Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    147 Orange Ave Rockledge, FL 32955-2801

    • Medical Office Space
    • 2,657 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2024
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5048496
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 147 Orange Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.63 lot acres
    Property size
    2,657 SF
    Zone code
    HC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    25-36-04-00-00765.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockledge
    County
    Brevard
    State
    Florida
    Longitude
    -80.7254
    Latitude
    28.3357
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,735
    $121,550
    $219,090
    $340,640
    -
    $121,550
    $219,090
    $340,640

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      1197 Us Hwy 1st 1

      MEDICAL BUILDING • 2,700 SF
      1197 Us Hwy 1st 1, Rockledge, FL 32955-2713
      View Details
    • Value Estimation
      $580,000
      4,920 SF

      3230 Murrell Rd, Unit 102

      MEDICAL BUILDING • 4,920 SF
      3230 Murrell Rd, Rockledge, FL 32955-4407
      View Details
    • Value Estimation
      $575,000
      4,406 SF

      1029 Florida S Ave

      MEDICAL BUILDING • 4,406 SF
      1029 Florida S Ave, Rockledge, FL 32955-2191
      View Details
    • Value Estimation
      $605,000
      4,948 SF

      119 Longwood Ave

      MEDICAL BUILDING • 4,948 SF
      119 Longwood Ave, Rockledge, FL 32955-2827
      View Details
    • Value Estimation by Request
      3,520 SF

      895 Barton Blvd

      MEDICAL BUILDING • 3,520 SF
      895 Barton Blvd, Rockledge, FL 32955-3165
      View Details
    • Value Estimation
      $1,100,000
      11,076 SF

      1281 Florida S Ave

      MEDICAL BUILDING • 11,076 SF
      1281 Florida S Ave, Rockledge, FL 32955-2439
      View Details

    Similar Nearby for Sale

    • $1,850,000
      8,946 SF

      Florida Ave Medical Office Building

      8,946 SF Medical Office, Rockledge, FL
      1281 Florida Ave, Rockledge, FL 32955
      View Details
    • $650,000
      5,650 SF

      Rockledge Medical Office Building

      Prime Medical Office, High Occupancy
      105-107 Longwood Ave, Rockledge, FL 32955
      View Details
    • $599,999

      Rockledge Office Building - $599,999

      Prime Rockledge Office, Fully Renovated
      833 Barton Blvd, Rockledge, FL 32955
      View Details
    • $549,999
      2,370 SF

      Renovated Commercial Property in Rockledge

      Fully renovated commercial building with two units in Rockledge, FL.
      833 Barton Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Rockledge Industrial Facility For Sale

      18,843 SF industrial facility with office and warehouse space.
      485 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • $1,500,000
      6,000 SF

      Versatile Commercial Building in Rockledge

      6,000 sq ft commercial building in high-traffic Rockledge corridor.
      2070 S 1St St, Rockledge, FL 32955
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      8,946 SF

      Rockledge Medical Office Building

      Prime Medical Office Space Available in Rockledge, FL
      1281 Florida Ave, Rockledge, FL 32955
      View Details
    • $5,000 /Mo
      4,950 SF

      Spacious Assisted Living Ready Property

      4,300+ Sq. Ft. property perfect for assisted or independent living.
      811 Kentucky Ave, Rockledge, FL 32955
      View Details
    • Contact for pricing
      9,000 SF

      Medical Office Space in Viera

      Up to 9,000 SF available for lease in Viera.
      Stadium Pkwy, Melbourne, FL 32955
      View Details
    • $1,250 /Mo
      7,680 SF

      Rockledge Office Space For Rent

      Office space available for lease in Rockledge, Florida.
      406 Richard Rd, Rockledge, FL 32955
      View Details
    • $17 SF/Yr

      Office Space on Murrell Road

      Office suites available near Viera and Rockledge, Florida.
      389 Commerce Pkwy, Rockledge, FL 32955
      View Details
    • $14 SF/Yr
      16,635 SF

      Rockledge Office Space Available

      Prime Rockledge location, multiple suites.
      563 Barton Blvd, Rockledge, FL 32955
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    147 Orange Ave
    Rockledge, FL 32955-2801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!