Flex Space with High
New
For Sale
Contact for pricing
446 Gus Hipp Boulevard, Rockledge, FL 32955
Warehousing and distribution zoning, on-site parking, and a reconfigurable interior support a range of commercial layouts.
Property Size5,750 SF
Price / SF$0.87
Days on Market2
Property Features for 446 Gus Hipp Boulevard
General Information
Standard status
Active
Size
5,750 SF
Additional Details
Highway Access
Yes
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Anthony Breitbach · License #3511383
(321) 213-3374
Source:
Startbrevardsearch
Added: Oct 23
Last Checked: Oct 23 at 5:33PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 5,750-square-foot flex property in Rockledge has high ceilings and a large-format Big Ass Fan. The interior was previously used as a karate studio, and layout changes can be discussed with the landlord. Optional air conditioning is available for lease.
The property has over 25 parking spaces and access to US-1 and I-95. NASA, Blue Origin, and SpaceX are described as minutes away. Zoning is designated for warehousing and distribution.
The property has over 25 parking spaces and access to US-1 and I-95. NASA, Blue Origin, and SpaceX are described as minutes away. Zoning is designated for warehousing and distribution.
Key Highlights
- 5,750 SF flex property
- Zoned for warehousing and distribution
- Over 25 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,138
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,760
$702.8K
Cap Rate 7%
$501,971
$502.0K
Cap Rate 9%
$390,422
$390.4K
Market Conditions
NOI Build-Up for 5,750 SF
Gross rent
$51.8K $9.00/SF
− Vacancy
−$1.6K −$0.27/SF
EGI
$50.2K $8.73/SF
− OpEx
−$15.1K −$2.62/SF
NOI
$35.1K $6.11/SF
Area
Brevard County, FL
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,760
Cap Rate 7%
$501,971
Cap Rate 9%
$390,422
Alternative Uses
Best Use
Flex RnD
$838.7K
$733.9K – $978.5K
NOI $58,709 @ 7.0% cap · market cap 1,174.18%
Second Best
Warehouse
$566.0K
$495.2K – $660.3K
NOI $39,618 @ 7.0% cap · market cap 792.36%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,191 @ 7.0% cap · market cap 2,123.82%
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
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Warehousing and distribution zoning, on-site parking, and a reconfigurable interior support a range of commercial layouts.
Where is this flex space located?
The property is located at 446 Gus Hipp Boulevard Rockledge, FL.
What are key features of this property?
This property features: 5,750 SF flex property; Zoned for warehousing and distribution; Over 25 parking spaces
