Drug Store Building with Retail
For Sale
Contact for pricing
925 Barton Boulevard, Rockledge, FL 32955
Standalone retail property with city water, connected sewer, electric service, and direct road access.
Property Size13,841 SF
Lot Size1.87 Acres
Price / SF$199.34
Days on Market115
Property Features for 925 Barton Boulevard
General Information
Standard status
Active
Size
13,841 SF
Class
A
Lot size
1.87 Acres
Property subtype
Retail
Zoning
C1
Lease Type
NNN
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Opportunity Zone
No
Building Details
Tenancy
Single
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias · License #Florida
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Jul 3 at 1:51PM
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 ACRE Expert LLC
Investment Insights
Based on property information with market context.
This 13,841-square-foot commercial building is configured as a retail property and identified as a drug store asset. The site encompasses 1.87 acres, with city water, connected sewer, and connected electric service supporting the property. Direct road access is provided.
Located on Barton Boulevard in Rockledge, Florida, the property is outside a flood zone and has no wetlands. The parcel is not designated as an opportunity zone.
Located on Barton Boulevard in Rockledge, Florida, the property is outside a flood zone and has no wetlands. The parcel is not designated as an opportunity zone.
Key Highlights
- 13,841‑square‑foot commercial building
- 1.87‑acre site with 81,457 square feet of land
- Retail building identified as a drug store property
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
$184,362
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
6.68%
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%
$3,687,240
$3.7M
Cap Rate 7%
$2,633,743
$2.6M
Cap Rate 9%
$2,048,467
$2.0M
Market Conditions
NOI Build-Up for 13,841 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
$265.7K $19.20/SF
− Vacancy
−$19.9K −$1.44/SF
EGI
$245.8K $17.76/SF
− OpEx
−$61.5K −$4.44/SF
NOI
$184.4K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /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%
$3,687,240
Cap Rate 7%
$2,633,743
Cap Rate 9%
$2,048,467
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,362 @ 7.0% cap · market cap 6.68%
Second Best
Retail
$2.28M
$1.99M – $2.66M
NOI $159,573 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,616 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
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
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - Standalone retail property with city water, connected sewer, electric service, and direct road access.
Where is this drug store located?
The property is located at 925 Barton Boulevard Rockledge, FL.
What is the asking price?
The asking price for this property is $2,759,000.
What are key features of this property?
This property features: 13,841‑square‑foot commercial building; 1.87‑acre site with 81,457 square feet of land; Retail building identified as a drug store property
