Renovated Commercial Property in
For Sale
$549,999
833 Barton Blvd, Rockledge, FL 32955
Fully renovated commercial building with two units in Rockledge, Florida.
Property Size2,370 SF
Price / SF$232.07
Days on Market276
Property Features for 833 Barton Blvd
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
Mike Selig & Associates Inc
Listed By:
Mike Selig · License #138897
(321) 639-1111
Source:
Viewfloridabeachhouses
Added: Jan 3
Changed: Oct 1
Last Checked: Oct 5 at 6:52PM
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 Mike Selig & Associates Inc
Investment Insights
Based on property information with market context.
This commercial property is located on a main street in Rockledge. The fully renovated building features modern aesthetics and functional design. The property includes a new roof with a 10-year manufacturer's warranty, a new sewer exit pipe, VT flooring, fresh paint inside and out, new bathrooms and kitchen facilities. Upgrades to the electrical system and the installation of Cat 6 wiring have been completed. New AC units and an instant hot water heater have been installed. The property features two separate units, providing the opportunity for additional rental income or flexible configurations to suit various commercial needs. Inside, there are spacious offices complemented by a large conference room, suitable for open-plan working areas, private offices, or creative studios. The exterior features new landscaping. This property is suitable for businesses looking to thrive in a diverse community.
Key Highlights
- Two separate units offer rental income potential or flexible configurations.
- Fully renovated with modern aesthetics and functional design.
- Prime location on a busy main street with high visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,251
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Fully renovated commercial building with two units in Rockledge, Florida.
Where is this office building located?
The property is located at 833 Barton Blvd 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: Two separate units offer rental income potential or flexible configurations.; Fully renovated with modern aesthetics and functional design.; Prime location on a busy main street with high visibility.
