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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
2101 Us Hwy 1st 1 Rockledge, FL 32955-3758
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3654408
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,229 SF
Lot
0.33 ac (14,375 SF)
Zoning code
M2
APN
25-36-10-00-00758.1-0000.00
UPID
US18-3654408
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
$520k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$520k
Owner & transaction history
Horizon Contractor Services INC · 1 yrs held
Horizon Contractor Services INC
since 2024
Last sale
$520,000
6 recorded transactions
Zoning & alternative use
M2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$835,000
+23.9%
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$675,000
Current use
MEDICAL BUILDING
$835,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Oct 28 2024)
Last sale anchor
$520k
Oct 28 2024
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
$99 / 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
$5,225
Tax year 2023
Assessed value
$296,320
Assessed 2023
Previous assessed
$277,920
+6.6% YoY
Effective rate
1.76%
On assessed value
Assessed land
$25,300
Assessed improvement
$271,020
Land market value
$25,300
Improvement market value
$271,020
Total market value
$296,320
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
5,229 SF
Lot
0.33 ac (14,375 SF)
Zoning code
M2
APN
25-36-10-00-00758.1-0000.00
UPID
US18-3654408
Jurisdiction
BREVARD
Zoning & alternative use
M2 · Rockledge, FL
Zoning M2 · permitted uses
M2 · 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
WAREHOUSE, STORAGE Current
Est. value
$675,000
MEDICAL BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE Current
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Horizon Contractor Services INC
Entity
Mailing address
1392 GLENEAGLES WAY, ROCKLEDGE, FL 32955-2554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$520,000
Horizon Contractor Services INC
A Lopez Gonzalez Osmin
Warranty Deed
$114,680 · Osmin A Lopez Gonzalez Etal
Oct 8, 2021
$375,000
A Lopez Gonzalez Osmin
Gard Midtvaage
Warranty Deed
$350,000 · 2101 S Highway I Land Trust
Nov 25, 2019
$100
2101 S Highway 1 Land Trust
Rockledge Invest LLC
Quit Claim Deed
related
—
Sep 30, 2013
$251,600
Rockledge Invest LLC
Kragenbrink B H & R G Trust
Warranty Deed
$201,600 · Kragenbrink B H & R G Tr (pt)
Sep 8, 2008
—
Bruce H Kragenbrink
Kragenbrink,bruce H & Renna G
Quit Claim Deed
related
—
Sep 27, 2002
—
Pusatere R M
Kragenbrink,bruce H
Grant Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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