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Property profile & analytics
OFF-MARKET
Estimated value
$7,760,000
Office buildings
4050 Riomar Dr Ste 100 Rockledge, FL 32955-5322
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-6132311
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
CONCRETE
Total area
40,933 SF
Lot
8 ac (348,480 SF)
Zoning code
IP
APN
25-36-22-00-00756.0-0000.00
UPID
US18-6132311
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
$9.14M
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$7.76M
Owner & transaction history
Mainstream Engineering Corporation
Mainstream Engineering Corporation
since 2026
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
IP · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.7M
+55.3%
Auto repair, garage
$9.1M
+12.0%
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%
$9,905,000
6.5%
$9,140,000
7%
$8,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,165,000
Current use
COMMERCIAL (GENERAL)
$12,675,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,145,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$7,020,000
Change: -14% · Conversion: Moderate
MEDICAL BUILDING
$6,550,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$7.76M
Range $6.98M – $8.54M · ±10% · vs last sale $8.00M (Jan 5 2026)
Last sale anchor
$8.00M
Jan 5 2026
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
$190 / 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
$51,970
Tax year 2023
Assessed value
$2,875,170
Assessed 2023
Previous assessed
$2,381,350
+20.7% YoY
Effective rate
1.81%
On assessed value
Assessed land
$697,340
Assessed improvement
$2,177,830
Land market value
$697,340
Improvement market value
$2,177,830
Total market value
$2,875,170
Applied tax rate
43.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
40,933 SF
Lot
8 ac (348,480 SF)
Zoning code
IP
APN
25-36-22-00-00756.0-0000.00
UPID
US18-6132311
Jurisdiction
BREVARD
Zoning & alternative use
IP · Rockledge, FL
Zoning IP · permitted uses
IP · 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
OFFICE BUILDING Current
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$9.1M
RETAIL STORES
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1991
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
8 ac
Current owner
From public records · entity-resolved
Mainstream Engineering Corporation
Entity
Mailing address
1700 SANDPIPER ST, MERRITT ISLAND, FL 32952-5583
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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 5, 2026
$8,000,000
Mainstream Engineering Corporation
Ssjv LLC
Special Warranty Deed
$5,440,000 · Bank Of America NA
—
—
Systems Space
—
Deed Of Trust
related
$1,200,000 · First United Bank
—
—
Systems Jv Space
—
Deed Of Trust
related
$1,525,000 · First United Bank
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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