockledge, FL 32955
Two connected buildings provide climate-controlled production space with industrial power and grade-level truck access.
Property Size31,896 SF
Lot Size2.87 Acres
Price / SF$122.27
Days on Market24
Property Features for 1808 Baldwin Street
General Information
Standard status
Active
Size
31,896 SF
Lot size
2.87 Acres
Property subtype
Commercial
Zoning
M-1
Lease Term
[]
Warehouse & Industrial
Voltage
220 V
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1984
Buildings
2
Listing Agency:
Denovo Realty
Listed By:
Nick F Farinella
(321) 259-2993
Source:
Onesothebysrealty
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 5 at 8:48PM
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 Denovo Realty
Investment Insights
Based on property information with market context.
This freestanding manufacturing campus contains two connected buildings totaling approximately 32,896 square feet on 2.87 acres. The larger building is approximately 21,000 square feet and dates to 2000; the second is 11,896 square feet and was built in 1984. About 75% of the space is climate controlled, and each building has at least two grade-level truck-access doors. Both buildings have three-phase 220V service, with reported 440V capacity added in 2021 for a compressor system. Municipal water and sewer serve the property, which is zoned M-1 General Industrial.
The operational manufacturing setup includes six CNC machines, among them a Haas EC-500 horizontal machining center, along with machining and support infrastructure. Equipment, machinery, tooling, and related assets may be available separately, subject to negotiated terms and final inventory.
The operational manufacturing setup includes six CNC machines, among them a Haas EC-500 horizontal machining center, along with machining and support infrastructure. Equipment, machinery, tooling, and related assets may be available separately, subject to negotiated terms and final inventory.
Key Highlights
- Two connected buildings totaling approximately 32,896 SF on 2.87 acres
- Approximately 21,000 SF building constructed in 2000 and 11,896 SF building built in 1984
- About 75% climate controlled; each building has at least two grade‑level truck‑access doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,767
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
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
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 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
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
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
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 - Two connected buildings provide climate-controlled production space with industrial power and grade-level truck access.
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 totaling approximately 32,896 SF on 2.87 acres; Approximately 21,000 SF building constructed in 2000 and 11,896 SF building built in 1984; About 75% climate controlled; each building has at least two grade‑level truck‑access doors
