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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Banks
234 Barton Blvd Rockledge, FL 32955-2743
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-2263304
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,280 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C2
APN
25-36-04-00-00780.0-0000.00
UPID
US18-2263304
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
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Gw Real Estate LLC · 1 yrs held
Gw Real Estate LLC
since 2025
Last sale
$775,000
5 recorded transactions
Zoning & alternative use
C2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$990,000
+188.9%
Commercial (general)
$985,000
+187.2%
Office building
$785,000
+128.8%
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
$815,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$990,000
Change: +189% · Conversion: Difficult
COMMERCIAL (GENERAL)
$985,000
Change: +187% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +129% · Conversion: Difficult
RESTAURANT
$710,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Apr 16 2025)
Last sale anchor
$775k
Apr 16 2025
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
$147 / 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
$9,792
Tax year 2023
Assessed value
$539,030
Assessed 2023
Previous assessed
$534,540
+0.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$160,080
Assessed improvement
$378,950
Land market value
$160,080
Improvement market value
$378,950
Total market value
$539,030
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
5,280 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C2
APN
25-36-04-00-00780.0-0000.00
UPID
US18-2263304
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
INDUSTRIAL (GENERAL)
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$985,000
OFFICE BUILDING
Est. value
$785,000
RESTAURANT
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES
Est. value
$520,000
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Gw Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1000 MAINE AVE SW STE #300, WASHINGTON, DC 20024-3495
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
$775,000
Gw Real Estate LLC
Lemonade Mm Rockledge LLC
Special Warranty Deed
—
Dec 30, 2021
$675,000
Leomande Mm Rockledge LLC
Arc Hr5stp1002 LLC
Special Warranty Deed
—
Nov 27, 2007
—
St Florida Portfolio LLC
Suntrust Bank
Grant Deed
—
Feb 19, 2002
$700,000
Suntrust Bank NA
Huntington National Bank
Grant Deed
related
—
Jun 29, 1998
$791,714
Huntington National Bank
Barnett Bank
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.
Try Rey
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