Flex Office with Industrial
For Sale
$5,000,000
295 Barnes Boulevard ROCKLEDGE, Rockledge, FL 32955
Versatile office-configured property with Industrial Use (IU) zoning and connectivity to major regional transportation routes.
Property Size27,925 SF
Price / SF$181.86
Days on Market110
Property Features for 295 Barnes Boulevard ROCKLEDGE
General Information
Standard status
Active
Size
27,925 SF
Zoning
IU
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$29,762
Amenities
Carpet,Ceramic Tile,Luxury Vinyl
true
2
Public Records
Trees/Landscaped
2.24
false
Ground Level,Over 30 Spaces
Asphalt,Paved
Slab
Business District,County Road,Main Throrughfare
27925
1
Building Details
Building Size
27,925 SF
Year Built
1988
Buildings
1
Stories
2
Listed By:
Anthony Gotham
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Oct 3
Last Checked: Oct 7 at 9:36AM
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 Anthony Gotham
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Investment Insights
Based on property information with market context.
The property at 295 Barnes Boulevard is a versatile commercial asset currently configured as professional office space, with an emphasis on immediate functionality for an owner-user. The existing office build-out supports headquarters-style operations, while the Industrial Use (IU) zoning provides flexibility to accommodate a range of commercial, service, flex, and light industrial uses. The configuration and zoning also support leasing flexibility, with the property capable of serving either a single-tenant user or a multi-tenant setup depending on how it is operated.
Located along Barnes Boulevard in Rockledge, the property offers access to major transportation corridors, including US-1, Interstate 95, and State Road 520, supporting convenient connectivity throughout Brevard County and the Central Florida region.
From a practical standpoint, the combination of an in-place office layout and IU zoning is designed to support both near-term office use and longer-term adaptability toward flex or light industrial space.
Located along Barnes Boulevard in Rockledge, the property offers access to major transportation corridors, including US-1, Interstate 95, and State Road 520, supporting convenient connectivity throughout Brevard County and the Central Florida region.
From a practical standpoint, the combination of an in-place office layout and IU zoning is designed to support both near-term office use and longer-term adaptability toward flex or light industrial space.
Key Highlights
- One building totaling 27,925 SF on a 2.24‑acre lot, built in 1988
- Industrial Use (IU) zoning; currently configured as professional office space
- 2 stories with heating and air conditioning (HVAC) and flooring including carpet, ceramic tile, and luxury vinyl
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$374,125
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,482,500
$7.5M
Cap Rate 7%
$5,344,643
$5.3M
Cap Rate 9%
$4,156,944
$4.2M
Market Conditions
NOI Build-Up for 27,493 SF
Gross rent
$593.8K $21.60/SF
− Vacancy
−$95.0K −$3.46/SF
EGI
$498.8K $18.14/SF
− OpEx
−$124.7K −$4.54/SF
NOI
$374.1K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,482,500
Cap Rate 7%
$5,344,643
Cap Rate 9%
$4,156,944
Alternative Uses
Best Use
Office B
$5.34M
$4.68M – $6.24M
NOI $374,125 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.25M
$6.35M – $8.46M
NOI $507,741 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Versatile office-configured property with Industrial Use (IU) zoning and connectivity to major regional transportation routes.
Where is this office building located?
The property is located at 295 Barnes Boulevard ROCKLEDGE Rockledge, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: One building totaling 27,925 SF on a 2.24‑acre lot, built in 1988; Industrial Use (IU) zoning; currently configured as professional office space; 2 stories with heating and air conditioning (HVAC) and flooring including carpet, ceramic tile, and luxury vinyl
