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Property profile

389 Commerce Pkwy Ste 160 Rockledge, FL 32955

OFF-MARKET
Medical Office Space
Property ID
US18-6003160
16,668 SF 2.89 ac lot Built 2007
Last sale Feb 2004 · $355,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial property is located directly on Murrell Road, a primary north/south corridor between Viera and Rockledge, with office suites available for separate occupancy. The building includes at least two office suite configurations: Suite 120 with approximately 5,890 square feet and Suite 140 with approximately 4,491 square feet. The site is positioned near Interstate 95 with access via Viera Boulevard and Barnes Boulevard, and it sits within an established area that includes nearby employers, schools, recreational facilities, and retail and dining options.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$1.75M
Assessed land$201k
Assessed improvement$1.55M
Effective rate1.72%

Value estimate

· Oct 2026
$1.84M
$1.66M – $2.02M
Submarket $/SF estimate$2.45M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
Submarket average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$96 – $212

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IP
The purpose of IP industrial park district is composed of lands so situated as to be well adapted in industrial park development
General categoryINDUSTRIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility8.7
Locksmith8.7
Convenience Store8.5

Location

389 Commerce Pkwy Ste, Unit 160 Rockledge, FL 32955-4202
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1026 Pathfinder, Rockledge, FL 32955-3216 $2,475,900 Jul 2025 9,467 SF
154 Woods, Rockledge, FL 32955-3262 $535,000 Mar 2025 3,078 SF
1257 Florida S, Rockledge, FL 32955-2435 $1,200,000 Aug 2024 11,636 SF
111 Barton, Rockledge, FL 32955 $45,000,000 Jul 2024 10,550 SF
5405 Vlg, Rockledge, FL 32955-6570 $1,532,000 Nov 2023 5,634 SF
9 Orange, Rockledge, FL 32955-2945 $295,000 Nov 2021 5,310 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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