Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    575-577 Gus Hipp Blvd Rockledge, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multi-tenant warehouse in Rockledge with value-add opportunity.

    Type:INDUSTRIAL
    Property size:
    9,320 SF
    Lot size:
    1.04 Acres
    Price / SF:
    $128/SF
    Added:
    Apr 23, 2025
    Days on Market:
    374
    Last Refresh:
    Apr 5 at 10:52 pm

    Property Features for 575-577 Gus Hipp Blvd

    General Information

    Standard status
    Active
    Size
    9,320 SF
    Lot size
    1.04 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Michael Moss II

    Listing agent Michael Moss II

    Listing office Lightle Beckner Robison, Inc.

    Listing date Apr 23, 2025

    Source Moodyscre

    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 Lightle Beckner Robison, Inc.

    Overview

    Rockledge Multi-Tenant Warehouse For Sale

    This multi-tenant warehouse is located on one of Rockledge's premier industrially zoned streets. The property features a primarily block constructed warehouse with a total of 14 grade level doors and 10'-12' clear heights. The building has 8,180 square feet on the first floor, with an additional 1,140 square feet of upstairs office space attached to one of the bays, for a total of 9,320 square feet. The property currently holds six tenants, four of which are month-to-month. The other two tenants include the seller, who will be vacating upon the sale, and a tenant on a short-term lease. This property presents a value-add opportunity.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • All Brevard Storage — 420 Barnes Blvd, Rockledge, FL 32955
    • Public Storage — 3100 Murrell Rd, Rockledge, FL 32955

    Location Insight

    • Map
    • Local Demand
    City
    Rockledge
    County
    Brevard
    State
    Florida
    Longitude
    -80.729
    Latitude
    28.3198

    Nearby Similar for Sale

    • $214,000
      912 SF

      Rockledge Duplex with New Roof

      Well-maintained duplex on oversized lot, generating rental income.
      989 & 991 S FISKE BOULEVARD, ROCKLEDGE, FL 32955
      View Details
    • $589,999
      2,370 SF

      Renovated Commercial Building in Rockledge

      Fully renovated commercial property with two units in Rockledge, Florida.
      833 Barton Boulevard, Rockledge, FL 32955
      View Details
    • Contact for pricing
      18,843 SF

      Rockledge Industrial Facility For Sale

      18,843 SF industrial facility with office and warehouse space.
      485 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • $79
      18,843 SF

      Rockledge Industrial Facility For Sale

      18,843 SF industrial facility on 1.55 acres in Rockledge, Florida.
      485 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • $549,999
      2,370 SF

      Renovated Commercial Property in Rockledge

      Fully renovated commercial building with two units in Rockledge, FL.
      833 Barton Boulevard, Rockledge, FL 32955
      View Details
    • Contact for pricing
      4,800 SF

      Functional Office Suite with Warehouse

      Office suite with warehouse bay in Rockledge industrial location.
      1795 Cogswell Street, Unit 101, Rockledge, FL 32955
      View Details
    • $1,100,000
      6,826 SF

      Freestanding Medical Office Building

      Functional medical space in Rockledge, ready for occupancy.
      1099 Florida Ave, Rockledge, FL 32955
      View Details
    • $4,500,000
      32,896 SF

      Rockledge Industrial Property for Sale

      40,000 SF industrial property in Rockledge, Florida.
      1826 Baldwin St, Rockledge, FL
      View Details
    • $435,000
      2,266 SF

      Rockledge Duplex Investment Opportunity

      Income-producing duplex near Port Canaveral and Cocoa Beach.
      840 ANGELA AVE, Rockledge, FL 32955
      View Details
    • Contact for pricing
      7,717 SF

      Development Opportunity on Murrell Road

      Land available for future development along Murrell Road in Rockledge.
      Levitt Pkwy & Murrell Rd, Rockledge, FL 32955
      View Details
    • $1,850,000
      8,946 SF

      Medical Office Building For Sale

      8,946 SF medical office building near Rockledge Regional Medical Center.
      1281 Florida Ave S, Rockledge, FL
      View Details
    • Contact for pricing
      5,725 SF

      Restaurant Outparcel with Patio Space

      5,725 SF restaurant space with covered patio.
      5360 Stadium Pkwy, Rockledge, FL
      View Details

    FAQs

    What type of property is this?
    Warehouse - Multi-tenant warehouse in Rockledge with value-add opportunity.
    Where is this warehouse located?
    The property is located at 575-577 Gus Hipp Blvd Rockledge, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Value‑add opportunity with potential for increased income.; Multi‑tenant warehouse featuring 14 grade‑level doors.; Located on a premier Industrial zoned street in Rockledge.
    (321) 266-1150 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Moss II
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!