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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Drive through restaurants
423 Barton Blvd Rockledge, FL 32955-2709
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2990247
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,061 SF
Lot
0.88 ac (38,333 SF)
Zoning code
C2
APN
25-36-09-00-00251.0-0000.00
UPID
US18-2990247
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
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$910k
Owner & transaction history
Bravoflorida LLC · 5 yrs held
Bravoflorida LLC
since 2021
Last sale
$867,000
2 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
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
$935,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,170,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $867k (Aug 6 2021)
Last sale anchor
$867k
Aug 6 2021
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
$297 / 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
$13,179
Tax year 2023
Assessed value
$731,610
Assessed 2023
Previous assessed
$731,610
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$169,400
Assessed improvement
$562,210
Land market value
$169,400
Improvement market value
$562,210
Total market value
$731,610
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,061 SF
Lot
0.88 ac (38,333 SF)
Zoning code
C2
APN
25-36-09-00-00251.0-0000.00
UPID
US18-2990247
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
RESTAURANT Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$950,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Bravoflorida LLC
Entity
Mailing address
4220 EDISON LKS PKWY STE #300, MISHAWAKA, IN 46545-1440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
$867,000
Bravoflorida LLC
Newbern Enterprises INC
Warranty Deed
$1,600,000 · Bank Of America NA
Aug 6, 2021
—
Bravoflorida LLC
—
Deed
related
$1,400,000 · Bank Of America NA
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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