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Property profile & analytics
OFF-MARKET
Estimated value
$10,705,000
Industrial properties
5485 Schenck Avel Rockledge, FL 32955-5803
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6118802
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2002
Construction
STEEL FRAME
Total area
1,500 SF
Lot
6.76 ac (294,466 SF)
Zoning code
IU
APN
25-36-35-00-00057.0-0000.00
UPID
US18-6118802
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
$9.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.71M
Owner & transaction history
Storage Partners-rockledge Fl · 11 yrs held
Storage Partners-rockledge Fl
since 2015
Last sale
$10.9M
3 recorded transactions
Zoning & alternative use
IU · 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
$11,740,000
ML approach
$9,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.71M
Range $9.63M – $11.78M · ±10% · vs last sale $10.88M (Jan 4 2021)
Last sale anchor
$10.88M
Jan 4 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
$7,137 / 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
$88,186
Tax year 2023
Assessed value
$7,409,860
Assessed 2023
Previous assessed
$6,491,410
+14.1% YoY
Effective rate
1.19%
On assessed value
Assessed land
$647,820
Assessed improvement
$6,762,040
Land market value
$647,820
Improvement market value
$6,762,040
Total market value
$7,409,860
Applied tax rate
4,300.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
11
Stories
1
Units
2
Total area
1,500 SF
Lot
6.76 ac (294,466 SF)
Zoning code
IU
APN
25-36-35-00-00057.0-0000.00
UPID
US18-6118802
Jurisdiction
BREVARD
Zoning & alternative use
IU · Rockledge, FL
Zoning IU · permitted uses
IU · 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.
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
11
Units
2
Lot
6.76 ac
Current owner
From public records · entity-resolved
Storage Partners-rockledge Fl
Entity
Mailing address
150 E 52ND ST, NEW YORK, NY 10022-6017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 12, 2015
$7,000,000
Storage Partners-rockledge Fl
East Storesmart Rockledge LLC
Grant Deed
$5,500,000 · Cantor Com'l R/e Lndg
Aug 1, 2012
$4,715,000
East Storesmart Rockledge LLC
Wells Fargo NA 2005-iq10
Grant Deed
—
May 20, 2005
—
Viera Self Storage Holdings Ll
Boozer,fred D JR
Quit Claim Deed
related
$4,000,000 · Union Central Mortgage Funding
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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