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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
1011 Cascade Cir Rockledge, FL 32955-8072
Entity Owned
25-yr Hold
Free & Clear
Property ID
US18-6110877
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,764 SF
Lot
11.43 ac (497,891 SF)
Zoning code
R3
APN
25-36-09-00-00501.0-0000.00
UPID
US18-6110877
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
$490k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$600k
Owner & transaction history
Fountain Development LLC · 25 yrs held
Fountain Development LLC
since 2001
2 recorded transactions
Zoning & alternative use
R3 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 multi family dwelling (high density) zone are intended to apply to any area predominantly developed with residential uses containing multiple family dwellings or which, by its location or trend of development or planned development designed in the comprehensive plan, is appropriate to such uses
Zone name
Multi Family Dwelling High Density District
General category
PLANNED_DEVELOPMENT
Zone area
210.03 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$855,000
+55.3%
Auto repair, garage
$620,000
+12.0%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$620,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$475,000
Change: -14% · Conversion: Moderate
MEDICAL BUILDING
$440,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$217 / 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
$246,417
Tax year 2023
Assessed value
$17,459,450
Assessed 2023
Previous assessed
$17,459,450
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$446,400
Assessed improvement
$17,013,050
Land market value
$446,400
Improvement market value
$17,013,050
Total market value
$17,459,450
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
9
Stories
1
Units
1
Total area
2,764 SF
Lot
11.43 ac (497,891 SF)
Zoning code
R3
APN
25-36-09-00-00501.0-0000.00
UPID
US18-6110877
Jurisdiction
BREVARD
Zoning & alternative use
R3 · Rockledge, FLZoning R3 · permitted uses
R3 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 multi family dwelling (high density) zone are intended to apply to any area predominantly developed with residential uses containing multiple family dwellings or which, by its location or trend of development or planned development designed in the comprehensive plan, is appropriate to such uses
Zone name
Multi Family Dwelling High Density District
General category
PLANNED_DEVELOPMENT
Zone area
210.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$620,000
RETAIL STORES
Est. value
$475,000
MEDICAL BUILDING
Est. value
$440,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
9
Units
1
Lot
11.43 ac
Current owner
From public records · entity-resolved
Fountain Development LLC
Entity
Free & Clear · 25 yrs held
Mailing address
1802 S FISKE BLVD STE #101, ROCKLEDGE, FL 32955-3029
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2001
—
Fountain Development LLC
Chaffiot Family Ptshp Ltd
Grant Deed
related
—
—
—
Fountain Dev LLC
—
Deed Of Trust
related
$200,000 · Gmac Commercial Mortgage Corp
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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