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Property profile & analytics
FOR LEASE
Grocery and convenience stores
5410 Murrell Rd Rockledge, FL 32955
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6021443
For Lease
1 / 2
$6,875,000
5410 Murrell Rd, Rockledge, FL 32955
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,536 SF
Lot
11.22 ac (488,743 SF)
Zoning code
PUD
APN
25-36-34-29-00000.0-0005.00
UPID
US18-6021443
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
$7.90M
Comparable Approach
Comparable
$8.09M
Blend (final)
Blend
$6.88M
Owner & transaction history
Viera Spe LLC · 4 yrs held
Viera Spe LLC
since 2021
7 recorded transactions
Zoning & alternative use
PUD · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.0M
+30.3%
Office building
$8.9M
+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%
$8,560,000
6.5%
$7,900,000
7%
$7,335,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,640,000
Current use
AUTO REPAIR, GARAGE
$9,950,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$8,880,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$7,125,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.88M
Range $6.19M – $7.56M · ±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
$154 / 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
$128,884
Tax year 2023
Assessed value
$4,367,850
Assessed 2023
Previous assessed
$4,367,850
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$1,495,640
Assessed improvement
$2,872,210
Land market value
$1,495,640
Improvement market value
$2,872,210
Total market value
$4,367,850
Applied tax rate
430.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
2
Total area
44,536 SF
Lot
11.22 ac (488,743 SF)
Zoning code
PUD
APN
25-36-34-29-00000.0-0005.00
UPID
US18-6021443
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Rockledge, FL
Zoning PUD · permitted uses
PUD · 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
$7.6M
AUTO REPAIR, GARAGE
Est. value
$10.0M
OFFICE BUILDING
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$7.1M
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
2
Lot
11.22 ac
Current owner
From public records · entity-resolved
Viera Spe LLC
Entity
Mailing address
4053 MAPLE RD STE #200, BUFFALO, NY 14226-1058
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Winn Dixie Stores LLC
—
Deed
related
$200,000 · Silver Point Finance LLC
Aug 26, 2021
—
Viera Spe LLC
Srk Viera Village Associates LP
Quit Claim Deed
related
$10,500,000 · Key Bank NA
Dec 21, 2018
—
Srk Viera Vlg Assocs LP
—
Loan Modification
related
$10,102,255 · Keybank USA
May 8, 2012
—
Srk Viera Village Assocs LP
—
Deed Of Trust
related
$7,100,000 · Key Bank & Trust
Mar 7, 2005
—
Srk Viera Village Assocs
Orix Trion Viera Venture
Grant Deed
$7,100,000 · Lasalle National Bank
—
—
Srk Viera Village Assocs
—
Deed Of Trust
related
$6,400,000 · Key Bank & Trust
—
—
Srk Viera Village Assocs
—
Deed Of Trust
related
$500,000 · Key Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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