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Property profile & analytics
OFF-MARKET
Office buildings
1703 Msn Bay Cir Rockledge, FL 32955-6668
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6100597
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
WOOD
Total area
4,582 SF
Lot
30.84 ac (1,343,390 SF)
Zoning code
PUD
APN
25-36-33-SQ-0000A.0-0000.00
UPID
US18-6100597
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1703 Mission Bay Circle Fl Owner Ll · 4 yrs held
1703 Mission Bay Circle Fl Owner Ll
since 2022
Last sale
$32.6M
2 recorded transactions
Zoning & alternative use
PUD · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of PUD zone is to provide for planned residential communities, containing a variety of residential structures and diversity of building arrangements with complementary and compatible commercial or industrial uses or both, planned commercial centers with complementary and compatible residential or industrial uses or both or planned industrial park…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
1,859.41 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$310,219
Tax year 2023
Assessed value
$25,509,700
Assessed 2023
Previous assessed
$25,345,580
+0.6% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,134,000
Assessed improvement
$24,375,700
Land market value
$1,134,000
Improvement market value
$24,375,700
Total market value
$25,509,700
Applied tax rate
430.0000
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
2002
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
18
Stories
1
Units
1
Total area
4,582 SF
Lot
30.84 ac (1,343,390 SF)
Zoning code
PUD
APN
25-36-33-SQ-0000A.0-0000.00
UPID
US18-6100597
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Rockledge, FLZoning PUD · permitted uses
PUD · 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 PUD zone is to provide for planned residential communities, containing a variety of residential structures and diversity of building arrangements with complementary and compatible commercial or industrial uses or both, planned commercial centers with complementary and compatible residential or industrial uses or both or planned industrial parks
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
1,859.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
18
Units
1
Lot
30.84 ac
Current owner
From public records · entity-resolved
1703 Mission Bay Circle Fl Owner Ll
Individual
Mailing address
PO BOX A3951, CHICAGO, IL 60690-3951
Ownership since
2022
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
Jan 13, 2022
$32,568,800
1703 Mission Bay Circle Fl Owner Ll
Mission Bay Associates Ltd
Special Warranty Deed
—
—
—
Mission Bay Associates Ltd
—
Deed Of Trust
related
$15,000,000 · Morgan Stanley Mtg Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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