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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Office buildings
2153 Us Hwy 1st 1 Rockledge, FL 32955-3746
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4313005
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
WOOD
Total area
2,908 SF
Lot
3.06 ac (133,294 SF)
Zoning code
M2
APN
25-36-15-00-00018.0-0000.00
UPID
US18-4313005
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
$950k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$820k
Owner & transaction history
Sea Flower Properties LLC · 4 yrs held
Sea Flower Properties LLC
since 2022
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
M2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$900,000
+55.3%
Auto repair, garage
$650,000
+12.0%
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
$830,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
COMMERCIAL (GENERAL)
$900,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$650,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$500,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $975k (Jun 8 2022)
Last sale anchor
$975k
Jun 8 2022
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
$282 / 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
$9,963
Tax year 2023
Assessed value
$600,500
Assessed 2023
Previous assessed
$495,990
+21.1% YoY
Effective rate
1.66%
On assessed value
Assessed land
$4,590
Assessed improvement
$595,910
Total market value
$809,180
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Rooms
1
Total area
2,908 SF
Lot
3.06 ac (133,294 SF)
Zoning code
M2
APN
25-36-15-00-00018.0-0000.00
UPID
US18-4313005
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
OFFICE BUILDING Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$500,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1973
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Sea Flower Properties LLC
Entity
Mailing address
2153 US HWY 1ST 1, ROCKLEDGE, FL 32955-3746
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
—
Sea Flower Properties LLC
—
Deed
related
$1,700,000 · Bankunited NA
Jun 8, 2022
$975,000
Sea Flower Properties LLC
Rockledge Gardens West LLC
Warranty Deed
$1,712,000 · Home Trust Bank
Sep 15, 2020
—
Kevin L Riley
—
Deed
related
—
Mar 14, 2019
$100
Rockledge Gardens West LLC
Witte Family Ptshp
Warranty Deed
—
Oct 26, 2004
—
Mary B Witte
Witte,harry L JR
Affidavit Of Death
related
$300,000 · Suntrust Bank NA
Nov 27, 2000
$359,400
Witte Family Partnership
Witte Trust
Grant Deed
related
—
—
—
Kevin L Riley
—
Loan Modification
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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