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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Office buildings
1017 Pathfinder Wayt1 Rockledge, FL 32955-3345
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4807186
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,796 SF
Lot
0.73 ac (31,799 SF)
Zoning code
M1
APN
25-36-09-00-00069.0-0000.00
UPID
US18-4807186
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
$1.30M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.13M
Owner & transaction history
Lmr Ventures LLC · 7 yrs held
Lmr Ventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of M1 general industrial district are intended to apply to an area developed to a variety of storage, warehousing and light industrial operations, or which by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such uses
Zone name
General Industrial
General category
PLANNED_DEVELOPMENT
Zone area
248.02 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.8M
+55.3%
Auto repair, garage
$1.3M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,400,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,155,000
Current use
COMMERCIAL (GENERAL)
$1,795,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,295,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$995,000
Change: -14% · Conversion: Moderate
MEDICAL BUILDING
$925,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$195 / 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
$11,255
Tax year 2023
Assessed value
$679,320
Assessed 2023
Previous assessed
$630,000
+7.8% YoY
Effective rate
1.66%
On assessed value
Assessed land
$106,040
Assessed improvement
$573,280
Land market value
$106,040
Improvement market value
$573,280
Total market value
$679,320
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
5,796 SF
Lot
0.73 ac (31,799 SF)
Zoning code
M1
APN
25-36-09-00-00069.0-0000.00
UPID
US18-4807186
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Rockledge, FLZoning M1 · permitted uses
M1 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of M1 general industrial district are intended to apply to an area developed to a variety of storage, warehousing and light industrial operations, or which by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such uses
Zone name
General Industrial
General category
PLANNED_DEVELOPMENT
Zone area
248.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$995,000
MEDICAL BUILDING
Est. value
$925,000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Lmr Ventures LLC
Entity
Free & Clear · 7 yrs held
Mailing address
699 AUTUMN GLN DR, MELBOURNE, FL 32940-6406
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
$635,000
Lmr Ventures LLC
Fpt Properties LLC
Warranty Deed
—
Aug 22, 2018
—
Fpt Properties LLC
—
Deed
related
$100,000 · Community Bk/south
Feb 16, 2009
—
Fpt Properties LLC
—
Trustees Deed
related
$100,000 · Community Bk/south
Feb 19, 2007
$855,900
Fpt Properties LLC
James Oday Co LLC
Warranty Deed
$932,000 · Community Bank Of The South
—
—
Fpt Properties LLC
—
Loan Modification
related
—
—
—
Fpt Properties LLC
—
Loan Modification
related
—
—
—
Fpt Properties LLC
—
Deed Of Trust
related
—
—
—
Fpt Properties LLC
—
Deed Of Trust
related
—
—
—
Fpt Properties LLC
—
Loan Modification
related
—
—
—
Fpt Properties LLC
—
Loan Modification
related
—
—
—
Fpt Properties LLC
—
Deed Of Trust
related
$150,000 · Community Bank South
—
—
Fpt Properties LLC
—
Loan Modification
related
$100,000 · Community Bk/south
—
—
Fpt Properties LLC
—
Deed Of Trust
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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