Renovated Office Building with Two
For Sale
$549,999
833 Barton Boulevard, Rockledge, FL 32955
SINGLE_FAMILY - Rockledge, FL
Property Size2,370 SF
Lot Size0.17 Acres
Price / SF$232.07
Days on Market837
Property Features for 833 Barton Boulevard
General Information
Property type
Residential
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street, Parking Lot
Subdivision
Cocoa Rockledge Land Cos 1st Addn
Directions
From US-1 go west on Barton Blvd. Building will be down on the left just past the intersection with Cedar St.
Standard status
Active
Size
2,370 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
25-36-09-CQ-1-7
Tax Annual Amount
4238
Legal Description
25-36-09-CQ-1-7
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block, Stucco
Roof type
Membrane
Listing Agency:
Mike Selig & Associates Inc
(321) 639-1111
Listed By:
Mike Selig · License #138897
(321) 639-1111
Added: May 15, 2024
Changed: Jul 29
Last Checked: Aug 29 at 11:06AM
MLS# 1014018
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 fully renovated office building features two separate units with a functional, modern layout. Interior updates include new VT flooring, fresh interior and exterior paint, new bathrooms, and kitchen facilities. The building also includes substantial system improvements such as an upgraded electrical system with Cat 6 wiring, new AC units, and an instant hot water heater, along with a newly installed roof backed by a 10-year manufacturer’s warranty. On the office side, the configuration includes spacious office areas and a large conference room suited to meetings and collaboration.
The property is located on one of Rockledge’s main streets, with exterior landscaping updates included. Additional upgrades noted include a new sewer exit pipe.
With two distinct units, the building supports flexible occupancy or potential income from separate tenancies while maintaining a consistent, professionally improved office environment throughout.
The property is located on one of Rockledge’s main streets, with exterior landscaping updates included. Additional upgrades noted include a new sewer exit pipe.
With two distinct units, the building supports flexible occupancy or potential income from separate tenancies while maintaining a consistent, professionally improved office environment throughout.
Key Highlights
- 1974 block and stucco commercial building with central heating and central air cooling
- Two separate units with interior spaces including offices and a large conference room
- New roof with 10‑year manufacturer warranty; membrane roof
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
$32,251
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
5.86%
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%
$645,020
$645.0K
Cap Rate 7%
$460,729
$460.7K
Cap Rate 9%
$358,344
$358.3K
Market Conditions
NOI Build-Up for 2,370 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
$51.2K $21.60/SF
− Vacancy
−$8.2K −$3.46/SF
EGI
$43.0K $18.14/SF
− OpEx
−$10.8K −$4.54/SF
NOI
$32.3K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$645,020
Cap Rate 7%
$460,729
Cap Rate 9%
$358,344
Alternative Uses
Best Use
Office B
$460.7K
$403.1K – $537.5K
NOI $32,251 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.3K
$547.1K – $729.5K
NOI $43,769 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
632
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office building with two separate units, featuring updated interiors, bathrooms, kitchen facilities, and Cat 6 wiring.
Where is this office units located?
The property is located at 833 Barton Boulevard Rockledge, FL.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 1974 block and stucco commercial building with central heating and central air cooling; Two separate units with interior spaces including offices and a large conference room; New roof with 10‑year manufacturer warranty; membrane roof
