Flex Office with Industrial
295 Barnes Boulevard ROCKLEDGE Rockledge, FL 32955
For Sale
$5,000,000
Versatile office-configured property with Industrial Use (IU) zoning and connectivity to major regional transportation routes.
Property Size27,493 SF
Price / SF$181.86
Days on Market18
Property Features for 295 Barnes Boulevard ROCKLEDGE
General Information
- Standard status
- Active
- Size
- 27,493 SF
Building Details
- Year Built
- 1988
Listing Agency:
(904) 569-5862
Listed By:
Anthony Gotham
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 4:11PM
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
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 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 | $593.8k | $21.60 |
| − Vacancy | −$95.0k | −$3.46 |
| EGI | $498.8k | $18.14 |
| − OpEx | −$124.7k | −$4.54 |
| NOI | $374.1k | $13.61 |
27,493 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.34M
$4.68M – $6.24M
NOI $374,125 @ 7.0% cap · market cap 7.48%
Second Best
Flex RnD
$4.01M
$3.51M – $4.68M
NOI $280,709 @ 7.0% cap · market cap 5.61%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
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
