Property profile

1938 Murrell Rd Rockledge, FL 32955

OFF-MARKET
Warehouses
Property ID
US18-6083416
13,720 SF 1.95 ac lot Built 2002
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 2002
Construction STEEL FRAME
Total area 13,720 SF
Lot 1.95 ac (84,942 SF)
Zoning code M1
APN 25-36-10-00-00523.0-0000.00
UPID US18-6083416

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Industrial Manufacturer Production Facility

Location

1938 Murrell Rd Rockledge, FL 32955-3601
Rockledge metro Census 63104 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.35M
CAP Approach CAP
$1.46M
Comparable Approach Comparable
$1.69M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2021
Last sale
$1.3M
7 recorded transactions
2021
$1.3M
2020
Price N/A
2017
Price N/A
2017
$850,000
2002
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M1 · Rockledge, FL
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 dev…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Medical building $2.2M +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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