Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    485 Gus Hipp Blvd Rockledge, FL 32955

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    485 Gus Hipp Blvd Rockledge, FL 32955

    View on Map
    • Truck terminals
    • 15,446 SF
    • 1.55 lot acres
    For Sale
    $1,070,000
    View Listing →
    Rockledge Industrial Facility For Sale For Sale
    $1,070,000
    18,843 SF

    Rockledge Industrial Facility For Sale

    18,843 SF industrial facility with office and warehouse space.

    485 Gus Hipp Blvd, Rockledge, FL 32955
    View Listing
    Property ID
    US18-5270654
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck terminals

    Property Details for 485 Gus Hipp Blvd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    1.55 lot acres
    Property size
    15,446 SF
    Zone code
    IP
    Property type
    Truck terminals
    APN
    25-36-15-00-00508.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,046,000
      Market price range: $403k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockledge
    County
    Brevard
    State
    Florida
    Longitude
    -80.7173
    Latitude
    28.3034
    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
    $15,071
    $103,950
    $772,720
    $876,670
    -
    $103,950
    $772,720
    $876,670

    Comparable in this City

    • Value Estimation
      $1,050,000
      9,600 SF

      5565 Schenck Ave Ste, Unit 1

      TRUCK TERMINAL (MOTOR FREIGHT) • 9,600 SF
      5565 Schenck Ave Ste, Rockledge, FL 32955-5812
      View Details
    • Value Estimation
      $950,000
      12,400 SF

      290 Ansin Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 12,400 SF
      290 Ansin Rd, Rockledge, FL 32955-5505
      View Details
    • Value Estimation by Request
      704 SF

      423 Hawk St

      TRUCK TERMINAL (MOTOR FREIGHT) • 704 SF
      423 Hawk St, Rockledge, FL 32955-3218
      View Details
    • Value Estimation by Request
      4,456 SF

      1400 Gdn Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 4,456 SF
      1400 Gdn Rd, Rockledge, FL 32955-3217
      View Details
    • Value Estimation
      $820,000
      13,824 SF

      225 Yellow Pl

      TRUCK TERMINAL (MOTOR FREIGHT) • 13,824 SF
      225 Yellow Pl, Rockledge, FL 32955-5328
      View Details
    • Value Estimation by Request
      6,400 SF

      447 Richard Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 6,400 SF
      447 Richard Rd, Rockledge, FL 32955-3196
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Functional Office Suite with Warehouse

      Office suite with warehouse bay in Rockledge industrial location.
      1795 Cogswell St, 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
    • Contact for pricing

      Rockledge Industrial Facility For Sale

      18,843 SF industrial facility with office and warehouse space.
      485 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Rockledge Industrial Facility For Sale

      18,843 SF industrial facility on 1.55 acres in Rockledge, Florida.
      485 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Commercial Corner Lot on Fiske

      Cleared corner lot with high traffic and redevelopment potential.
      1009 S Fiske Blvd, 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
    • Contact for pricing

      Rockledge Manufacturing and Warehouse Space

      Manufacturing, R&D, and assembly space with heavy power.
      275 Barnes Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Rockledge Warehouse with Office Space

      4,950 SF warehouse with office in Rockledge's industrial corridor.
      525 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • $14 SF/Yr

      Rockledge Industrial Facility For Lease

      Industrial facility with office and warehouse space available for lease.
      485 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Rockledge Industrial/Flex Space Available

      5,000 SF flex space in Rockledge's industrial hub.
      550 Gus Hipp Blvd, Rockledge, FL 32955
      View Details
    • Contact for pricing

      Versatile Space for Lease

      Ideal for retail, office, or service-based ventures.
      2025 Murrell Rd, Rockledge, FL 32955
      View Details
    View Listing
    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.
    485 Gus Hipp Blvd
    Rockledge, FL 32955
    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

    Thank You for Inquiry

    485 Gus Hipp Blvd, Rockledge, FL, 32955

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!