Tenanted Storefront
6490 Highway 1, Rockledge, FL 32955
For Sale
$999,990
Pending
BU-1 zoning accommodates a broad mix of general retail commercial uses.
Property Size3,400 SF
Lot Size0.66 Acres
Days on Market53
Property Features for 6490 Highway 1
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Waterman Real Estate Inc.
Listed By:
Meili Viera Porter · License #3215665
(321) 244-7653
Source:
Mvpsalesgroup
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 8 at 2:28PM
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 Waterman Real Estate Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property contains 3,400 square feet under air and 3,840 gross square feet, with concrete block construction dating to 1983. A tenant is in place. The 0.66-acre parcel includes asphalt parking and two curb cuts.
The property fronts US Highway 1 in Rockledge, Florida. Its BU-1 General Retail Commercial zoning supports retail, office, showroom, medical, contractor flex, and service business uses.
The property fronts US Highway 1 in Rockledge, Florida. Its BU-1 General Retail Commercial zoning supports retail, office, showroom, medical, contractor flex, and service business uses.
Key Highlights
- 3,400 SF under air; 3,840 gross SF
- 0.66‑acre parcel with asphalt parking and dual curb cuts
- Direct frontage on US Highway 1 in Rockledge, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,199
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,980
$784.0K
Cap Rate 7%
$559,986
$560.0K
Cap Rate 9%
$435,544
$435.5K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$61.2K $18.00/SF
− Vacancy
−$5.2K −$1.53/SF
EGI
$56.0K $16.47/SF
− OpEx
−$16.8K −$4.94/SF
NOI
$39.2K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,980
Cap Rate 7%
$559,986
Cap Rate 9%
$435,544
Alternative Uses
Best Use
Retail
$560.0K
$490.0K – $653.3K
NOI $39,199 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$897.0K
$784.9K – $1.05M
NOI $62,791 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$327,000
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Brevard County, FL
Properties on Market for Storefront properties in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - BU-1 zoning accommodates a broad mix of general retail commercial uses.
Where is this storefront property located?
The property is located at 6490 Highway 1 Rockledge, FL.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: 3,400 SF under air; 3,840 gross SF; 0.66‑acre parcel with asphalt parking and dual curb cuts; Direct frontage on US Highway 1 in Rockledge, Florida
