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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
1 Orange Ave Rockledge, FL 32955-2945
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5994397
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,960 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1
APN
25-36-03-52-00000.0-000A.00
UPID
US18-5994397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$859k
Blend (final)
Blend
$745k
Owner & transaction history
Ol Merco LLC · 5 yrs held
Ol Merco LLC
since 2021
5 recorded transactions
Zoning & alternative use
C1 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C1 zone is intended to apply to an area predominantly developed to selected commercial uses which serve primarily residential areas adjacent and tributary thereto or which, by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such uses
Zone name
Neighborhood Retail Commercial
General category
PLANNED_DEVELOPMENT
Zone area
40.23 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockledge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Current use
RETAIL STORES
$1,020,000
Change: -14% · Conversion: Moderate
MEDICAL BUILDING
$955,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,650
Tax year 2023
Assessed value
$345,950
Assessed 2023
Previous assessed
$327,430
+5.7% YoY
Effective rate
1.92%
On assessed value
Assessed land
$29,700
Assessed improvement
$316,250
Land market value
$29,700
Improvement market value
$316,250
Total market value
$345,950
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
7
Total area
5,960 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1
APN
25-36-03-52-00000.0-000A.00
UPID
US18-5994397
Jurisdiction
BREVARD
Zoning & alternative use
C1 · Rockledge, FLZoning C1 · permitted uses
C1 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C1 zone is intended to apply to an area predominantly developed to selected commercial uses which serve primarily residential areas adjacent and tributary thereto or which, by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such uses
Zone name
Neighborhood Retail Commercial
General category
PLANNED_DEVELOPMENT
Zone area
40.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$955,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ol Merco LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1013 ROCKLEDGE DR, ROCKLEDGE, FL 32955-2900
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
—
Ol Merco LLC
Ralph Mccoig
Quit Claim Deed
related
—
Mar 17, 2021
—
Ralph Mccoig
Joseph E Miniclier
Deed
—
Aug 3, 2015
$250,000
Historical Property Trust
Butt,noah IV
Warranty Deed
—
Jul 19, 2012
—
Noah Butt IV
Butt Annie B Trust
Quit Claim Deed
related
—
Apr 13, 2005
—
Butt Annie B Trust
Butt Annie B Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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