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Property profile & analytics
FOR LEASE
Retail space
396 Barton Blvd Rockledge, FL 32955
Entity Owned
4-yr Hold
Free & Clear
Property ID
US19-0629569
For Lease
Contact for pricing
396 Barton Blvd, Rockledge, FL 32955
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,585 SF
Lot
0.73 ac (31,799 SF)
Zoning code
C2
APN
25-36-04-00-00533.0-0000.00
UPID
US19-0629569
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
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.11M
Owner & transaction history
Ls Enterprises Of Brevard LLC · 4 yrs held
Ls Enterprises Of Brevard LLC
since 2022
3 recorded transactions
Zoning & alternative use
C2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C2 zone are intended to apply to an area developed to business establishments which serve all portions of the city and the metropolitan area, or which by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such use
Zone name
General Commercial
General category
PLANNED_DEVELOPMENT
Zone area
690.25 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.5M
+30.3%
Office building
$1.3M
+16.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,130,000
Current use
AUTO REPAIR, GARAGE
$1,470,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,315,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$1,055,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10%
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
$169 / 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
$12,882
Tax year 2023
Assessed value
$742,160
Assessed 2023
Previous assessed
$665,830
+11.5% YoY
Effective rate
1.74%
On assessed value
Assessed land
$140,840
Assessed improvement
$601,320
Land market value
$140,840
Improvement market value
$601,320
Total market value
$742,160
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
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Total area
6,585 SF
Lot
0.73 ac (31,799 SF)
Zoning code
C2
APN
25-36-04-00-00533.0-0000.00
UPID
US19-0629569
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Rockledge, FLZoning C2 · permitted uses
C2 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C2 zone are intended to apply to an area developed to business establishments which serve all portions of the city and the metropolitan area, or which by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such use
Zone name
General Commercial
General category
PLANNED_DEVELOPMENT
Zone area
690.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Ls Enterprises Of Brevard LLC
Entity
Free & Clear · 4 yrs held
Mailing address
484 BARNES BLVD, ROCKLEDGE, FL 32955-5321
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Ls Enterprises Of Brevard LLC
Louis A Schlenker
Warranty Deed
—
Jul 5, 2007
$825,000
Louis Schlenker
Hanin,stanley B
Grant Deed
$701,250 · Bank Of America
—
—
Louis Schlenker
—
Deed Of Trust
related
$480,000 · Space Coast Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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