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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Retail space
3799 Murrell Rd Rockledge, FL 32955-4710
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0578202
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,814 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C2
APN
25-36-22-00-00267.0-0000.00
UPID
US18-0578202
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
$4.45M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$4.33M
Owner & transaction history
W&l Associates LLC · 3 yrs held
W&l Associates LLC
since 2022
Last sale
$5.3M
4 recorded transactions
Zoning & alternative use
C2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.0M
+122.7%
Commercial (general)
$4.9M
+80.5%
Auto repair, garage
$3.5M
+30.3%
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
$4,630,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,715,000
Current use
RESTAURANT
$6,045,000
Change: +123% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,895,000
Change: +80% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,535,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$3,155,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $5.29M (Nov 2 2022)
Last sale anchor
$5.29M
Nov 2 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
$274 / 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
$32,519
Tax year 2023
Assessed value
$1,890,600
Assessed 2023
Previous assessed
$1,875,060
+0.8% YoY
Effective rate
1.72%
On assessed value
Assessed land
$733,100
Assessed improvement
$1,157,500
Land market value
$733,100
Improvement market value
$1,157,500
Total market value
$1,890,600
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
15,814 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C2
APN
25-36-22-00-00267.0-0000.00
UPID
US18-0578202
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
RETAIL STORES Current
Est. value
$2.7M
RESTAURANT
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
W&l Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16239 PANTHEON PASS, DELRAY BEACH, FL 33446-2316
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
W & L Associates LLC
—
Deed
related
$1,875,000 · Td Bank NA
Nov 2, 2022
$5,294,800
W&l Associates LLC
Ds Murrell Rd Rockledge Fl Landlord
Special Warranty Deed
—
Feb 11, 2022
$4,851,700
Ds Murrell Rd Rockledge Fl Landlord
Walgreen Co
Special Warranty Deed
—
May 14, 2002
$3,715,600
Walgreen Co
Murrell & Barnes Dev Corp Ttee
Grant Deed
—
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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