Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    392 Richard Rd Rockledge, FL 32955-3183

    • Warehouses
    • 1,200 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    2.2%
    Warehouses
    Location Intelligence
    Property ID
    US18-0178950
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 392 Richard Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    1,200 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    25-36-09-00-00055.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $240,000
      Market price range: $110k - $240k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockledge
    County
    Brevard
    State
    Florida
    Longitude
    -80.7302
    Latitude
    28.3246
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,151
    $43,730
    $80,070
    $123,800
    -
    $43,730
    $80,070
    $123,800

    Comparable in this City

    • Value Estimation by Request
      13,500 SF

      222 Yellow Pl

      Distribution properties • 13,500 SF
      222 Yellow Pl, Rockledge, FL 32955
      View Details
    • Value Estimation
      $425,000
      5,000 SF

      2107 Us Hwy 1st 1

      WAREHOUSE, STORAGE • 5,000 SF
      2107 Us Hwy 1st 1, Rockledge, FL 32955-3726
      View Details
    • Value Estimation
      $6,315,000
      47,121 SF

      5900 Us Hwy 1st 1

      MINI-WAREHOUSE, STORAGE • 47,121 SF
      5900 Us Hwy 1st 1, Rockledge, FL 32955-5737
      View Details
    • Value Estimation
      $1,830,000
      20,000 SF

      550 Gus Hipp Blvd Ste, Unit 1

      WAREHOUSE, STORAGE • 20,000 SF
      550 Gus Hipp Blvd Ste, Rockledge, FL 32955-4821
      View Details
    • Value Estimation
      $255,000
      0.74 Acres

      424 Richard Rd

      STORAGE YARD, OPEN STORAGE • 0.74 Acres
      424 Richard Rd, Rockledge, FL 32955
      View Details
    • Value Estimation
      $285,000
      7,200 SF

      1670 Barrett Dr

      WAREHOUSE, STORAGE • 7,200 SF
      1670 Barrett Dr, Rockledge, FL 32955-3116
      View Details

    Similar Nearby for Sale

    • $2,395,000
      13,376 SF

      Eyster Commons Industrial Park

      Rockledge, FL Flex/Warehouse Units
      0 Dr Joe Lee Smith Dr, Rockledge, FL 32955
      View Details
    • $1,400,000
      2.45 Acres

      Rockledge Industrial Lot For Sale

      2.45 acre industrial lot ready for development or storage.
      275 Paint St, Rockledge, FL 32955
      View Details
    • $89,900

      Rockledge Land: Build Your Dream Home

      4,356 sq ft lot, prime Rockledge location.
      1354 Gem Cir, Rockledge, FL 32955
      View Details
    • $699,500
      1,224 SF

      Highway 1 Mixed-Use Commercial

      Rockledge, FL: Prime Car Sales Location
      2065 102, Rockledge, FL 32955
      View Details
    • $925,000

      Rockledge Waterfront Commercial Land

      Prime 70K SF lot, Intracoastal access.
      1863 Rockledge Dr, Rockledge, FL 32955
      View Details
    • $129,900

      Rockledge Commercial Land - $129,900

      Prime Commercial Lot, US-1, Rockledge, FL
      0000000 Unknown, Rockledge, FL 32955
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      4,872 SF

      Rockledge Warehouse For Lease

      Industrial Space, Prime Location
      1795 Cogswell St, Rockledge, FL 32955
      View Details
    • $14 SF/Yr
      14,100 SF

      Rockledge Industrial Flex Space

      New 14,100 SF flex warehouse, Rockledge, FL
      1765 Jack Oates Blvd, Rockledge, FL 32955
      View Details
    • $880 /Mo
      13,446 SF

      Private Suites for Lease

      Private suites available for lease in Rockledge, Florida.
      566 Barton Blvd, Rockledge, FL 32955
      View Details
    • New
      $610 /Mo
      6,098 SF

      Office Space in Rockledge, FL

      Small office space in a quiet Rockledge location for rent.
      1707 Elm St, Rockledge, FL 32955
      View Details
    • Contact for pricing
      2 SF

      Commercial Land for Lease

      Three outparcels available for ground lease.
      224 Barton Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 95

      Commercial land available for ground lease or build to suit.
      Murrell Rd, Rockledge, FL 32955
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    392 Richard Rd
    Rockledge, FL 32955-3183
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.