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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Strip malls
1856 Us Hwy 1st 1 Rockledge, FL 32955-2822
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6013075
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,004 SF
Lot
10.75 ac (468,270 SF)
Zoning code
C2
APN
25-36-10-00-00252.0-0000.00
UPID
US18-6013075
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
$5.13M
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$4.60M
Owner & transaction history
Rockledge Station LLC · 10 yrs held
Rockledge Station LLC
since 2015
2 recorded transactions
Zoning & alternative use
C2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+63.2%
Office building
$5.0M
+45.7%
Retail stores
$4.3M
+25.3%
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%
$5,550,000
6.5%
$5,125,000
7%
$4,760,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,425,000
Current use
AUTO REPAIR, GARAGE
$5,585,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$4,985,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$4,290,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$4,000,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±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
$184 / 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
$104,754
Tax year 2023
Assessed value
$5,965,820
Assessed 2023
Previous assessed
$2,649,210
+125.2% YoY
Effective rate
1.76%
On assessed value
Assessed land
$913,520
Assessed improvement
$5,052,300
Land market value
$913,520
Improvement market value
$5,052,300
Total market value
$5,965,820
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
5
Total area
25,004 SF
Lot
10.75 ac (468,270 SF)
Zoning code
C2
APN
25-36-10-00-00252.0-0000.00
UPID
US18-6013075
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Rockledge, FL
Zoning C2 · permitted uses
C2 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockledge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
5
Lot
10.75 ac
Current owner
From public records · entity-resolved
Rockledge Station LLC
Entity
Free & Clear · 10 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Nov 4, 2015
$4,800,000
Rockledge Station LLC
Pmat Melbourne LLC
Grant Deed
—
Oct 10, 2005
$6,250,000
Pmat Melbourne LLC
Eastern Retail Holdings
Grant Deed
—
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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