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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Retail space
2137 Us Hwy 1st 102 Rockledge, FL 32955-3746
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-4389100
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,960 SF
Lot
3.18 ac (138,521 SF)
Zoning code
M2
APN
25-36-15-00-00071.0-0000.00
UPID
US18-4389100
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
$717k
Blend (final)
Blend
$865k
Owner & transaction history
Rockledge Land Co LLC · 19 yrs held
Rockledge Land Co LLC
since 2007
7 recorded transactions
Zoning & alternative use
M2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of M2 light industrial and warehousing district are intended to apply to an area developed as a planned industrial district or which, by its location or planned development designated in the comprehensive plan, is appropriate to such uses
Zone name
Light Industrial And Warehousing
General category
PLANNED_DEVELOPMENT
Zone area
145.08 ac
Source
Realmo
Top alternative use upside
Office building
$1.4M
+16.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,195,000
Current use
OFFICE BUILDING
$1,390,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$1,115,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$124 / 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
$11,003
Tax year 2023
Assessed value
$676,180
Assessed 2023
Previous assessed
$730,910
-7.5% YoY
Effective rate
1.63%
On assessed value
Assessed land
$242,450
Assessed improvement
$433,730
Land market value
$242,450
Improvement market value
$433,730
Total market value
$676,180
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
1
Total area
6,960 SF
Lot
3.18 ac (138,521 SF)
Zoning code
M2
APN
25-36-15-00-00071.0-0000.00
UPID
US18-4389100
Jurisdiction
BREVARD
Zoning & alternative use
M2 · Rockledge, FLZoning M2 · permitted uses
M2 · 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 M2 light industrial and warehousing district are intended to apply to an area developed as a planned industrial district or which, by its location or planned development designated in the comprehensive plan, is appropriate to such uses
Zone name
Light Industrial And Warehousing
General category
PLANNED_DEVELOPMENT
Zone area
145.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
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
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Rockledge Land Co LLC
Entity
Mailing address
PO BOX 561564, ROCKLEDGE, FL 32956-1564
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2007
$775,000
Rockledge Land Co LLC
Korp Ltd
Warranty Deed
$515,500 · Florida Business Bank
Oct 19, 2001
$175,000
Kevin L Riley
Kohn,benjamin
Grant Deed
$115,000 · Suntrust Bank NA
Jul 3, 2001
$106,600
Marine & Deck Lumber Co INC
Kohn,benjamin
Grant Deed
$82,000 · First Nat'l Bk & Tr Treasure C
Jul 3, 2001
$189,400
Pfi Land Development INC
Kohn,benjamin
Grant Deed
$146,000 · First Nat'l Bk & Tr Treasure C
—
—
Rockledge Land Co LLC
—
Deed Of Trust
related
$159,500 · Florida Business Bank
—
—
Rockledge Land Co LLC
—
Deed Of Trust
related
$240,500 · Florida Business Bank
—
—
Rockledge Land Co LLC
—
Deed Of Trust
related
$159,500 · Florida Business Bank
—
—
Rockledge Land Co LLC
—
Deed Of Trust
related
$200,000 · Prime Bank
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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