Concrete Block Storefront
New
For Sale
$999,990
6490 Highway 1, Rockledge, FL 32955
Commercial Sale, Rockledge, FL
Property Size3,400 SF
Lot Size0.66 Acres
Price / SF$294.11
Days on Market4
Property Features for 6490 Highway 1
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Lot features
Corner Lot
Directions
From I-95 take Exit 191 (Wickham Rd) or Exit 195 (Fiske Blvd) east to US Highway 1. Head north on US Hwy 1 past Viera Blvd to 6490 S US Highway 1 on the west side of Highway 1.
Subdivision
218 - Suntree S of Wickham
Standard status
Active
APN
26-36-13-De-00002.0-0001.00
Size
3,400 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINEDA LOT 1 & PT OF LOT 5 BLK 2 & LOTS 3, 4, 6 BLK 3 W OF HWY R/W & ALL OF VAC 2ND ST THEREOF AS DES IN ORB 2217 PG 2121
Tax Annual Amount
7382
Legal Description
PINEDA LOT 1 & PT OF LOT 5 BLK 2 & LOTS 3, 4, 6 BLK 3 W OF HWY R/W & ALL OF VAC 2ND ST THEREOF AS DES IN ORB 2217 PG 2121
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1983
Number of units
2
Building materials
Block
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Esteban Jose Romero · License #3508106
(321) 290-9093
Added: Sep 18
Last Checked: Sep 21 at 5:06AM
MLS# 1087963
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property includes 3,400 SF under air and 3,840 gross SF within a solid concrete block building constructed in 1983. The 0.66-acre site provides a paved asphalt parking lot and dual curb cuts. An in-place tenant is currently operating at the property.
Located on US Highway 1 in Rockledge, the property carries BU-1 General Retail Commercial zoning. The stated zoning supports retail, office, showroom, medical, contractor flex, and service business uses. Public water and a septic tank serve the property, which also includes two bathrooms.
Located on US Highway 1 in Rockledge, the property carries BU-1 General Retail Commercial zoning. The stated zoning supports retail, office, showroom, medical, contractor flex, and service business uses. Public water and a septic tank serve the property, which also includes two bathrooms.
Key Highlights
- 3,400 SF under air and 3,840 gross SF
- 0.66‑acre commercial site on US Highway 1
- BU‑1 General Retail Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,199
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
7-Eleven
Shops & Services
11,925 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,951 visits/mo
0.3 miles
Marathon
Shops & Services
5,454 visits/mo
0.3 miles
Public Storage
Shops & Services
1,421 visits/mo
0.3 miles
Maaco
Shops & Services
458 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail-zoned commercial property with an existing tenant, paved parking, and two curb cuts along a major US corridor.
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 and 3,840 gross SF; 0.66‑acre commercial site on US Highway 1; BU‑1 General Retail Commercial zoning
