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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Retail space
4851 Us Hwy 1st 1 Rockledge, FL 32955-5418
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5053147
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,500 SF
Lot
5.73 ac (249,599 SF)
Zoning code
BU-1/BU-2
APN
25-36-26-00-00760.1-0000.00
UPID
US18-5053147
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
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$3.50M
Owner & transaction history
4851 S Highway 1 LLC · 2 yrs held
4851 S Highway 1 LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
BU-1/BU-2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,150,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,405,000
Current use
MEDICAL BUILDING
$5,040,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.83M (Jan 3 2023)
Last sale anchor
$3.83M
Jan 3 2023
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
$111 / 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
$89,337
Tax year 2023
Assessed value
$3,244,150
Assessed 2023
Previous assessed
$1,894,200
+71.3% YoY
Effective rate
2.75%
On assessed value
Assessed land
$906,330
Assessed improvement
$2,337,820
Land market value
$906,330
Improvement market value
$2,337,820
Total market value
$3,244,150
Applied tax rate
2,300.0000
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
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
31,500 SF
Lot
5.73 ac (249,599 SF)
Zoning code
BU-1/BU-2
APN
25-36-26-00-00760.1-0000.00
UPID
US18-5053147
Jurisdiction
BREVARD
Zoning & alternative use
BU-1/BU-2 · Rockledge, FL
Zoning BU-1/BU-2 · permitted uses
BU-1/BU-2 · 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
RETAIL STORES Current
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.0M
RETAIL STORES Current
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
5.73 ac
Current owner
From public records · entity-resolved
4851 S Highway 1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3565 SPARROW HAWK TRL, MIMS, FL 32754-6520
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
—
4851 S Highway 1 LLC
—
Deed
related
$1,500,000
May 31, 2024
—
4851 S Highway 1 LLC
Andrew Franklin Procell
Limited Warranty Deed
—
Jan 3, 2023
$3,829,000
Andrew Franklin Procell
Gw Real Estate LLC
Special Warranty Deed
$3,063,200 · Space Coast Cu
Jan 3, 2023
—
Andrew Franklin Procell
—
Deed
related
$3,063,200 · Space Coast Cu
Jan 10, 2020
—
Gw Real Estate LLC
Goodwill Industries Of Ctrl Flori
Correction Deed
related
—
Jan 2, 2020
—
Gw Real Estate LLC
Goodwill Industries Of Ctrl Flori
Grant Deed
$41,420,000 · Sti Inst'l & Governmental INC
Mar 27, 2013
—
Goodwill Industries Of Ctrl Flori
—
Deed Of Trust
related
$17,950,000 · Sti Inst'l & Government INC
Sep 3, 2008
$2,600,000
Goodwill Industries Of Ctrl Flori
4-s Corp
Warranty Deed
—
Jun 7, 2006
—
4-s Corp
—
Trustees Deed
related
$500,000 · Florida Business Bank
Jan 23, 2006
—
4-s Corp
—
Trustees Deed
related
$500,000 · Florida Business Bank
Jun 4, 1999
$150,000
4-s Corp
Paxton Trust
Grant Deed
—
—
—
4-s Corp
—
Deed Of Trust
related
$9,993 · Florida Business 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.
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